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Grenada citizenship gives backdoor access to US under E2 treaty visa

Grenada citizenship by investment programme is a newly launched CIP program in the caribbean. It is possible to become a citizen of Grenada by paying $150,000 plus fees within 2-3 months as this scheme has the fastest processing times.

One of the very important key points that distinguishes Grenada from other citizenship programmes in the caribbean (Dominica, Antigua, St Kitts Nevis, St Lucia) is Grenada has signed E2 Investor Treaty with the US.

 

Grenada Citizenship by Investment Programme (CIP)

Grenada Citizenship by Investment Programme (CIP)

Now let us understand a bit about E2 Treaty with the United States.

The E-2 Treaty allows a national of a treaty country to be admitted to the United States (E2 visa) when investing a substantial amount of capital in a U.S. business of their choice. There is no minimum investment limit (it can be as low as $50,000). The business must be real business and does not enforce on having minimum number of employees. The E-2 treaty investor visa is generally a temporary residence permit that allows you to live in the United States as long as you are operating the business. You have to leave the US if the business fails. Some of the examples of business are

  • Large companies who establish manufacturing plants
  • Real estate investors
  • Small businessmen who purchase a franchise or small business
  • Retirees who use the Treaty Investor visa as a means of getting US status so they can retire in America

E2 Investor visa is a non-immigrant visa valid for a period of five years and can be renewed with 2 year extensions. Non-immigrant visa means you will not get  green card or citizenship in the US  under E2 status. Family members can qualify for E2 visa as well. This type of visa is great when you want to visit US anytime for business. You must hold Grenada passport to apply for this visa. It can be a joint venture partnership and you are allowed to work for the business you created.

E-2 visa holders may stay outside the U.S. for any amount of time, and still re-enter the U.S. with their valid visa. The processing time for E2 visa is 60 days (unlike 12-18 months for EB5)

E2 investor visa is not to be confused to EB5 investor visa, which requires investment of $500,000 fully gives immigrant status to permanently live in the US. IRS taxes on worldwide income for those who obtained  EB5 status.

Here are some differences between EB5 and E2 visas

 EB5 Investor visaE2  Investor Visa
  • Gives immigrant visa status in US
  • US permanent residence or Greencard
  • Path to US citizenship in 6 years
  • Must satisfy residency requirements living in the us
  • Processing time is 12-18 months
  • Requires minimum $500,000 business investment.
  • Must create atleast 10 full time jobs through employment of US citizens
  • Must pay US taxes on worldwide income.
  • Family members qualify
  • Offers Non-immigrant visa status in US
  • No permanent residence or green card
  • No path for US citizenship
  • No residency requirements. Enter and exit US anytime and can stay outside US indefinitely.
  • Processing time is only 60 days
  • No minimum investment ceiling. Investments in business can be as low as $50,000 or less
  • No requirement to employ or create jobs.
  • There are ways to avoid paying US taxes on worldwide income
  • Family members also qualify

The E2 has tax advantages. EB5 Green card holders pay tax US income tax on world wide income or they can loose their green card. This can be expensive for people with foreign sources of income. E2 visa holders have ways to avoid world wide taxation. Green card holders have no way out. For this reason many investors prefer the E2 visa to the green card.

The E-1(trade) and E-2 visa (investor) is a visa based on international Treaties with other countries below.

