Grenada launched its citizenship by investment program in 2013 for the purpose of booming its economy. In return, it offered outside investors obtain citizenship and second passport within 4 to 6 months. Grenada being one of the safest and beautiful Island in Caribbean always intrigue tourists and permeant resident seekers. So, they always queries credible information regarding Grenada citizenship by investment. The followings are some replies on Frequently Asked Questions (FAQ).
How long does Due Diligence take when I apply for Grenada citizenship by investment?
Due diligence check is going to be performed against the main applicant and their dependents mentioned in the application. It may take 3 to 6 months. The time variation depends on how full and detailed the information you provide about yourself, your family and sources of income. So, you must receive professional help while you apply for Grenada citizenship by investment to avoid any potential error.
Do I need to visit Grenada for the application process?
There is no requirement to visit Grenada for an interview for the Grenada citizenship program. In fact no need to travel at all to apply for the Grenada Citizenship By Investment (CBI).
How long should I own a real estate property under the CBI rules?
According to the Grenadian legislation, the participant of the program must own a real estate property for at least 4 years.
In what cases my application could be rejected?
If you deliver false data;
When you are convicted or under proceedings of any serious criminal offense in any country around the world;
Whether Grenada Citizenship by Investment authority thinks that you or your family pose a potential threat to public order, national security or the reputation of Grenada or any other country;
Provided that your visa application denied in a country with which Grenadian citizen has a visa-free access.
Do Grenadians need US visa? Or Do Grenada passport holders need a visa to the USA?
Well Yes, Grenadian citizens as well as passport holders need a visa to enter the US. Though they do have a benefit of eligibility of applying for a US B-1 & US B-2 tourist visa . These visas have a validity period of ten-year multiple-entry visas.
They also can apply for the E2 visa as Grenada being the signatory of E2 treaty with the USA, on the condition that they invest a certain amount of dollar in US for certain period.
Can Grenada citizen work in USA? Or Can Grenada citizens work in the US?
Yes, they can. They can work in US by obtaining various US visas, for example, E-2, EB-3 etc.
Theses visas allow investors to work or run a business in the United States. It also allows Grenadian citizens access to live and work in the US. A spouse of the E2 investor can also work in the US.
Which Caribbean country has visa free travel to USA?
Citizens of Grenada, Antigua and Barbuda, St Lucia, Dominica, and St Kitts and Nevis have access to visa free travel to USA.
What is the Grenada E-2 Visa?
The Grenadian citizens qualify for E-2 Visa in the US. You can’t apply for an E-2 visa as a citizen of any country unless your country is listed as E-2 treaty countries. Only around 78 countries are listed as E-2 treaty countries. So, this visa is restricted to a lot of countries/ nationalities. Grenada and the US have is joint signatory E-2 visa treaty on mutual investments. That’s why you have the benefit of getting the E-2 visa with a Grenada passport in your hand. Once the E-2 Visa is approved, you can move along with your family and invest in a business in the United States.
How can I get E2 visa from Grenada?
First you have to attain Grenada citizenship by investment or donation, and then apply for an E-2 US visa.
Grenada being the signatory of E2 treaty with the USA, Grenadians became eligible to apply for the E-2 visa subject to fulfilling the requirement of qualifying amount of dollar investment in US for certain period. Since Foreign investors (i.e. Grenadian) need to invest a minimum amount of $100,000 to apply for an E-2 Visa.
How long does it take to get an E2 Visa Grenada?
For Grenadian citizens it takes to get an E2 Visa for approximately 3 months.
What is the amount needed for an E-2 Visa?
To obtain an E-2 Visa, an applicant must be ready and able to invest a minimum amount of 100,000 dollar in the US.
Is the E2 Visa open?
Although there might be a delay in the visa interview schedule due to Covid19 restrictions, the E-2 Visa is still available for interested candidates.
How long can US citizens stay in Grenada?
US citizens can stay in Grenada for a period of 90 days without a Grenadian visa.
How long can you stay in Grenada without a visa?
Grenada and 108 countries signed an agreement on a visa-free regime. Bangladesh is one of them. So, citizens of these countries, including Bangladeshis, can spend minimum 30 days visa free in Grenada within consecutive 6 months in a year. That means, in one year you can travel to Grenada for 2 times, minimum 30 days each time. So in total minimum 60 days in a year without a visa. If you want to stay more than 60 days in a year or more than 30 days in single entry, you have to apply for visa.
How much does it cost to build a house in Grenada?
If someone is to build a residential house in Grenada, in general, the approximate cost will be between $100.00 to $ 150.00 US dollars per square foot. It may varies depending on the location or area where the house situated.
Is Grenada a good country to retire?
Grenada is a fantastic Caribbean island filled with peace and tranquility, a place where you can experience both coastal living and small city living at the same time. Though the island is not that popular like other conventional Caribbean islands but they provide retirees an inexpensive and superior quality of life. The welcoming local people and the growing emigrant and tourist community will make your living homely.
If you looking for Hiking, sailing, diving, swimming, kayaking, and paddling in your routine life including other excitement in white sandy beaches, rainforests, rivers, mountain lakes and scenic waterfalls then Grenada is truly the perfect place to retire.
How much money do you need to retire in Grenada?
People often ask How much do I need to retire in Grenada? Well, you can achieve Grenada citizenship via investment by Firstly, donating USD 150,000 to National Transformation Fund. Secondly, by purchasing a government-approved real estate project whose minimum worth is USD 220,000.
To live in Grenada, the projected monthly costs for a couple of retirees is approximately $1500 a month based on your lifestyle, without housing costs.
Is Grenada a good place to live?
Yes, off course.
Grenada is a great place to live if you consider great communities, very sociable people, reasonable cost of living, safety, low crime rate, tropical climate almost all year around, lots of festivals, and job opportunities.
If you love exciting activities like Hiking, sailing, diving, kayaking, and paddling in your daily life and admire scenic beauty like white sandy beaches, rainforests, rivers, mountain lakes and scenic waterfalls then Grenada is your destination.
Which Caribbean island is best for citizenship?
There are top favorite five countries among others offer citizenship by investment programs in the Caribbean. They are Grenada, Antigua and Barbuda, Dominica, St Lucia and St Kitts and Nevis.
It is not simple to say which Caribbean island is best for your citizenship. It depends on your budget, safety and any other considerable features of that country that may attract you. For example, if you looking for comparatively cheaper citizenship via donation you can go for countries like Antigua and Barbuda, Dominica, St Lucia.
But if you looking for safety of your real estate property/ project then you must choose Grenada. Because, if you compare among other Caribbean islands mentioned above, you will figure out that Grenada’s geographical location is much safer. There are no Atlantic hurricanes that have caused mentionable harm to this island. Such geographical feature makes it simple to decide in Grenada’s real estate.
Grenada is a great place to live when you consider climate and tranquility. If you are looking for a great place to retire with your loved ones then citizenship in Grenada by investment can be a wise choice.
The content of this blog is for knowledge or information sharing purpose only and may not be relied on as legal advice. In terms of getting any legal help we always strongly advise to contact a professional immigration lawyer. For professional legal help you can call or contact here.
Written By: Sheikh Saiful Islam Rajib
The author is experienced and authorized immigration lawyer for Grenada citizenship by investment in real estate program and can be reached by +8801753178887(WhatsApp).