Introduction
As one of the most sought-after passports, obtaining Grenadian citizenship and the associated passport can be a relatively quick and straightforward process. A Grenadian passport holder can enjoy visa-free travel to over 140 countries, including the UK, EU Schengen area, China, and Russia. In this article, we will explain the process of obtaining a Grenadian passport, including the eligibility criteria, application steps and timeline, and costs involved.
Eligibility Criteria
The primary way to obtain a Grenadian passport is through the country’s Citizenship by Investment Programme (CIP). The eligibility criteria for this programme are as follows:
Applicants must be at least 18 years old
Applicants must have a clean criminal record
Applicants must have a net worth of at least USD 2 million
Applicants must make a non-refundable donation to the National Transformation Fund (NTF) or invest in government-approved real estate projects. The minimum contribution for a single applicant is USD 150,000 for NTF donation or USD 350,000 for real estate investment.
Applicants must also undergo a comprehensive due diligence check, including a background check and a risk assesent by a government-approved agency.
Application Steps and Timeline
The application process for a Grenadian passport through the CIP involves the following steps:
Choose an authorized agent: Applicants must work with a government-approved agent to submit their application. These agents are responsible for guiding applicants through the process, assisting with documentation, and liaising with the government on their behalf.
Submit application: The agent will submit the application, including all necessary documentation, to the Grenadian government’s Citizenship by Investment Unit (CIU).
Due diligence and background check: The CIU will conduct a comprehensive due diligence and background check on the applicant.
Investment or donation: After the due diligence is completed, applicants must make the required investment or donation to the NTF.
Issue of approval in principle: If the application is approved, the CIU will issue an Approval in Principle certificate, which allows the applicant to proceed with the investment or donation.
Issuance of passport: After the investment or donation is made, the CIU will issue a Grenadian passport.
The entire process typically takes 3-4 months, although it can be expedited for an additional fee.
Costs Involved
The costs involved in obtaining a Grenadian passport through the CIP include the following:
Due diligence fees: USD 5,000 per applicant and USD 2,000 per dependent over 16
Government processing fees: USD 1,500 per applicant and USD 500 per dependent under 16
NTF donation: USD 150,000 for a single applicant or USD 200,000 for a family of up to four. Additional fees apply for larger families.
Real estate investment: The costs of real estate vary depending on the project and location. The minimum investment is USD 350,000.
Additional fees may apply for expedited processing, document translation, and legal fees.
Conclusion
The process of obtaining a Grenadian passport through the CIP can be a relatively straightforward and efficient process. Applicants must meet the eligibility criteria, work with a government-approved agent, undergo a due diligence check, and make the required investment or donation. While there are significant costs involved, Grenadian citizenship and the associated passport can offer a range of benefits, including visa-free travel to over 140 countries.
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