EXPANDING YOUR FREEDOM GRENADA CITIZENSHIP BY INVESTMENT PROGRAMME COUNTRY SUMMARY

Transcription

1 GRENADA CITIZENSHIP BY INVESTMENT PROGRAMME COUNTRY SUMMARY last updated in December 2017

2 The Grenada Citizenship by Investment program from Elevay offers investors an opportunity that is one of the best in the Caribbean. With processing times as little as 4 months, investors and their families can obtain Grenada citizenship, an excellent investment with ROI potential, and visa-free and visa-on-arrival travel to 143 countries almost immediately. TIME TO CITIZENSHIP 4 Months * RESIDENCY REQUIREMENT None VISA-FREE & VISA-ON-ARRIVAL 143 Countries DUAL CITIZENSHIP Permitted ELIGIBILITY All Nationalities FAMILY Spouse, dependent children under 30 years of age and dependent parents over 55 years of age TAX CONSEQUENCES Grenada has no foreign income, wealth, gift, inheritance, or capital gains tax * In certain circumstances processing has been longer than the 4 months due to additional requirements for due dilligence.

3 DUAL CITIZENSHIP Dual citizenship offers an effective tool for international tax planning and provides financial privacy for banking and investment. It improves personal security, enables freedom of movement and allows access to the best healthcare and education opportunities. GRENADA CITIZENSHIP BY INVESTMENT Grenada s Citizenship by Investment Program allows individuals and their families to obtain citizenship by registration following an investment in an approved project in Grenada. The Citizenship by Investment Program came into being in August 2013, when the Grenadian Parliament passed Act No. 15 of 2013, otherwise referred to as the Grenada Citizenship by Investment Act, Applicants must apply through licensed agents, and may not make submissions to the Government on their own behalf. KEY MOTIVATORS International Mobility Lifestyle Benefits Healthcare & Education Taxation & Succession Planning Investment Opportunities Enhanced Financial Freedom INVESTMENT CRITERIA The Grenada Citizenship by Investment program allows foreign individuals to obtain citizenship & passport through a secure property investment. The financial criteria is as follows: OPTION 1 NATIONAL TRANSFORMATION FUND (NTF) Minimum Investment - $150,000 USD This option involves making a non-refundable payment to Grenada National Transformation Fund (NTF). The applicant must deposit a total of $150,000 into the NTF for a single applicant or $200,000 for a family of up to four persons. OPTION 2 APPROVED REAL ESTATE PROJECT Minimum Investment - $350,000 USD A minimum investment of $350,000 USD is required into one of the GCBI approved projects. In addition, there is a $50,000 government fee for a family of up to four persons. Additional dependents can be included for an added fee. ELEVAY CITIZENSHIP + RESIDENCY PLANNING GRENADA CITIZENSHIP BY INVESTMENT UPDATED DECEMBER 2017 PAGE 3

4 BENEFITS OF THE PROGRAM BENEFITS OF GRENADA CITIZENSHIP Passports issued in as little as 4 months. No physical residency requirement. Unrestricted right to live, work, travel and study anywhere in the Caribbean Community (CARICOM). Passports issued to the investor, their spouse and dependent children under 30 and dependent parents over age 55. Visa-free and visa-on-arrival travel to 143 countries including the UK and all other members of the EU. Grenada allows dual citizenship. All nationalities eligible. No language, interview, education or management requirements. Lower required investment and minimal processing fees make it one of the most affordable programs in the world. Grenada has no foreign income, wealth, gift, inheritance, or capital gains tax. Grenada offers an incredible range of attractions for both the visitor and resident. Because of its warm Caribbean climate, a variety of outdoor activites are available for both adventure and relaxation. Grenadian citizens are eligible for a US E2 visa to start a business in the United States. INVESTMENT REQUIREMENTS 1. The investment in real estate must be maintained for at least three years following the grant of citizenship. 2. Applicants must hold a clean criminal record from the country of origin. They must not be involved in any activity likely to cause disrepute to Grenada or have been previously denied a visa to a country with which Grenada has visafree travel. 3. Any applicant who has been denied Citizenship by Investment in another Caribbean jurisdiction will not be approved for permanent residence or citizenship under the Grenada CBI programme. ELEVAY CITIZENSHIP + RESIDENCY PLANNING GRENADA CITIZENSHIP BY INVESTMENT UPDATED DECEMBER 2017 PAGE 4

