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Residence by Investment in St. George's, Grenada allows individuals and their families to obtain permanent residence by making a qualifying investment in the country. This program provides an opportunity for foreign nationals to live, work, and study in Grenada while enjoying the benefits of a tropical paradise.
There are several situations where individuals may require legal assistance in Residence by Investment, including reviewing investment options, ensuring compliance with local laws and regulations, preparing documentation, handling applications, and resolving any legal issues that may arise during the process.
Key aspects of local laws that are relevant to Residence by Investment in St. George's, Grenada include the Investment Guidelines issued by the Grenada Citizenship by Investment Committee, the Citizenship by Investment Act, and the Immigration and Passport Act. These laws outline the criteria for qualifying investments, the application process, and the rights and obligations of residence permit holders.
The minimum investment required is $220,000 for the Real Estate Option or $150,000 for the National Transformation Fund Option.
It typically takes 3-6 months to obtain permanent residence in Grenada through the program.
Yes, the program allows for the inclusion of spouses, children, dependent parents, and dependent siblings in the main applicant's application.
Permanent residence in Grenada allows for visa-free travel to over 140 countries, the right to reside, work, and study in the country, and access to healthcare and education facilities.
Investments in real estate, approved enterprise projects, or the National Transformation Fund are all eligible for the Residence by Investment program.
Residents of Grenada are subject to income tax on their worldwide income, but there are no capital gains, inheritance, or gift taxes in the country.
Yes, permanent residents can apply for citizenship in Grenada after meeting the residency requirements and fulfilling the criteria set out by the Citizenship by Investment Committee.
While not mandatory, hiring a lawyer can help navigate the complexities of the application process, ensure compliance with local laws, and expedite the approval of the residency permit.
The application process involves selecting an investment option, preparing and submitting the application, undergoing due diligence checks, and obtaining approval from the Grenada Citizenship by Investment Committee.
You can seek recommendations from local law firms, consult online legal directories, or contact the Grenada Bar Association for a list of qualified lawyers specializing in Residence by Investment law.
For more information on Residence by Investment in St. George's, Grenada, you may refer to the official website of the Grenada Citizenship by Investment Committee or contact the Grenada Bar Association for legal guidance and support.
If you require legal assistance in Residence by Investment in St. George's, Grenada, it is advisable to consult with a qualified lawyer specializing in immigration and investment law to guide you through the application process and ensure a smooth transition to permanent residence in the country.
