According to the latest information obtained by Worldway Group, the Grenada Citizenship by Investment Program issued 851 passports in 2018, an increase of approximately 21% compared to 2017, generating 147 million Eastern Caribbean dollars in revenue, a growth of 25.6%. Data shows that in 2018, the program received a total of 313 applications (an increase of approximately 5.7% over 2017), approved 244 (an increase of approximately 25.7%), and rejected 13 (down from 25 the previous year).
Since the launch of the Grenada Citizenship by Investment Program in August 2013, a total of 2,080 people have obtained Grenadian citizenship through participation in the CIP. During the same period, main applicants submitted 875 applications, of which the Grenada CIU approved 615 and rejected 57 (an overall rejection rate of 8.4%), with 203 still pending approval.
Looking at the data, the investment type preferences of applicants have remained largely unchanged over the past two years: 34% of applicants chose the program's real estate investment option (36% chose this method in 2017), while 66% of applicants preferred to purchase government funds, i.e., donations (64% of applicants chose this method in 2017).
Recently, the government of Grenada announced a series of major changes to its Citizenship by Investment Program (for details, please see the Worldway Group report: Major! Grenada Citizenship by Investment Program Announces Four Major Policy Benefits). This new policy better meets the needs of applicants and their accompanying spouses, and clarifies that secondary buyers are also eligible to apply for citizenship by investment, which is undoubtedly great news for investors!
As the investment thresholds for some mainstream immigration countries continue to rise, and with long processing cycles, high costs, and time-consuming immigration residency requirements, the trend for investment immigration has begun to shift toward "short, flat, and fast" immigration projects. Among them, Grenada stands out for its short cycle and lack of residency requirements, making it increasingly popular among investors.
The Grenada Citizenship by Investment Program allows individuals and their families to obtain citizenship and permanent residency in Grenada. Applicants can donate at least $150,000 to the Grenada National Transformation Fund (NTF) or invest in government-approved real estate worth no less than $350,000 to apply for citizenship for four generations of their family and obtain Commonwealth citizenship.
Unique Advantages of the Grenada CBI Program
▶ Currently the only country in the Caribbean with an investment immigration program that has a mutual visa-exemption agreement with China
▶ Currently the only country in the Caribbean that can apply for a U.S. E-2 visa
▶ Currently the only passport program in the Caribbean that allows siblings to accompany the applicant
Other Advantages of the Grenada Passport
1. Convenient Travel: Visa-free access to over 140 countries and regions
Visa-free or visa-on-arrival access to over 140 countries/regions globally, including mainland China, Hong Kong, Macau, the European Union, Schengen countries, Singapore, South Korea, etc., for worry-free global travel.
2. Application for U.S. E-2 Visa: Opening a special channel to the United States
After obtaining a Grenada passport, investors can apply for a U.S. E-2 visa without quota restrictions; spouses can apply to work in the U.S., and children can apply to attend U.S. public schools.
3. Tax Benefits: Favorable for asset allocation and identity planning
Grenada is a well-known financial center in the Caribbean, with no property tax, inheritance tax, gift tax, etc., and it is a non-global tax-levying country.
4. Fast Processing: Simple application conditions and fast processing
The Grenada Citizenship by Investment Program has a low threshold and simple, fast procedures. There are no interviews, no residency requirements, no educational requirements, and no nationality restrictions.
5. Children's Education: Eligible to attend international schools in China
With a Grenada passport, children can attend international schools in China as foreign nationals. You can receive the most authentic international education without leaving the country.
6. Convenient for Obtaining Status for Family: One investment, four generations together
One investment, four generations together, obtaining Commonwealth citizenship. After the applicant obtains Grenadian status, they can add eligible dependents.
As one of the pioneers of Commonwealth passport programs, Worldway Group is one of the immigration agencies that introduced multiple Commonwealth fast-track passport programs (Citizenship by Investment Programs) to China early on. Worldway Group maintains good relationships with the governments of many Commonwealth countries. With 22 years of rich practical experience and the philosophy of "Integrity-based, Customer-first," we carefully select projects and provide professional services to clients, with successful cases all over the world!
• One of the immigration agencies that introduced multiple Commonwealth fast-track passport programs (Citizenship by Investment Programs) to China early on;
• Served as the global general agent for the investment passport program of the Commonwealth country of the Republic of Kiribati and a global first-tier agent for the citizenship by investment program of the Commonwealth country of the Republic of Nauru at the beginning of this century;
• One of the immigration agencies that introduced the Commonwealth of St. Kitts and Nevis Citizenship by Investment Program to China early on;
• The first to hold investment citizenship seminars featuring Commonwealth heads of state.
Dr. Winner Xing, Chairman of Worldway Group (first from right), Ms. Li Ma, Vice President of Worldway Group (second from right), and Ms. Tracy Sun, General Manager of Worldway Immigration Group Beijing Company (first from left), in a friendly meeting and photo session with Thomas Anthony, Director of the Grenada Citizenship by Investment Unit (second from left)
Asset allocation, identity first! For the Grenada Commonwealth passport program, choose Worldway Group! Consultation Hotline: 400-138-2929
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