5 VISA-FREE & VISA-ON-ARRIVAL TRAVEL TO 143 COUNTRIES AND TERRITORIES AMERICAS Anguilla Antigua and Barbuda Argentina Aruba Bahamas Barbados Belize Bermuda Bolivia* Brazil British Virign Islands Cayman Islands Chile Colombia Costa Rica Cuba Curacao Dominica Dominican Republic Ecuador Guadaloupe Guyana Haiti Jamaica Margarita Island Martinique Montserrat Netherlands Antilles Nicaragua* Panama Peru Saint Kitts And Nevis Saint Lucia Saint Vincent and the Grenadines Sint Maarten Suriname Trinidad And Tobago Turks & Caicos Islands Uruguay Venezuela AFRICA Botswana Cape Verde* Comoros* Cote d Ivoire* Djbouti* Egypt* Gambia Guinea-Bissau * Kenya Lesotho Madagascar* Malawi Mauritania* Mauritius Mozambique* Senegal Seychelles Swaziland Tanzania Togo* Uganda Zambia Zimbabwe ASIA Armenia* Bangladesh Cambodia* China Hong Kong India** Indonesia Iran* Israel Jordan* Laos* Macao Malaysia Maldives* Nepal* Palestinian Territories Philippines Russia Sabah & Sarawak Singapore South Korea Sri Lanka** Thailand Timor-leste* EUROPE Andorra Austria Belgium Bulgaria Croatia Cyprus Czech Republic Denmark Estonia Faroe Islands Finland France Germany Gibraltar Greece Greenland Guernsey Hungary Iceland Ireland Isle of Man Italy Jersey Kosovo Latvia Liechtenstein Lithuania Luxembourg Malta Monaco Montenegro Netherlands Norway Poland Portugal Romania San Marino Slovakia Slovenia Spain Sweden Switzerland Turkey** Ukraine** United Kingdom Vatican City OCEANIA Cook Islands Fiji Kiribati Micronesia Palau* Pitcairn Islands Samoa* Solomon Islands* Tuvalu* Vanuatu The Grenadian passport is ranked 33rd in the world *** Visa-free travel to Schengen, Commonwealth of Nations and CARICOM. * Visa on Arrival ** E-Visa Required *** Ranking based on Arton Passport Index. ELEVAY CITIZENSHIP + RESIDENCY PLANNING GRENADA CITIZENSHIP BY INVESTMENT UPDATED DECEMBER 2017 PAGE 5

6 The Grenada citizenship program offers one of the most affordable and efficient options available for obtaining a second passport. In addition, the real estate investment offered by Elevay provides ROI potential. OPTION 1 THIS OPTION INVOLVES MAKING A NON-REFUNDABLE PAYMENT OF $150,000 USD TO THE GRENADA NATIONAL TRANSFORMATION FUND FOR A SINGLE APPLICANT OR $200,000 FOR A FAMILY OF 4 APPLICATION FEES (IN USD) GOVERNMENT FEE: $25,000 for each additional dependent child under30 or dependent parent over 55 years of age. PROCESSING AND APPLICATION FEES $1,500 per person application fee $1,500 processing fee for each person, except dependent children 16 and under, which are $500 each. $5,000 escrow account agent fee. $1,000 per person Permanent Resident fee (optional). $375 per person Passport Fee $20 per person Oath of Allegiance Fee 1% bank fee. DUE DILIGENCE FEE Main applicant $5,000 Spouse $5,000 Dependents 0-16 $0 Dependents $5,000 each Dependent parents 55+ $5,000 PROFESSIONAL FEE Provided upon request ELEVAY CITIZENSHIP + RESIDENCY PLANNING GRENADA CITIZENSHIP BY INVESTMENT UPDATED DECEMBER 2017 PAGE 6

