The Citizenship by Investment programs in Dominica and Grenada both provide enormous advantages to those who successfully apply for them and are celebrated throughout the world for the immense benefits they offer. Deciding which program to apply for can be a struggle for applicants, comparing and debating which of the citizenship benefits would best fit their goals and lifestyle. To help guide investors to choose the right economic citizenship program, read below and see how the programs in Grenada and Dominica compare.
Grenada Citizenship by Investment Overview
Grenada’s CBI program is one of the most popular among investors, though one of the newest additions to global CBI programs. Grenada citizenship offers a wide range of benefits for applicants that can translate into immense business opportunities while also providing a key component in investment portfolios. The Citizenship by Investment program allows investors from other nations to gain citizenship in Grenada by making an investment in a government-approved real estate development and fulfilling the application requirements .
The Grenada Citizenship by Investment process is completed in four simple steps:
- Sales & Purchase agreement: sign an agreement and submit your deposit
- Application & Fees: both the processing fees, due diligence, and other applicable fees must be paid at this stage.
- Processing & Payment: the application process can take up to 120 days. Upon approval of citizenship, the main applicant then pays the remaining balance and applicable Grenada government fees.
- Closing & Transfer of Passports: proof of ownership will be submitted to the Grenada government, and you will receive your passports.
The requirements to successfully apply for Grenadian citizenship include:
- The main applicant must be 18 years old or older.
- The main applicant must prove that they have enough funds to make the required investment and prove the legal source of these funds.
- The main applicant and dependents do not suffer from contagious diseases and/or serious health problems.
- Not to have been convicted in any country of an offense, with a custodial penalty of more than six months imprisonment, unless he or she has received a free pardon.
- Not to be the subject of a criminal investigation.
- Not to be considered a potential national security risk.
- Not to be involved in any activity likely to cause disrepute to Granada.
- Not to have been denied a visa to a country with which Grenada has visa-free access.
Dominica Citizenship by Investment Overview
Dominica’s CBI program was established in 1993 and has since become a highly coveted economic citizenship to have. Dominica provides investors with an array of benefits that can be used to further business goals and better the main applicant’s family. The Citizenship by Investment program allows investors from other nations to gain citizenship in Dominica by making an investment in a government-approved real estate development and fulfilling the application requirements.
The Dominica Citizenship by Investment process is completed in four simple steps:
- Sales & Purchase agreement: sign an agreement and submit your deposit
- Application & Fees: both the processing fees, due diligence, and other applicable fees must be paid at this stage.
- Processing & Payment: The application process can take up to 120 days. The main applicant or investor then pays the remaining balance of USD 198,000 and applicable Dominica government fees.
- Closing & Transfer of Passports: Proof of ownership will be submitted to the Dominica government and you will receive your passport.
The requirements to successfully apply for Dominica citizenship include:
- The main applicant must be 18 years old or older
- Not to have been convicted in any country of an offense and provide evidence of such
- Not to be the subject of a criminal investigation.
- Not to have been denied a visa to a country with which Dominica has visa-free access.
- The main applicant must prove that they have enough funds to make the required investment and prove the legal source of these funds.
- Providing other documentation such as employment and business documents, ID, and proof of address
Benefits of Dominica and Grenada Citizenship
Both Dominica and Grenada’s Citizenship by Investment programs offer benefits that provide enormous opportunities to investors and their families:
Dominica CBI Benefits
- Visa-free travel to over 120 different countries.
- The main applicant can include an unlimited number of eligible dependents, passed down to generations without being required to visit or reside on the island.
- The applicants benefit from this tax-efficient jurisdiction by having the opportunity to grow their wealth through their investments.
- Dual citizenship is allowed
- No minimum stay is required for citizenship.
Grenada CBI Benefits
- Visa-free travel to over 140 countries, including the Schengen countries, China, and the United Kingdom.
- Citizenship for life for the applicant making the investment and their family, as well as future generations.
- Efficient taxation allows the investor to grow their wealth through the investment they’ve made.
- Dual citizenship is allowed
- No minimum stay is required to gain citizenship.
Cost of Both Investment Programs
As both programs are designed around investments that benefit the citizens of Grenada and Dominica, each has its associated costs that reflect a family of four on the application:
The Cost of Grenada’s CBI
- Cost of share: USD 220,000
- Government fees for the main applicant, a spouse, and 2 dependents: USD 50,000
- Due Diligence fees: USD 10,000
- Application fees: USD 6,000
- Processing fees: USD 4,000
- Share registration fees: USD 8,800
- Passport fees: USD 1,000
- Oath of Allegiance: USD 80
- Total cost: USD 299,880
The Cost of Dominica’s CBI
- Cost of share: $220,000
- Government fees for the main applicant, a spouse, and 2 dependents: $35,000
- Due Diligence fees: $11,500
- Share registration fees: $8,800
- Government processing fees: $1,000
- Certificate of Naturalization, including stamp fees: $1,000
- Total cost: $277,300
Economic Citizenship Investment Options with Range Developments
Range Developments has extensive experience guiding investors through the Citizenship by Investment programs in both Dominica and Grenada. We hold productive relationships with the governments of both nations, making us an essential partner in steering applicants toward citizenship via investment options in our award-winning luxury developments:
Port Cabrits, Dominica From Range Developments
The InterContinental Grenada Resort
If you have any questions or concerns, we encourage you to speak with one of our CBI representatives by using the button below.