India Grenada Citizenship & Second Passport

India has available to them, the Grenada Citizenship by Investment programme.

Grenada, popularly known as the Spice Island of the Caribbean is a small island in the Caribbean that enjoys steady economic growth and political stability. The country offers a high standard of living for its citizens and has virtually no crimes. Grenada is a full member of the Commonwealth of Nations, the Caribbean Community, and Common Market (CARICOM), as well as the World Trade Organisation (WTO). The country had gained independence from the British in 1974.

For India, Grenada Citizenship is a path to USA residency through E-2 Investor Visa.

Update: Congress passed the James M. Inhofe National Defense Authorization Act for Fiscal Year 2023 (H.R. 7776/NDAA) on December 15, 2022.

Individuals who have obtained citizenship through financial investment must have been residing in that country continuously for at least 3 years before applying for an E Nonimmigrant Visa.

The residency requirement does not apply to individuals previously granted E nonimmigrant status. The changes will limit the use of “Citizenship by Investment” programs of countries, such as Grenada, that have allowed investors who obtain citizenship in a treaty visa country to secure E-2 Nonimmigrant Visas while waiting for an available immigrant visa.

Through this guide, we will help you learn more facts and information about the program and explain how to obtain citizenship via investment.

In India, Grenada Citizenship Requirements

What are the requirements to be eligible for Grenada Citizenship?

The Grenadian Citizenship through investment qualification requires you to meet certain conditions like buying a house. An applicant qualifies for Grenada citizenship if he/she is:

At least 18 yrs old
Contribution to Grenada – $150,000 (11M Indian Rupees) OR
Contribution for the Main applicant with up to 3 dependents – $200,000 (15M Indian Rupees) OR
Business or Real estate investment – Min. $220,000 (16M Indian Rupees)

All conditions above are required to be met. See more details of Grenada Citizenship Requirements.

The Grenada Citizenship through Investment Programme is available to India citizens. There is growing demand for the Grenada Citizenship among India nationals.

Grenada Second Passport with Investment

Below is a step-by-step procedure on how to obtain your second nationality through the Grenada Citizenship-by-Investment program:

We advise you to seek help from an authorized marketing agency. With the help of a local agent approved by the government, the agent can aid you in compiling documentation for filing to the Citizenship by Investment Committee (CBIC) at the Grenada Embassy. Occasionally, an investor aiming for Grenada Citizenship may be unable to get specific documents. In such instances, the petitioners may file a declaration giving an explanation as to why they are unable to supply the needed documentation.
Complete all application forms and documentation sent to you by your licensed marketing agent. Ascertain that all records are properly legalized in accordance with CBIC regulation.
The government branch evaluates each petition and does due diligence and performs background checks on every applicant.
Within 60 to 90 days of filing, your petition should be approved, and you will obtain a letter with detailed instructions for making your investment.
Think about whether you wish to invest your money in the National Transformation Fund (NTF) or real estate. An investor may select real estate from a government-approved list. Grenada provides investors with the opportunity to acquire a stake in homes or luxury hotel complexes. After 5 years, the property can be sold. In this situation, the cost of participation in the program will be equal to the registration cost. Don’t forget to produce a copy of your purchase receipt as proof and settle any Grenada CBI fees.

After receiving the payment receipt, the CBIC provides the certificate of registration. After that, the passport documents must be delivered to a local agent. Then, you will be granted citizenship of Grenada and will be eligible to receive a Grenadian passport.

What does a real estate investment do to an applicant aiming for Grenadian citizenship?

Grenada citizenship program through real estate investments grants full citizenship for life and can be passed to future generations by descent. Grenadian citizens will have full access to investment opportunities in the Caribbean. Fast Process for Economic citizenship in 2-3 Months.

India, How long does it take to get Grenada Citizenship by investment?

For an investor from India, the processing time for a Grenada Citizenship by Investment is between 2 to 3 months.

Application preparation time – 2 weeks
- Purchase Home – min. $220,000 (Indian Rupee 6M) OR
- Contribution $150,000 (Indian Rupee 4.1M)
Processing time – 2 months
Grenadian passport is issued

Know the status of your application and more details on the Grenada Citizenship Process Time.

India Grenada Citizenship Cost

Some of you are probably wondering what is the amount you have to invest to obtain Grenadian citizenship. In 2023, the minimum investment amount for Grenada Citizenship (passport) is typically over $220,000 (16M Indian Rupees) with one of the following options:

Purchase Home – min $220,000-$350,000 OR
Contribution – $150,000 single applicant OR $200,000 main applicant with up to 3 dependents and $25,000 for any additional dependent
Government Processing Fees – $12,000

The investment amount requires showing the necessary documents to prove the source of financing. In case you do not have enough investment funds, you might be wondering what can be a possible lawful alternative source of funds, right? Worry not for an investor may also apply for a loan as a source of funds in a financial institution for your investment. However, the loan’s collateral must be specified and it must be worth at least as much as the loan amount. EB-5 best practices advise the loan amount should not exceed 70% of the value of the collateral property.

All conditions above need to be met.