7 OPTION 2 THIS OPTION INVOLVES INVESTING IN A GRENADA GOVERNMENT APPROVED REAL ESTATE PROJECT ADDITIONAL DEPENDENTS: If there are additional dependents beyond the family of four, applicants will be charged the following fees for each dependent: Payment depends on the property value with a minimum investment of $350,000 USD: As an approved project by the Grenadian Government, The Point at Petite Calivigny is more than just an incredible real estate investment you will also receive Grenadian citizenship for you and your family. Through a partnership with the developer, Elevay has negotiated the price of $400,000 all fees included for a family of four. BREAKDOWN OF COSTS FOR FAMILY OF FOUR: Real Estate Investment $350,000 Government Fee $50,000 TOTAL - FAMILY OF FOUR $400,000 PROCESSING AND APPLICATION FEES $1,500 per person Application Fee - INCLUDED $1,500 per person Processing Fee except dependent children aged 16 and under, which are $500 each - INCLUDED $5,000 Escrow Agent Fee - INCLUDED $375 Passport Fee - INCLUDED $20 per person Oath of Allegiance Fee - INCLUDED 1% Bank Fee - INCLUDED GOVERNMENT FEES $25,000 for each additional dependent child under 30 or dependent parent over 55 years of age. PROCESSING AND APPLICATION FEES $1,500 per person Application Fee $1,500 per person Processing Fee except dependent children aged 16 and under, which are $500 each $1,000 per person Permanent Resident Fee $375 per person Passport Fee $20 per person Oath of Allegiance Fee 1% Bank Fee DUE DILIGENCE FEE Dependents $5,000 Dependent parents 55+ $5,000 PROFESSIONAL FEES $5,000 DUE DILIGENCE FEE Main applicant $5,000 - INCLUDED Spouse $5,000 - INCLUDED Dependents 0-16 $0 Dependents $5,000 - INCLUDED Dependent parents 55+ $5,000 - INCLUDED All application fees by the Grenadian government and ELEVAY are subject to change. These fees depend on the number of applicants and the complexity of the process. ELEVAY CITIZENSHIP + RESIDENCY PLANNING GRENADA CITIZENSHIP BY INVESTMENT UPDATED DECEMBER 2017 PAGE 7

8 GRENADA EXPANDING YOUR FREEDOM LOCATION: Eastern Caribbean CAPITAL CITY: Saint George s ABOUT GRENADA Grenada, known as the Isle of Spice, is one of the most magnificent islands in the West Indies. Unspoilt and exotic, it astounds visitors with its wildly 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. In addition to its scenery, Grenada offers culture, fun, and friendliness typical of the authentic Caribbean life making Grenada the perfect place in which to live, work and play. Grenada s proximity to the Equator ensures a year-round tropical climate, with average temperatures ranging between 23 and 28 C. Its cooling trade winds offer very comfortable conditions. TOTAL AREA: 344km 2 TIME DIFFERENCE: UTC-4 LANGUAGE: English (official), French Patois RELIGION Roman Catholic: 53% Anglican: 13.8% Other Protestant: 33.2% GOVERNMENT TYPE: Parliamentary Democracy GRENADA GLOBAL RANKING Rank 5 - UNDP Human Development Index (CARICOM Countries) Rank 74 - UNDP Human Development Indicators (World) Rank 33 - Passport Power Index INTERNATIONAL MEMBERSHIPS World Trade Organization (WTO) Caribbean Community and Common Market (CARICOM) The Commonwealth of Nations The United Nations (UN) and its Specialised Agencies World Health Organization The International Monetary Fund (IMF) CURRENCY: Eastern Caribbean Dollars (XCD), pegged to USD EXCHANGE RATE: 1 USD = 2.70 XCD GDP (PER CAPITA): $13,800 USD POPULATION: 110,152 AGE STRUCTURE 0-14yr:24.5%, 15-24yr:16.5%, 25-54yr:40.3% 55-64yr:9.2%, 65yr+:9.2% ELEVAY CITIZENSHIP + RESIDENCY PLANNING GRENADA CITIZENSHIP BY INVESTMENT UPDATED DECEMBER 2017 PAGE 8

