Dubai UAE Grenada Citizenship & Second Passport

Dubai UAE 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 Dubai UAE, 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 Dubai UAE, 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 (551K Emirati Dirhams) OR
Contribution for the Main applicant with up to 3 dependents – $200,000 (735K Emirati Dirhams) OR
Business or Real estate investment – Min. $220,000 (808K Emirati Dirhams)

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

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

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

For an investor from Dubai UAE, 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 (808K Emirati Dirhams) OR
- Contribution $150,000 (551K Emirati Dirhams)
Processing time – 2 months
Grenadian passport is issued

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

Dubai UAE 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 (808K Emirati Dirhams) 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. Details of fees for Grenada Citizenship

The Central Bank of the United Arab Emirates is the regulatory body that has the framework and monetary policy for moving assets and money outside of UAE and Dubai.

Grenadian citizenship benefits for Dubai UAE

Access to the United States E-2 Investor Visa Programme
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 Dubai UAE

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. According to Grenadian nationality law, Grenada citizenship may be granted on the basis of a contribution to or Business and property investment in Grenada. Before petitioning for Grenada citizenship, applicants do not need to have permanent residency. Moreover, 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.

EB5 BRICS can help you navigate the Grenadian Citizenship Program through our presence in Dubai UAE 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 Emirati 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 Emirati citizen, how much times does it take to get Grenadian citizenship?

Grenadian passport can be granted within 3 months.

About Dubai UAE

Learn more

Dubai is the most populous city in the United Arab Emirates (UAE) and the capital of the Emirate of Dubai. Established in the 18th century as a small fishing village, the city grew rapidly in the early 21st century into a cosmopolitan metropolis with a focus on tourism and hospitality. Dubai is one of the world’s most popular tourist destinations. It has the second most five-star hotels in the world and the tallest building in the world, the Burj Khalifa.

Located in the eastern part of the Arabian Peninsula on the coast of the Persian Gulf, Dubai aims to be the business hub of Western Asia. It is also a major global transport hub for passengers and cargo. Oil revenue helped accelerate the development of the city, which was already a major mercantile hub. A centre for regional and international trade since the early 20th century, Dubai’s economy relies on revenues from trade, tourism, aviation, real estate, and financial services. Oil production contributed less than 1 percent of the emirate’s GDP in 2018. According to government data, the population of Dubai is estimated at around 2,921,376 as of 2021.

One of the world’s fastest growing economies, Dubai’s gross domestic product is projected at US$107.1 billion, with a growth rate of 6.1% in 2014. Although a number of core elements of Dubai’s trading infrastructure were built on the back of the oil industry, revenues from oil and natural gas account for less than 5% of the emirate’s revenues. It is estimated that Dubai produces 50,000 to 70,000 barrels (7,900 to 11,100 m3) of oil a day and substantial quantities of gas from offshore fields. The emirate’s share in the UAE’s total gas revenues is about 2%. Dubai’s oil reserves have diminished significantly and are expected to be exhausted in 20 years. Real estate and construction (22.6%), trade (16%), entrepôt (15%) and financial services (11%) are the largest contributors to Dubai’s economy.

Dubai has a rich collection of buildings and structures of various architectural styles. Many modern interpretations of Islamic architecture can be found here, due to a boom in construction and architectural innovation in the Arab World in general, and in Dubai in particular, supported not only by top Arab or international architectural and engineering design firms such as Al Hashemi and Aedas. As a result of this boom, modern Islamic – and world – architecture has literally been taken to new levels in skyscraper building design and technology. Dubai now has more completed or topped-out skyscrapers higher than 2⁄3 km (2,200 ft), 1⁄3 km (1,100 ft), or 1⁄4 km (820 ft) than any other city. A culmination point was reached in 2010 with the completion of the Burj Khalifa (Khalifa Tower), now by far the world’s tallest building at 829.8 m (2,722 ft). The Burj Khalifa’s design is derived from the patterning systems embodied in Islamic architecture, with the triple-lobed footprint of the building based on an abstracted version of the desert flower hymenocallis which is native to the Dubai region.

Source: Wikipedia

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Grenada Citizenship from Dubai UAE