Major news for Grenada's Citizenship by Investment policy! Worldway Group has learned that the Grenada Citizenship by Investment Amendment Act (CBI Amendment Act 3 of 2019) was recently passed by the Grenada Parliament and published for implementation in the Gazette (national legal notice) on May 24, 2019. Based on the changes, the Grenada government has further relaxed immigration and citizenship application requirements to attract more investors.
The latest policy changes for the Grenada Citizenship by Investment Program are as follows:
1. Removal of age restrictions for parents or grandparents applying;
2. Unmarried siblings of the main applicant and their spouse may now be included in the application;
3. Children aged 18-30 are no longer required to be enrolled in school or financially dependent on the main applicant;
4. It is officially confirmed that purchasing government-authorized real estate projects and holding them for 5 years allows for resale to subsequent investors, who may also apply for citizenship;
5. The permanent residence card requirement is removed, and other secondary identity documents may be used as substitutes;
6. Simplified application process for newborns, with the act directly stipulating that children born within 12 months after the main applicant or spouse obtains citizenship under the Citizenship by Investment Act may be included as dependents.
Worldway experts state that it is evident that while many countries around the world are tightening their immigration policies, Grenada is striving to enhance the "friendliness" of its Citizenship by Investment Program. By ensuring project compliance while lowering unnecessary barriers and implementing more favorable accompanying application conditions, the program allows qualified applicants to obtain citizenship, which is undoubtedly a major benefit for investors!
Following the implementation of this new policy, the Grenada Citizenship by Investment Program will better meet the needs of applicants and their accompanying family members, truly realizing four-generation immigration. At the same time, clarifying the policy that secondary buyers can also apply for citizenship by investment enhances the cost-effectiveness of the real estate investment route and ensures the continued liquidity of the properties purchased by applicants!
Meanwhile, Grenada is a U.S. treaty partner and the only country in the Caribbean whose citizens are eligible to apply for the U.S. E-2 visa. Obtaining citizenship through this fast-track program allows for an easy and quick path to the United States!
As is well known, 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" projects. Among these, 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), invest at least $350,000 in government-approved real estate, or invest at least $220,000 in government-approved tourism-related real estate projects under a shared ownership model 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 a citizenship by investment program that has a mutual visa-exemption agreement with China
Currently the only country in the Caribbean that can apply for the U.S. E-2 visa
Currently the only passport program in the Caribbean that allows siblings to accompany the applicant
Currently the only fast-track citizenship program in the Caribbean that has removed the enrollment requirement for adult children
Currently the only fast-track citizenship program in the Caribbean that has removed age restrictions for parents/grandparents
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 EU, Schengen countries, Singapore, South Korea, etc., for worry-free global travel.
2. Applying for the U.S. E-2 Visa: Opening a special channel to the United States
After obtaining a Grenada passport, investors can apply for the U.S. E-2 visa, which has no 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, or gift tax, and it is a non-global tax country.
4. Fast Processing: Simple application conditions and quick 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 return to China for further studies as international students and can easily enroll in top domestic universities, such as Tsinghua University, without taking written exams.
6. Convenient for Obtaining Status for Family: One investment, four generations included
One investment allows four generations to travel together and obtain Commonwealth citizenship. After the applicant obtains Grenada 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 maintains good relationships with many Commonwealth governments. With 22 years of rich practical experience and the philosophy of "Integrity-based, Customer-first," we carefully select projects and provide professional services to our 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 Republic of Kiribati and a global first-tier agent for the citizenship by investment program 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 Group's Beijing office (first from left), in a friendly meeting with Mr. 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! Consultation Hotline: 400-138-2929
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