9 ECONOMY In the last twenty years, Grenada s economy has shifted from agriculture to the provision of services. Its largest exports include nutmeg, of which Grenada is the world s second-largest producer, cocoa beans, fish, and wheat flours. Core export destinations include the United States, Switzerland, Germany, the Netherlands, and Canada. optometrists are readily available. The Government of Grenada owns four hospitals: General Hospital, located in St George s, Princess Alice Hospital, located in the parish of St Andrew s, Princess Royal Hospital, located in Carriacou, and Mt. Gay Hospital, also located in St George s. There are three privately owned hospitals, all of which are located in St George s. Grenada s tourism sector is greatly expanding, with the island continuing to take more and more shares of the market for Caribbean tourism. Much of this expansion is due to foreign direct investment, as foreign businesspersons choose to invest in Grenada s growing popularity with visitors and leisure travellers. The nation relies heavily on tourism to earn foreign currency. CURRENCY, BANKS & TAXATION Grenada has a highly regulated, mature and stable financial sector. Grenada has sevent banks including Scotia Bank and Royal Bank of Canada. It offers a safe place to deposit funds with attractive interest rates. There are neither exhange controls nor restriction on the inward or outward transfer of US dollars. All investments are made and profits / capital gains are realized in US dollars. In addition, Grenada has no income, capital gains nor inheritance tax. INFORMATION & COMMUNICATION TECHNOLOGIES The telecommunications system in Grenada, Carriacou, and Petite Martinique is state-of-the-art, with inhabitants being able to enjoy fast internet, mobile services, roaming, and other data services. Domestic telecom features and business systems are also available and readily installed according to local need. HEALTH Grenada, Carriacou, and Petite Martinique have various private and public clinics, and doctors, dentists, and EDUCATION Education in Grenada is free for children between the ages of 5 and 16, and the population as a whole is highly literate. The educational system is based on that of Britain, with pre-primary, primary, and secondary schools. Grenada is also home to St. George s University, an American medical, veterinary and arts & science educational institution. Grenadian Citizens are entitled to 75% discount on tuition fees. SHIPPING Grenada s postal services are run by the Grenada Postal Corporation. This can boast 52 postal stations and 6 sub-offices across the country. The Grenada Postal Corporation provides international courier services, but Federal Express, DHL, and UPS also operate on Grenada. ENERGY Grenada Electricity Services Ltd. (GRENLEC) is the sole provider of electrical energy to the islands of Grenada, Carriacou, and Petite Martinique. Voltages used on the islands are 220 volts (single phase, 50Hz cycles) and 110 volts (3 phase 50Hz cycles) SAFETY & SECURITY Grenada is amongst the safest nations in the Caribbean, and indeed the entire western hemisphere. Security is in the hands of the Royal Grenada Police Force, and Grenada is a member of the Regional Security System of the Eastern Caribbean. ELEVAY CITIZENSHIP + RESIDENCY PLANNING GRENADA CITIZENSHIP BY INVESTMENT UPDATED DECEMBER 2017 PAGE 9

10 ABOUT ELEVAY WHO ARE WE? WE ARE CITIZENSHIP AND RESIDENCY PLANNERS COMMITTED TO EXPANDING YOUR FREEDOM Our name is inspired by the French word Élevé, meaning to rise or to elevate. We are a company dedicated to helping elevate our clients; to connect with the world on their own terms, secure their children s future, diversify their investments and conserve their wealth. We are a Dubai-based international organization that has 17 years of experience in navigating the complex citizenship and residency by investment process on behalf of hundreds of highly satisfied clients. WHAT DO WE PROVIDE? A highly refined and proven system for processing the volume of documentation necessary with zero margin for error. A well established network of legal, immigration and real estate professionals, on the ground in the majority of places where the very best programs are offered. An established culture of going the extra mile for our clients and a real understanding for the trust they place in us. We help our clients to achieve the freedom that they ve always dreamed of, unlocking the doors to a life with fewer boundaries and more opportunities that can sometimes only come with the right citizenship and passport. A firm belief that rather than just a product or service we are assisting people to change and improve their lives forever. But this isn t all we do, through years of helping people to get where they want to be, we have also expanded our services and the countries in which we work, delivering on our promise of a world class, reliable service to more people than ever before. ELEVAY CITIZENSHIP + RESIDENCY PLANNING GRENADA CITIZENSHIP BY INVESTMENT UPDATED DECEMBER 2017 PAGE 10

