Grenada Citizenship: A route to US residency
With the EB-5 immigrant Investor visa for the entry to the US getting expensive, many investors are considering the possibility to receive a green card after obtaining an E-2 treaty Investor visa, The E-2 visas to the US are issued to citizens of a country that have signed bilateral investment treaties with the US. Grenada being one of the treaty countries offers investors an excellent opportunity to live their American dream at a very cost-effective price.
E2 visa: what does it mean?
E2 visa can be issued to foreigners who want to invest in a business in the United States in exchange for a minimum investment of $150,000. Grenadian can apply for it and usually get it within 3 months. Investors can also apply for the green card if they have achieved a certain success in their business.
With the investment amount for EB-5 investor program has raised to $900,000 from $500,000 in a Targeted employment area and from $1 million to $1.8 million in the non-targeted employment area, this coupled with longer waiting time , it can be a sensible option to explore other options and look out for attractive alternatives like E2 visa through Grenada Citizenship by Investment program. The added advantage this option offers is that it allows the spouse of visa holder to work freely in the US and also covers dependents in the application. Shruti Sayed, operations manager at Fincasa capital said, she is seeing a lot of interest in this program among investors. “Fast processing time and attractive pricing are attributed to driving interest among investors.”
How can you obtain the citizenship of Grenada?
For being qualified for applying for Grenada citizenship, a person must be of major in age with no criminal records. With the COVID 19 crisis going on the program has started to accept online application through dropbox, it allows investors to apply for citizenship without the residency requirement. Grenada citizenship unit offers two investment options which are:
A contribution to the National Transformation Fund
- Starts from $150,000
Investment in an Approved Real Estate
- Starts From $220,000+ costs
The total cost of obtaining an E2 visa through the Grenada passport will be around $300,000 to $500,000.
Other Benefits of Grenada Citizenship by Investment Program
- Schengen mobility allowed.
- Dual Citizenship is allowed.
- Inclusion of spouse, dependent children up to the age of 30, a sibling (single, with no children) up to age 18 and dependent parents.
- No interview, education, or management experience required.
- Physical residency not required.
- Travel to Grenada during the application process not required.
- No tax on worldwide income.
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