Recent Updates of Grenada Citizenship by Investment Act
GRENADA CITIZENSHIP BY INVESTMENT ACT
The Grenada government has recently introduced some changes in the Grenada Citizenship by Investment Act No. 15 of 2013, now it is even more benefits to investor applicants to choose Grenada Citizenship by Investor Program. These changes are in addition to the changes that the government has announced in the recent past.
CHILD AGE LIMIT
There is no longer a requirement to obtain permanent residency prior to gain a citizenship
The age limit for child dependents has been increased from 26 to 30 years
There is no requirement for child dependents to be enrolled in an educational institution
There are no age restrictions for parents & grandparents to qualify for citizenship
It is not requirement to the dependent parents & grandparents to live with the main applicant
Now even unmarried siblings with no children above the age of 18 years qualify as dependents of the main applicant
NEW BORN CHILD
A child born of the main applicant within 12 months of grant of citizenship can also qualify as a dependent of the main applicant, and hence will be eligible for citizenship
The approved investment in real estate made to gain citizenship has to now be retained for at least 5 years from the date of grant of citizenship
If you have gained Grenada Citizenship through real estate investment, you are now able to sell your real estate to new citizenship applicants, after holding it for 5 years
Interested in more detailed information about Grenada into the investor’s goal?
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