Reserve Bank of India (RBI) in its monetary policy review enhanced the remittance limit under Liberalised Remittance Scheme (LRS) to $250,000 per person per year.

Details of fees for Grenada Citizenship

Grenadian citizenship benefits for India

Access to U.S. E-2 Work Visa Advantage For Investors – Acquiring a US E-2 visa gives significant opportunities.
Fast Process – Citizenship in 3 months
Favorable Tax Regime – The meaning of this is that there are no taxes on income, capital gains, or inheritance anywhere in the world.
Visa Free travel to 142 countries including EU, Caribbean and Commonwealth Nations, Russia, and China
Fast-track Dual citizenship
Whole Family – The definition of “dependent” has been defined again. Dependent children, parents, and grandparents over the age of 55 can be included in the main applicant’s file. Plus, citizenship can be passed down.
Economy – Affordable
A Journey to Safety – a very safe place to live
No residency requirement in Grenada before, during, or after the application
World Class University for bright future for your children
Any knowledge of the language is not required for the Grenada passport.
A large number of international banks are available – With a Grenadian passport, investors can open accounts with EU banks to simplify foreign exchange transfers and maintain money in deposits.
Unrestricted right to travel, live and study in CARICOM.

Grenada Immigration from India

According to Grenadian nationality law, Grenada citizenship may be granted on the basis of a contribution to or Business and property investment in Grenada. The Grenada Citizenship by Investment Programme started in August 2013 by Act No. 15, 2013 or also known as the Grenada Citizenship by Investment Act. To preserve the integrity, value, and prestige of the Grenada Citizenship Programme, applicants have to adhere to the strict and straightforward protocols put up in this program.

Grenada Citizenship offers visa-free travel to more than 100 countries, including the European Schengen Area to the principal applicant and its family members. Before petitioning for Grenada citizenship, applicants do not need to have permanent residency.

EB5 BRICS can help you navigate the Grenadian Citizenship Program through our presence in India in conjunction with our Grenada Legal Partner. Our team speaks English, Hindi, Urdu, and Punjabi.

EB5 BRICS
Phone: +1 (213) 344-5941
E-mail: info@eb5brics.com

FAQs

For Indian citizen, Can my children join in the application?

Yes. Children up to 30 years of age (not including 30) may join at the time of processing. After receiving your citizenship, a new spouse, children under 16, and newborns may be added within 12 months.

For Indian citizen, how much times does it take to get Grenadian citizenship?

Grenadian passport can be granted within 3 months.

About India

Learn more

India, officially the Republic of India, is a country in South Asia. It is the seventh-largest country by area, the second-most populous country, and the most populous democracy in the world.

According to the International Monetary Fund (IMF), the Indian economy in 2020 was nominally worth $2.7 trillion; it is the sixth-largest economy by market exchange rates, and is around $8.9 trillion, the third-largest by purchasing power parity (PPP). With its average annual GDP growth rate of 5.8% over the past two decades, and reaching 6.1% during 2011–2012, India is one of the world’s fastest-growing economies. However, the country ranks 139th in the world in nominal GDP per capita and 118th in GDP per capita at PPP. Until 1991, all Indian governments followed protectionist policies that were influenced by socialist economics. Widespread state intervention and regulation largely walled the economy off from the outside world. An acute balance of payments crisis in 1991 forced the nation to liberalise its economy; since then it has moved slowly towards a free-market system by emphasising both foreign trade and direct investment inflows. India has been a member of WTO since 1 January 1995.

India’s telecommunication industry is the second-largest in the world with over 1.2 billion subscribers. It contributes 6.5% to India’s GDP. The Indian automotive industry, the world’s second-fastest growing, increased domestic sales by 26% during 2009–2010, and exports by 36% during 2008–2009. At the end of 2011, the Indian IT industry employed 2.8 million professionals, generated revenues close to US$100 billion equalling 7.5% of Indian GDP, and contributed 26% of India’s merchandise exports. The pharmaceutical industry in India emerged as a global player. As of 2021, with 3000 pharmaceutical companies and 10,500 manufacturing units India is the world’s third-largest pharmaceutical producer, largest producer of generic medicines and supply up to 50%—60% of global vaccines demand and India’s local pharmacutical market is estimated up to US$42 billion. India is among the top 12 biotech destinations in the world. The Indian biotech industry grew by 15.1% in 2012–2013, increasing its revenues from ₹204.4 billion (Indian rupees) to ₹235.24 billion (US$3.94 billion at June 2013 exchange rates).

With 1,210,193,422 residents reported in the 2011 provisional census report, India is the world’s second-most populous country. Its population grew by 17.64% from 2001 to 2011, compared to 21.54% growth in the previous decade (1991–2001). The human sex ratio, according to the 2011 census, is 940 females per 1,000 males. The median age was 28.7 as of 2020. The first post-colonial census, conducted in 1951, counted 361 million people. Medical advances made in the last 50 years as well as increased agricultural productivity brought about by the “Green Revolution” have caused India’s population to grow rapidly.

Source: Wikipedia

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Grenada Citizenship from India