WHY CHOOSE THE GRENADA CBI PROGRAM?
While many foreign investors are eligible for an E-2 nonimmigrant visa, which allows an investor to seek a temporary visa based on their substantial investment, not all investors are citizens of an eligible country. The E-2 visa category is limited to those with nationalities whose countries have treaties of bilateral investment with the United States. For example, while some citizens in the continent of South America such as Colombia, Argentina or Chile may be eligible to apply for the E-2, citizens of countries such as Brazil, Peru or Uruguay cannot. Through the Citizenship By Investment Program (CBI) in Grenada, a person can become a citizen of Grenada and then seek an E-2 visa as one of its benefits.
The Citizenship-By-Investment Program
Created in 2013 by the country’s parliament, the Grenada Citizenship-by-Investment Program was set up to “enable persons to acquire permanent residence and citizenship of Grenada by registration following investment in Grenada.” Two types of investments were established by law to obtain citizenship or permanent residence:
1. Applicants must make “a payment into the National Transformation Fund, which is currently a minimum non-refundable contribution of $150,000 for single applicants;” or
2. They must invest in an “approved project in Grenada” based on a purchase of at least $220,000 of real estate, as well as a minimum non-refundable contribution of $50,000.
The Country
Grenada is a Caribbean country located in the West Indies, featuring its island, as well as smaller surrounding islands. Referred to as the “Spice Isle,” the hilly main island is home to many nutmeg plantations. The capital, St. George’s, is located on the main island, where you will find colorful homes, Georgian buildings, and not-to-mention the early-18th-century landmark, Fort George, which overlooks Carenage Harbour.
Pristine and exotic, visitors to the islands are wowed with its dreamlike beaches, mountain peaks, coves, and lush rainforests. In addition to its sparkling views, Grenada offers cultural experiences, fun, and friendliness typical of the authentic Caribbean life – making Grenada the perfect place in which to live, work and play.
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