11 ABOUT C&C GRENADINES LTD. VIEW FROM THE POINT AT PTEITE CALIVIGNY C&C GRENADINES IS AN EXPERIENCED PROPERTY DEVELOPER BASED IN GRENADA AND OUR PARTNER Elevay offers its clients the finest real estate investment opportunities in Grenada. We work with C&C Grenadines Ltd., a development and project finance company with significant international and local experience. In Grenada they have completed two developments including Valley View Heights (residential development in Morne Jaloux 72 lots) and Island View Point (Upper Woburn). Internationally, their many diverse projects include acquisition and refurbishment of a thirty eight unit apartment building in Prague, Czech Republic and a residential subdivision consisting of 482 lots surrounding an 18 hole signature golf course in Tennessee. Grenada based developer with ties to the island and committed to maintaining the island s pristine beauty Extensive local and international experience Offers two Grenada CBI approved developments, The Point at Petite Calivigny and Sanctuary at Fiji Beach. Investment opportunities offer ROI potential. C&C Grenadines is currently developing two Grenada Citizenship by Investment approved projects - The Point at Petite Calivigny and Sanctuary at Fiji Beach. ELEVAY CITIZENSHIP + RESIDENCY PLANNING GRENADA CITIZENSHIP BY INVESTMENT UPDATED DECEMBER 2017 PAGE 11

12 THE POINT AT PETITE CALIVIGNY INVESTMENT OPPORTUNITY THE POINT AT PETITE CALIVIGNY, A 5-STAR RESORT DEVELOPMENT ON GRENADA S SPECTACULAR SOUTHERN COAST. This world-class, one-of-a-kind, 100 room resort complex is located on it s own little corner of paradise. The lush, totally private grounds slope down to a pristine white sand beach and a modern deep-water marine facility that is designed to appeal to the mega-yacht crowd who regularly visit these waters. The entire resort enjoys a 180 degree westward-facing seascape that guarantees spectacular sunsets every evening. Virtually everywhere you turn are spectacular views, including Calivigny Island, Hog Island, and the underwater sanctuary of Woburn Bay. Yet as secluded as The Point is, you a mere 15 minutes from Maurice Bishop International Airport serviced by major carriers from North and South America, Europe and the Caribbean. The resort will be divided into discreet zones to cater to every class of vacationer from party-oriented singles whose tastes go beyond Ibiza to couples seeking a do-not-disturb romantic getaway, aspiring gurus yearning for a yoga retreat or highenergy families looking for fun in an endless sun and the latest watersport toys afloat. When it comes to children there is an excellent playground but it might be said that the entire resort is a playground for kids of all ages. vacation experience. The Point guarantees that none of them will be disappointed. The Point will provide a range of exquisite dining options with to-die-for international menus and over-the-top service, stylish, intimate bars and hideaway environments as well as the central Sky Bar poolside outdoor entertainment area that is equipped with state of the art sound and lighting equipment to keep the dance beat going strong long after the sun goes down. The Point will offer an un-surpassed range of accommodation options from exquisite Villas and spectacular Terraced Suites that are adjacent to beautiful free-form swimming pools and are perfect for lounging or entertaining to spacious Seaside Rooms that are steps from the beach so that guests can be lulled to sleep by the sounds of waves gently lapping the shore. By offering a unique mix of cutting-edge design and a passion for food, fashion, music and entertainment, the creators of The Point are totally committed to creating a resort that will become THE Caribbean resort destination from the first moment it opens it s doors to the world. The one thing they will all share is an appreciation for the finer things of life and an expectation of a once-in-a-lifetime ELEVAY CITIZENSHIP + RESIDENCY PLANNING GRENADA CITIZENSHIP BY INVESTMENT UPDATED DECEMBER 2017 PAGE 12

