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Grenada

Golden Visa Program

Popularly known as the Spice Island because of its myriad of locally grown spices, Grenada offers one of the most picturesque waterfronts in all the Caribbean. As the only Caribbean island that has an E-2 visa treaty with the United States of America, Grenadian citizenship provides investors to have a seamless route to live and work in the US. With visa free travel to China, Russia, the UK and Schengen, citizens of Grenada enjoy increased global mobility and endless opportunities for their families and businesses.

WHY CHOOSE GRENADA?

The Grenadian Citizenship by Investment Program provides the following prime benefits:

  • Fast processing within 4 months;
  • Inclusion of dependent children under 30;
  • Inclusion of dependent parents or grandparents above 55 and/or unmarried siblings 18 years or older with no kids;
  • No physical residency requirements;
  • No requirements to travel to Grenada during the application process;
  • No education or managerial experience required;
  • Visa-free travel to over 130 countries, including the UK, Europe's Schengen zone and China;
  • E-2 treaty signed between Grenada and the United States allows citizens of Grenada to operate a substantial business in the U.S. and reside therein;
  • No tax on worldwide income;
  • Citizenship can be passed down to future generations;
  • Investment can be sold to another Grenadian citizenship investor after 5 years.

BENEFITS

  • Fast and straightforward procedure where applications are processed within 3-4 months;
  • Residency cards are renewed every 5 years for the lifetime of the main applicant and their parents, provided they keep a house of minimum sales value as per the investment thresholds;
  • Applicants are issued with a 1-year long multiple entry residence visa for Greece upon application, which is canceled upon issuance of their residency cards;
  • No VAT is payable on property purchases until the end of 2023;
  • Right and no obligation for residing in the country;
  • Children up to 21 years old and parents of the spouses can participate in the Program;
  • Holders of the residence permit have access to public education (schools, universities) at the same terms as these for Greek nationals;
  • Visa-free access to 172 countries, including Schengen countries;
  • Right to enter and reside in Greece even in case of closed borders;
  • Greece has been ranked as the world’s number one country for retirement.

QUALIFICATIONS

Grenada’s Citizenship by Investment Program was launched in 2013 under the regulations of the Grenada Citizenship by Investment Act.

To qualify for citizenship in Grenada, applicants must fulfill one of the investment options in addition to meeting the following criteria:

  • Be of outstanding character;
  • Hold no criminal record;
  • Have excellent health;
  • Have a high personal net worth;
  • Mandatory interviews are conducted for every applicant aged 17 and over.
  • Be at least 18 years old;
  • Possess a valid passport;
  • Enter Greece legally;
  • Complete in full the purchase of the property.

The following family members qualify as dependents of the main applicant:

  • Spouse;
  • Children up to 21 years old;
  • Parents of the main applicant;
  • Parents of the spouse.

INVESTMENT OPTIONS

The investment options for the Citizenship by Investment program of Grenada are as follows:

National Transformation Fund Donation

Applicants may donate a minimum of US$150,000 to Grenada’s National Transformation Fund. The minimum amount covers a single applicant only. For a family of two to four people, the requirement is set at US$200,000. An extra donation of US$25,000 is required for each additional dependent. Donations can be transferred in two installments.

Real Estate Investment

Treasured by investors for its unspoiled beauty, Grenada’s natural landscape is but one of the many enticements to invest in real estate on the island. There are several options available to applicants; including Government-approved real estate developments, that encompass diverse projects such as hotels, villas, and resorts.

Applicants opting for the Real Estate option must invest a minimum of US$220,000 with no obligation to visit or reside on the island. The main applicant can also include an unlimited number of eligible dependents, including siblings, children and parents. The opportunity to invest in Grenada’s Real Estate sector is an invitation to indulge in a long and fruitful relationship with the island and its culture, as well as contribute to its future, as a Grenadian citizen.

Contact us to learn more about our approved Real Estate projects.

APPLICATION FEES

LICENSE OPTIONS

Arton’s Advisory fees are based on the number of dependents, country of origin, residence and other retained services, as well as service and legal fees related to the submission of citizenship and passport application for the main applicant. The advisory fees are non- refundable and are payable in two equal installments. 

 

All application fees charged by the Grenada government and by Arton are subject to change. Please contact us if you have any questions or need more information.

ADDITIONAL FEES

REAL ESTATE GOVERNMENT FEES

  • US$50,000: For a single applicant or for a family of up to four dependents.
  • US$25,000: Per additional dependent after the third dependent.

APPLICATION FEES

  • US$1,500: Per person.

PROCESSING FEES

  • US$1,500: Per person and each qualified dependent aged 18 and over, including spouse, siblings and parents.
  • US$500: Dependent under 18.

DUE DILIGENCE FEES

  • US$5,000:Perperson.Qualified dependents aged 16 and below do not pay due diligence fees.
  • US$8,000:Non accompanying spouse

Additional passport issuance, Oath of Allegiance and bank fees (1%) and VAT (15%) are applicable.

