Case Study: Grenada Citizenship in 2023

For those who want to obtain citizenship in one of the Caribbean countries, Grenada remains the only option in 2023: other "golden passport" issuance programs in the region have suspended the acceptance of Russian applications due to sanctions, while Grenadian citizenship remains available.

Investment Program Choice

This is the option Alexander chose, planning to obtain second citizenship for himself and his family (spouse, son, as well as elderly parents). Initially, he considered several options, including investments in European countries, but after consultations, he chose Grenada's passport. The following arguments were most important to him:

• In European countries, investments only grant residency with the prospect of citizenship after five to ten years, whereas in Grenada, investors immediately become citizens.
• No language exam or permanent residency in Grenada is required to obtain the passport.
• The investment amount (starting from $220,000 in the case of real estate purchase) fully satisfied Alexander, as it is lower than in several other investment programs.
• Real estate investments for citizenship allow the recouping of investments within five years, during which it acts as a source of additional income from rent.
• Becoming a tax resident of Grenada helps reduce tax expenses for both individuals and businesses.

Another significant advantage of choosing this citizenship for investment is the minimal probability of rejection. Since we work with this direction constantly, our specialists know all the intricacies of document preparation and application submission, as well as have accumulated extensive experience in interacting with Grenada's government agencies. Thus, for Alexander, who did not plan to permanently reside in a second citizenship country but wanted more opportunities for visa-free business trips and to ensure comfortable conditions for his family, Grenada became the optimal choice.

Cost of Citizenship Acquisition

To obtain Grenada's passport, it is not necessary to travel to this country, as we handle all documents remotely. Of the two existing investment options (non-refundable donation to the government fund and purchase of a share in a hotel), Alexander chose the latter. We found a suitable option - a share in an operating hotel complex at one of Grenada's resorts. Thus, to obtain a passport through investments, Alexander needed to pay:

• $220,000 investment in real estate;
• a government fee of $75,000 (since the application included four more people besides Alexander - a child, spouse, and two parents);
• application processing and submission fee (totaling $8,000);
• a fee for reliability check ($10,000).

Therefore, the client's expenses amounted to $93,000 in non-refundable costs and $220,000 in investments, which he could recover after five years. After preliminary checks and discussion of all details with Alexander, our lawyers prepared all the documents for application and submitted them to Grenada's citizenship department. The necessary documents included passports, documents confirming family ties, bank statements, and income information. The reliability check conducted by Grenada's citizenship department took about four months, during which no additional requests or clarifications were required. Four months later, the application was approved, and Alexander made investments in real estate. Four weeks later, he and his family received Grenada's passports. Thus, throughout the entire procedure, he did not have to spend time and money on trips to another country. Now, possessing a second citizenship, Alexander's family can visit over 140 countries visa-free and enjoy other described benefits. If you also dream of a second citizenship, contact us, and we will help make this dream come true.