13 EXPANDING YOUR FREEDOM EXPANDING YOUR FREEDOM MASTERPLAN THE POINT AT PETITE CALIVIGNY DISCLAIMER: The information presented in this brochure is designed to be an overview of the development at The Point at Petite Calivigny and may be used for information purposes only. All items are subject to modification, change and/or being withdrawn at any time in the sole discretion of Elevay and C&C Grenadines LTD. ELEVAY CITIZENSHIP + RESIDENCY PLANNING GRENADA CITIZENSHIP BY INVESTMENT UPDATED DECEMBER 2017 PAGE 13

14 AN INCREDIBLE INVESTMENT OPPORTUNITY YOUR INVESTMENT IN THE POINT RESORT IS MORE THAN JUST A VERY SMART THING TO DO WITH YOUR MONEY. IT S A BRILLIANT THING TO DO WITH YOUR LIFE. Phase 1 of The Point Resort is a private residence club featuring the Condo Townhouses and Villas. When construction of Phase 1 is completed by the fourth quarter of 2017, the owner will be entitled to 5 weeks per year for personal use of the condo or villa and access to all the fine dining and recreational facilities of the resort. Phase 2 of The Point Resort is the five-star hotel and shall start construction up completion of Phase 1. These are the additional benefits that fractional ownership provides: RETURN ON INVESTMENT / RENTAL INCOME: If an owner choose to not use all of their 5-week entitlement, there is the option of placing the un-used portion into a rental pool and receiving a financial return. Owners will receive 60% of all rental income. As a conservative example, if you choose to place your entire entitlement of 35 days (5weeksX7 days per week) into the rental pool and apply the Grenada projected average occupancy rate of 45% (Grenada s projected average is actually 60%*) then the property could be rented for 16 days. Again according the industry sources* the average rental price for this type of luxury accommodation is between $ and $ per day. This will yield from between $24, and $32, in total rental income of which you are entitled to either $14, or $19, Even based on these conservative numbers it is easy to see that owners could realistically expect to receive a return on investment of 3-5% for each year that they do not use the property. VACATION EXCHANGE PROGRAM: Owners participating in our vacation exchange program will have the option of using all or part of their 5 week entitlement vacationing in a wide assortment of luxury resorts in many other parts of the world. HASSLE-FREE MAINTENANCE: At all times investors will have the peace of mind of knowing that the resort and their property is being professionally managed by a reputable 5-star resort management company. This relieves them of the many stresses involved in managing a private property from another part of the world. PERSONAL USE OF THE RESORT FOR LIFE / RESALE: Ownership provides investors with a title deed that reflects their financial interest and equity in the resort. In this way they will be ensuring a future filled with luxury lifestyle vacations for both themselves and their family. DISCLAIMER: The information presented in this brochure is designed to be an overview of the development at The Point at Petite Calivigny and may be used for information purposes only. All items are subject to modification, change and/or being withdrawn at any time in the sole discretion of Elevay and C&C Grenadines LTD. ELEVAY CITIZENSHIP + RESIDENCY PLANNING GRENADA CITIZENSHIP BY INVESTMENT UPDATED DECEMBER 2017 PAGE 14

15 SANCTUARY AT FIJI BEACH INVESTMENT OPPORTUNITY SANCTUARY AT FIJI BEACH, PRIVATE RESIDENCE RESORT AT L ESTERRE CARRIACOU YOUR CHOICE OF THREE DISTINCT, FABULOUS RESIDENCES Every adventure needs a home base, and none could be more idyllic than your private luxury residence at Sanctuary at Fiji Beach. Covering 2.8 pristine acres, the fully gated residential resort consists of magnificent two-bedroom villas and condominiums, and beautiful one-bedroom bungalows, all with spectacular amenities that make living here as comfortable and enjoyable as one could find at a fivestar hotel, such as a Yoga Pavilion and Central Meeting Facility fully equipped for dining and entertaining. But you ve come for adventure, and not only relaxing in a luxurious setting so stroll or drive down the private road to the beautiful 245 foot private beach, and the fully maintained private jetty, all here to make sure life won t just sail by. ALAMANDA VILLAS Two bedroom villa with 2,244 square feet of pure pleasure. HIBISCUS CONDOMINIUMS Two bedroom condominium with 2,428 square feet of elegant escape. ANTHURIUM BUNGALOWS One bedroom bunglaows with 1,250 square feet of delicate retreat. Construction on Sanctuary at Fiji Beach will begin following completion of The Point at Petite Calivigny. The information presented in this brochure is designed to be an overview of the development at Sanctuary at Fiji Beach and may be used for information purposes only. All items are subject to modification, change and/or being withdrawn at any time in the sole discretion of Elevay and C&C Grenadines LTD. ELEVAY CITIZENSHIP + RESIDENCY PLANNING GRENADA CITIZENSHIP BY INVESTMENT UPDATED DECEMBER 2017 PAGE 15

