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November 30, 2017

Grenada Citizenship via Investment Programme Announces New Incentives Regarding Dependants

Posted by:
Elevay Global

Obtaining a second citizenship is often an undertaking which opens up new horizons for the whole family.

The Grenada Citizenship by Investment Programme has two options that allow one to obtain citizenship in Grenada, and a Grenada passport, for a family of up to four—the first option includes making a non-refundable payment to the Grenada National Transformation Fund (NTF) of $200,000 USD; the second option includes making a minimum investment of $350,000 USD in an approved project, with government fees of $50,000 USD.

Now, Grenada has announced changes to incentivize family applications by lowering the minimum age of dependant parents and raising the maximum age of dependant children. The minimum age of dependant parents used to be 65 years old or older, but now it has been lowered to 55 years or older. Additionally, the age of dependant children has increased from twenty-six years old to thirty years old.

These new updates make Grenada one of the best programmes for families seeking to include younger parents in their application. Similarly, it is not typical of such programmes to offer families the opportunity to include children up to the age of thirty as dependants.

These changes come at a time when many such citizenship via investment programmes are updating their criteria in order to remain competitive in the global marketplace.

Those seeking more information about the Grenada Programme are encouraged to contact Elevay for a complimentary consultation.