Grenada Citizenship by Investment from South Africa
The Citizenship by Investment program in Grenada is one of the most celebrated throughout the world and highly coveted by investors from around the globe. While many people may seek citizenship in Grenada through standard immigration processes, which aren’t always successful and are time-consuming, investors have access to economic citizenship programs as a path to citizenship that provide greater advantages than the other routes.
Discover how Grenada citizenship benefits South African investors below.
Benefits of Grenadian Citizenship
Grenadian citizens enjoy a wide variety of advantages that South Africans can benefit immensely from through their investments beyond a leisure trip under the same protections as other citizens. Through Grenada’s Citizenship by Investment (CBI) program, an investor gains:
Visa-free travel to over 140 countries
Including the United Kingdom, the Schengen countries, and China.
Dual citizenship for life
The investor and their family are granted citizenship in Grenada that passes down through the generations, and includes unlimited dependents without being required to visit or reside in Grenada.
Grow your wealth
Investors can grow their wealth through their investment by benefiting from Grenada’s tax-efficient jurisdiction.
Investment Exit after 5 Years
The applicant can exit their investment after a 5-year holding period, without the loss of citizenship in Grenada
Why Visa-Free Travel Matters for South Africans
Whether traveling for leisure or to expand business interests, a visa can prevent both if your country doesn’t hold the right treaty with the nation you want to visit. Even then, different visas allow or ban specific activities a person can do while abroad. There are a lot of business immigration visa laws that have to be navigated in order to expand your business interests. Having citizenship in Grenada allows South African investors to overcome these barriers, partly because Grenada is a member of both the Commonwealth of Nations and the Caribbean Community (CARICOM).
By becoming a citizen of Grenada, you gain the same benefits as any citizen of the Commonwealth and CARICOM, including:
- Commonwealth citizens do not require visas to enter the United Kingdom and can spend as much as 6 months to a year there.
- Travel freely within the Caribbean region visa-free
- CARICOM allows indefinite periods of stay
- CARICOM permits citizens to work without permission and to set up their own business
Aside from these advantages, you still have visa-free travel to over 140 countries (including Schengen counties), providing access to business and educational opportunities for your family.
The Citizenship by Investment Application Process
The economic citizenship program in Grenada allows citizens of other nations to become a citizen by making an investment in a government-approved real estate development and fulfilling the program requirements. When compared to other routes to Grenada citizenship, it’s a simple and quick process, especially when aligned with an experienced CBI developer who has a productive relationship with Grenada’s government.
The steps to securing Grenada citizenship are:
1.
Sales & Purchase Agreement
Sign an agreement and submit your deposit (both the processing fees, due diligence, and other applicable fees must be paid at this stage)
2.
Prepare Documents
Prepare the documents for processing to submit to Grenada’s bank and the Citizenship by Investment Unit.
3.
CBI Due Diligence stage
The application due diligence process can take up to 4-5 months. Upon approval of citizenship, the main applicant pays the remaining balance and applicable Grenada government fees.
4.
Closing & Transfer of Passports
Proof of ownership will be submitted to the Grenada government, and you will receive your passports.
Grenada Citizenship Cost
The Citizenship by Investment process is simple, completed in four steps, and was designed with families in mind. There are associated costs and due diligence fees with the Citizenship by Investment program that are separate from the investment itself, which we’ve listed below:
For Family of 4
$299,880
// Total
Cost of share: $220,000
Government fees for the main applicant, a spouse, and 2 dependents: $50,000
Due Diligence fees: $10,000
Share registration fees: $6,000
Government processing fees: $4,000
Passport fees: $1,000
Oath of Allegiance: US $80
Terms and Conditions may apply.
Secure Grenada Citizenship from South Africa
Grenada’s Citizenship by Investment program is celebrated for the immense and unique array of benefits granted to investors. We at Range Developments have extensive experience guiding South Africans through the Grenada CBI process and are the leading CBI developer in the Caribbean. Our successful track record of luxury developments, such as the Six Senses La Sagesse in Grenada, has been a doorway to the many advantages of Grenadian citizenship.
Our second luxury resort, The InterContinental Grenada Resort, is underway and provides South African citizens the opportunity to gain citizenship in Grenada.
By choosing Range Developments as your partner in gaining the advantages of citizenship in Grenada, you will have aligned yourself with the leading and most successful Citizenship by Investment developer in the Caribbean. To begin the journey, please connect with one of our CBI representatives here:
Contact Range Developments – Your Path To Citizenship by Investment
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