The citizenship by investment program of Grenada has expanded the criteria of eligible family members that can be included as dependents within a single application.
The changes have now come into effect after being officially gazetted and include:
- Siblings of the main applicant (and the spouse of the main applicant) who are not married and do not have any children can be included as dependents of the main applicant.
- Parent dependents will not be required to prove financial dependency on the main applicant to be included.
- Eligible child dependents over the age of 18 will not be required to be enrolled in college or university to be included.
Another key change to the Grenada citizenship by investment program is the announcement that citizenship investors will be able to resell their units after the holding period and the secondary purchaser will also be eligible to obtain citizenship by investment, provided he/she fulfills all applicable regulatory requirements, and subject to the payment of the minimum investment amount plus the required government contribution.
This last change puts Grenada in line with other countries such as Dominica and St Kitts and Nevis offering easy and streamlined routes to acquiring citizenship by investment within 3-6 months. The resale of real estate to new citizenship investors is a feature that is positively viewed by large families who may wish to retain the asset within the extended family while availing of the many benefits of second citizenship.
For more information regarding the Grenada citizenship by investment program, please visit: https://passpro.co/en/countries/grenada-citizenship-by-investment/
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