CountryClassificationEffective Date
AlbaniaE-2January 4, 1998
ArgentinaE-1October 20, 1994
ArgentinaE-2October 20, 1994
ArmeniaE-2March 29, 1996
AustraliaE-1December 16, 1991
AustraliaE-2December 27, 1991
AustriaE-1May 27, 1931
AustriaE-2May 27, 1931
AzerbaijanE-2August 2, 2001
BahrainE-2May 30, 2001
BangladeshE-2July 25, 1989
BelgiumE-1October 3, 1963
BelgiumE-2October 3, 1963
BoliviaE-1November 09, 1862
BoliviaE-2June 6, 2001
Bosnia and Herzegovina 11E-1November 15, 1882
Bosnia and Herzegovina 11E-2November 15, 1882
BruneiE-1July 11, 1853
BulgariaE-2June 2, 1994
CameroonE-2April 6, 1989
CanadaE-1January 1, 1993
CanadaE-2January 1, 1993
ChileE-1January 1, 2004
ChileE-2January 1, 2004
China (Taiwan) 1E-1November 30, 1948
China (Taiwan) 1E-2November 30, 1948
ColombiaE-1June 10, 1848
ColombiaE-2June 10, 1848
Congo (Brazzaville)E-2August 13, 1994
Congo (Kinshasa)E-2July 28, 1989
Costa RicaE-1May 26, 1852
Costa RicaE-2May 26, 1852
Croatia 11E-1November 15, 1882
Croatia 11E-2November 15, 1882
Czech Republic 2E-2January 1, 1993
Denmark 3E-1July 30, 1961
DenmarkE-2December 10, 2008
EcuadorE-2May 11, 1997
EgyptE-2June 27, 1992
EstoniaE-1May 22, 1926
EstoniaE-2February 16, 1997
EthiopiaE-1October 8, 1953
EthiopiaE-2October 8, 1953
FinlandE-1August 10, 1934
FinlandE-2December 1, 1992
France 4E-1December 21, 1960
France 4E-2December 21, 1960
GeorgiaE-2August 17, 1997
GermanyE-1July 14, 1956
GermanyE-2July 14, 1956
GreeceE-1October 13, 1954
GrenadaE-2March 3, 1989
HondurasE-1July 19, 1928
HondurasE-2July 19, 1928
IranE-1June 16, 1957
IranE-2June 16, 1957
IrelandE-1September 14, 1950
IrelandE-2November 18, 1992
IsraelE-1April 3, 1954
ItalyE-1July 26, 1949
ItalyE-2July 26, 1949
JamaicaE-2March 7, 1997
Japan 5E-1October 30, 1953
Japan 5E-2October 30, 1953
JordanE-1December 17, 2001
JordanE-2December 17, 2001
KazakhstanE-2January 12, 1994
Korea (South)E-1November 7, 1957
Korea (South)E-2November 7, 1957
Kosovo 11E-1November 15, 1882
Kosovo 11E-2November 15, 1882
KyrgyzstanE-2January 12, 1994
LatviaE-1July 25, 1928
LatviaE-2December 26, 1996
LiberiaE-1November 21, 1939
LiberiaE-2November 21, 1939
LithuaniaE-2November 22, 2001
LuxembourgE-1March 28, 1963
LuxembourgE-2March 28, 1963
Macedonia, the Former Yugoslav Republic of (FRY) 11E-1November 15, 1882
Macedonia, the Former Yugoslav Republic of (FRY) 11E-2November 15, 1882
MexicoE-1January 1, 1994
MexicoE-2January 1, 1994
MoldovaE-2November 25, 1994
MongoliaE-2January 1, 1997
Montenegro 11E-1November 15, 1882
Montenegro 11E-2November 15, 1882
MoroccoE-2May 29, 1991
Netherlands 6E-1December 5, 1957
Netherlands 6E-2December 5, 1957
Norway 7E-1January 18, 1928
Norway 7E-2January 18, 1928
OmanE-1June 11, 1960
OmanE-2June 11, 1960
PakistanE-1February 12, 1961
PakistanE-2February 12, 1961
PanamaE-2May 30, 1991
ParaguayE-1March 07, 1860
ParaguayE-2March 07, 1860
PhilippinesE-1September 6, 1955
PhilippinesE-2September 6, 1955
PolandE-1August 6, 1994
PolandE-2August 6, 1994
RomaniaE-2January 15, 1994
Serbia 11E-1November 15,1882
Serbia 11E-2November 15,1882
SenegalE-2October 25, 1990
SingaporeE-1January 1, 2004
SingaporeE-2January 1, 2004
Slovak Republic 2E-2January 1, 1993
Slovenia 11E-1November 15, 1882
Slovenia 11E-2November 15, 1882
Spain 8E-1April 14, 1903
Spain 8E-2April 14, 1903
Sri LankaE-2May 1, 1993
Suriname 9E-1February 10, 1963
Suriname 9E-2February 10, 1963
SwedenE-1February 20, 1992
SwedenE-2February 20, 1992
SwitzerlandE-1November 08, 1855
SwitzerlandE-2November 08, 1855
ThailandE-1June 8, 1968
ThailandE-2June 8, 1968
TogoE-1February 5, 1967
TogoE-2February 5, 1967
Trinidad & TobagoE-2December 26, 1996
TunisiaE-2February 7, 1993
TurkeyE-1February 15, 1933
TurkeyE-2May 18, 1990
UkraineE-2November 16, 1996
United Kingdom 10E-1July 03, 1815
United Kingdom 10E-2July 03, 1815
Yugoslavia 11E-1November 15, 1882
Yugoslavia 11E-2November 15, 1882

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