Grenada’s CBI program achieved another annual high in 2021, with total overall revenues reaching US $104m, up by 11.5% from 2020.
There were 566 applications and 402 approvals, both are also new records.
There were 24 rejected cases, down from 35 in the previous year. Real Estate investment also had an all-time high at US $60m and remained the larger producer over the National Transformation Fund donation (NTF).
The Citizenship Unit (CIU) processed 140 applications in Q4, yet another high in 2021.
Grenada, like all the other Caribbean Citizenship By Investment (CBI) jurisdictions, last month stopped accepting applications from Russians and Belarusians. This will impact significantly on the program’s performance in 2022. However, with the CU’s apparent improvement and the country’s unique position having the E-2 visa treaty, Grenada’s CBI outlook remains positive.
The Benefits of Holding a US E-2 Investor Visa
Processing times are fast and E-2 investor visas are usually issued within 60 days of applying. This means that successful applicants can enter and be living in the US in next to no time.
Successful application means your spouse can also enter and work anywhere in the US. Your children under the age of 21 can go to public or private schools in the US and, in many states, are eligible for in-state university tuition.
You and your family members can spend as much or as little time in the US as you wish and you can choose whether or not to become a US taxpayer by deciding how many days you reside in the US.
Why the E-2 Visa is a Great Option
- Application directly to US Consulate.
- Spouse of E-2 principal can work.
- E-2 principal’s children under 21 can go to school (public or private) in the US and are eligible for in-state tuition.
- Processing time for E-2 visa is usually 2 months or less.
- E-2 principal and family members can spend as much or as little time in the US as they
- Applicants for E-2 visa may convert their status to an EB-5 (green card) provided the investment criteria are met.
How Do You obtain An E-2 Investor Visa
The E-2 Investor Visa is only available to citizens of countries that have a bilateral investor visa treaty with the USA.
Grenada is the only country in the world that has both a bilateral investment treaty with the USA and an active CBI program.
Grenada’s CBI program allows you to become a citizen of Grenada. Then, as a citizen, you can apply for an E-2 Investor Visa.
Successful applicants must invest in and own a minimum of 50% of an active business in the US. On approval they can enter and work in the US to manage their investment.
If granted, the E-2 Investor Visa is valid for five years and can be renewed as many times as you like, provided the underlying investment still qualifies.
Please Contact us if you have any questions or require further information relating to; the E-2 Visa, Citizenship program options available including a personal quotation sheet for individual or family applications.
The Overseas Investor can introduce you to our recommended Grenadian Lawyer who is a Licenced Local Agent for the Citizenship by Investment program for Grenada. We are also here to assist each client throughout the whole legal process.