Grenada vs St Lucia – Citizenship by investment

Grenada and St Lucia are two new comers in the citizenship-by-investment industry. I will point out the main differences between the two citizenship by investment programmes which are currently running.  In my opinion,Grenada passport has more value but expensive, while St Lucia passport is much cheaper, almost half the price.

Grenada St Lucia Passports

Grenada

St Lucia

Economic Citizenship CIP started in  2013 2015
Citizenship Act Grenada Citizenship by Investment Act, 2013 Citizenship by Investment Act No. 14 of 2015
Minimum investment  US$ 200,000  US$ 100,000
National economic fund donation  

Single Applicant: $200,000

Main Applicant + Spouse: $200,000

Family of four family members: $200,000

Family over four family members:  $200,000$25,000 per additional dependant after the third dependant

 

1. Applicant applying alone: $100,000

2. Applicant applying with spouse: US$165,000

3. Applicant applying with spouse and up to two (2) other qualifying dependents: US$190,000

4, Each additional qualifying dependant, of any age: US$25,000

Passport validity  5 years
Processing time  3 months 3 months
Residency time none none
Dual citizenship Allowed Allowed
Personal visit  not required not required
 Visa free travel countries  121 **  125 **
Passport rank  39 **  37 **
 Real estate investment  $350,000 in approved approved properties qualify under CIP

USD 50,000 and USD 25,000 per additional dependant after the third dependant

 $300,000 in approved properties qualify under CIP

$50,000 administration fee applies

Government bonds  option not available  $500,000 (fully refunded after 5 years lockout period. Investor can keep his citizenship)

$50,000 administration fee applies for bonds

Business enterprise  option not available  $1,000,000 joint venture enterprise investment

$50,000 administration fees apply

 Additional fees  Application fee: $1,500 / person

Due diligence fee: $5,000 / person above 18 years ($2000 for children aged between 12-17 years)

Processing fee: $1,500 / person above 18 years ($500 under 18 years)

Processing fee: $2000 per person ($1000 per dependent)

Due diligence fees: $7,500 per person ($5000 over 16 years)

 E-2 Treaty  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). E2 treaty visa is a cheaper alternative to EB-5 green card.  not available
 Visa required *  United States, Canada, Australia (visitor e600 visa online), New Zealand, Russia, Thailand, UAE, Japan, South Africa  United States, Canada, Australia (visitor e600 visa online), New Zealand, Russia, China, Brazil, South Africa, Japan, UAE, Thailand
Visa not required * EU schengen states (incl Switzerland), United Kingdom, Singapore, Hong Kong, China, Brazil, Malaysia, Egypt, South Korea  EU Schengen states (including Switzerland), United Kingdom, Singapore, Hong Kong, Israel, Egypt, South Korea
Population  109,590  184,999
GDP $1.45 billion (2016)  $2 billion (2016)
Geography  Grenada is “Isle of Spice” known for jagged mountain peaks, hidden coves, spice plantations, and lush verdant rainforests. Its beaches are idyllic, with white or golden sand, palm trees, and the delicate aroma of the island’s native spices.  Saint Lucia known for  dramatically tapered mountains, coastline is home to volcanic beaches, reef-diving sites, luxury resorts and fishing villages. Trails in the interior rainforest lead to waterfalls like the 15m-high Toraille, which pours over a cliff into a garden. The capital, Castries, is a popular cruise port.

** * Sources:

  • * Wiki visa requirements
    https://en.wikipedia.org/wiki/Visa_requirements_for_Grenadian_citizens
    https://en.wikipedia.org/wiki/Visa_requirements_for_Saint_Lucian_citizens
  • ** Henley visa restrictions index 2016
    https://www.henleyglobal.com/international-visa-restrictions/

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Balakrishnan Prabhu

Mr. Balakrishnan Prabhu is the founder of Corpocrat magazine. He is also the founder of Best Citizenships (BC), assisting wealthy individuals with with global citizenship and residency programs in Europe. His other interests are Linux, Machine learning, Wordpress, etc. You can contact him here