16 APPENDIX A APPLICATION DOCUMENTS* Please note that the Citizenship Investment Unit (CIU) might request additional documents/information that we have not listed. IMPORTANT TIPS FOR PHOTOGRAPHY USED IN YOUR APPLICATION A full front and close up view of the head and shoulders with the head taking up 70% to 80% of the photograph Must be taken without sunglasses. Tinted prescription glasses may be worn as long as the eyes are still visible Must show you looking straight at camera, your eyes open, no hair in your eyes and without anything covering part of your head Must be taken with a neutral expression (not laughing or frowning ) with your mouth closed Must be a true image and not altered in any way, with a plain, white background, clear, sharp and in focus Approximately 35 x 45 mm in size, of good quality, in colour and on high quality paper Each photo must be the same in all aspects Photo must have been taken within the last 6 months Here is a list of documents needed to proceed with your application: 1. Draft of application forms (which will be provided by Elevay) 2. Passport copies (1st 3 and last 3 pages with valid residence visa page, if applicable) a. Principal applicant b. Spouse & Children (if applicable) 3. Detailed Curriculum Vitae a. Name b. Nationality c. Address (residential and mailing), telephone numbers & addresses d. Professional positions held including detailed duties and responsibilities 4. Birth certificates (certified copy or notarized) a. Principal applicant b. Spouse & Children (if applicable) 5. Copies of national ID a. Principal applicant b. Spouse & Children above 18 years of age (if applicable) 6. Original utility bill containing the main applicants residential address 7. Marriage certificate (certified copy or notarized, if applicable) 8. Your last 12 months bank statements 9. 2 letters of reference, one from a company that you do business with and one from your bank confirming that the account has been established for more than 2 years. 10. Letter of confirmation from employer (if main applicant is an employee) 11. Business registration /license issued by the local government confirming the registration of the business (if you own the business) 12. Education documents (only copies are required not originals, if available) a. Principal applicant b. Children 18 years of age and above must provide an original letter from their University or College that they are in full time education (if applicable) 13. Divorce/Custody documents (certified copy or notarized, if applicable) Passport size photos (Please see our Important Tips For Photography Used In Your Application ) a. Principal applicant b. Spouse & Children (if applicable) 15. Military certificate or documents (if applicable) 16. Police clearances are required from all members of the family that are 16 years of age and above, from your country of citizenship and every country you lived in for more than 1 year and during the past 10 years. If you have not lived in your country of citizenship and can provide full information substantiating that fact, then we can waiver that requirement 17. A HIV medical report for all family members. Please make sure that the HIV test results are completed prior to the doctor visit to complete the Annex 8 Medical Health Certification. Children under 12 not required, as long as mother is party to the application and parents test negative. Elevay warrants that all information contained in this document was accurate at the time it was originally published but as changes do occur which are beyond our control we cannot guarantee the same level of accuracy beyond the publication date. ELEVAY CITIZENSHIP + RESIDENCY PLANNING GRENADA CITIZENSHIP BY INVESTMENT UPDATED DECEMBER 2017 PAGE 16

17 CONTACT US Global Sales Offices UNITED ARAB EMIRATES Saleh Bin Lahij Building, Office 210, Al Garhoud St, PO BOX 36566, Dubai T F info@elevay.com