INTERVIEW FEES

  • US$1,000: Per person and each qualified dependent aged 17 and over, including spouse and dependent parents.
  • US$1,000: Financial sponsor.

AVAILABLE PATHWAYS

The United Arab Emirates has three pathways to company registration: mainland for global trading, free zone for 100% foreign ownership in the free zone, and offshore for tax optimization.

Mainland

A mainland company is nothing but an onshore company which is registered under the government authority of the concerned emirate. The trade license is issued by the Department of Economic Development of the particular emirate. A UAE mainland company is mainly characterized by the liberal trading conditions. Unlike the other two types of companies, a mainland company has the advantage of receiving authorization to trade both on the UAE local market and outside the UAE.

Free Zone

A free zone company is a company formed within a special economic area within an emirate where goods and services can be traded. There are more than 40 free zones operating in the UAE. Free zones have their own regulations and have a government regulatory body called the Free Zone Authority. The Free Zone Authority is in charge of trade license issuance. A UAE free zone is characterized by the benefits of 100% foreign ownership and tax concessions. A free zone company is authorized to trade between businesses in and outside of the UAE.

Offshore

An offshore company is a business entity that is set up with the intention of operating outside its registered jurisdiction and/or the location of its ultimate ownership. A company may legitimately move offshore for the purpose of tax optimization or to enjoy more suitable regulations.

AVAILABLE JURISDICTIONS

Establishing a company in any part of the world can be challenging – with a multitude of available jurisdictions in the UAE alone, how do you know which one works for you?

While this can depend on several factors like your business activity, company structure, and the necessity of a physical office space, our seasoned business setup consultants take away the hassle with personalized solutions that cater to your unique business needs.

Here are some of the best jurisdictions in the UAE:

Department of Economic Development (DED) Dubai Mainland

For businesses wishing to operate in Dubai and expand across the UAE, the Department of Economic Development Dubai Mainland enables direct trade with customers, other mainland businesses, and the provision of essential services from the government of Dubai.

Dubai Multi Commodities Center (DMCC)

A globally recognized and strategically located freezone, DMCC is ideal for corporate businesses that require a physical presence. With more than 19,000 companies registered to date, DMCC is a trade and enterprise center for commodities.

Jebel Ali Free Zone (JAFZA)

Best known for its world-class port and close proximity to major markets, Jebel Ali Free Zone is an economic trade hub for industrial businesses that require warehouse spaces and logistics infrastructure

Meydan Freezone

Meydan Freezone is the place to be for freelancers and start-ups. With numerous competitive licensing options, this freezone provides a vast support system to new and emerging businesses entering the UAE market.

Ras Al Khaimah International Corporate Centre (RAK ICC)

RAK ICC is one of the world’s fastest growing corporate registries. For businesses looking to setup an offshore operation in the UAE, RAK ICC offers the most time-efficient and cost-effective solution.

UAE GOLDEN VISA

In addition to the business setup options which give foreigners short-term residency status, the Government of UAE has also established a successful long-term residency program. The UAE Golden Visa for investors in public projects and real estate secures 10-year visa for qualifying applicants

The minimum investment requirement is AED2M in the form of:

  • A deposit in an investment fund in the UAE, or
  • Purchased property or off-plan deal.

In some cases, there is a minimum mandatory holding period and restrictions to use loans for the investment.

Benefits :

  • Can include the spouse and children, as well as one executive director and one advisor;
  • Extended period for stay outside of UAE for more than 6 months;

APPLICATION FEES

All application fees charged by the UAE government are subject to frequent change. These fees depend on the jurisdiction type, license activity and complexity of the process.

Contact us to get precise quote based on your needs and preferences.

NEXT STEPS:

PROGRAM CHECK

Compare the different programs side by side and examine their features.

PROGRAM COST

Find out the cost estimates for each program tailored to your family.

PROGRAM MAP

See the power of global mobility for each passport.

DOWNLOAD BROCHURE (PDF)
ARTON INDEX SCORE
COST
20%
SPEED
7%
GLOBAL MOBILITY
14%
QUALITY OF LIFE
4%
SIMPLICITY
20%

The Arton Index is an overall assessment andcomparative benchmark of the country anditsinvestmentprogram.
grenada
112,207

Population growth 0.42%

15,100USD

GDP (per capita)
GDP (purchasing power parity)
1.634 billion USD

136

Visa free countries

LOCATION
Caribbean, islands betweenthe Caribbean Sea and theNorth Atlantic Ocean, northof Trinidad and Tobago

CAPITAL
SaintGeorge’s

DIFFERENCE
UTC – 4

TOTAL AREA
344 km2

AGE DEMOGRAPHICS
0-14:23.84%,15-24:14.61%,25-54:40.27%,55-64:10.97%,65+:10.31%

LANGUAGE
English(official),Frenchpatois

RELIGIONS

Protestant: 49.2%,

Roman Catholic: 36%,

Other: 14.8%

GOVERNMENT TYPE
Parliamentary democracy and Commonwealth realm

CURRENCY
East Caribbean dollars (XCD)

EXCHANGE RATE
1 USD = 2.7 XCD

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