Grenada’s authorities are concerned that the US president Donald Trump might bar access to investor visa scheme due to increasing fear of terror attacks by immigrants.
As is widely perceived, Trump isn’t a fan of immigrants coming to the US. With recent attacks in mind, he’s even more eager to shut down borders for potential immigrants, whether well-off investors or working-class individuals.
On October 31, 2017, Uzbek immigrant Sayfullo Saipov killed and injured dozens in New York. President Trump took to his Twitter to say the following:
“CHAIN MIGRATION must end now! Some people come in, and they bring their whole family with them, who can be truly evil. NOT ACCEPTABLE!” [sic]
The US has several migration programs. The most popular is the Diversity Visa (Green Card) Lottery. Then, H1 visa for skilled workers, EB-5 visa program for investors, and, finally, E-2 visa for investors. The difference between EB-5 and E-2 type visas is that only investors from countries that have signed a special treaty with the US can apply for a E-2 visa.
Grenada is one of 81 countries whose citizens may qualify for a E-2 visa. It is also the only country that offers both its passport via the citizenship by investment program, and access to E-2 Investor Visa. This has investors hailing from China, Russia, Saudi Arabia, United Arab Emirates etc. – not US Treaty countries – aiming for Grenadian citizenship that will provide them with the opportunity to apply for E-2 visa in the future.
Some call this factor a loophole, some a hidden gem. For Indian and Chinese investors, this truly is a shortcut, as the application processing timeline for the EB-5 program for these nationalities can sometimes take years, and even decades.
So, what should you, a foreign investor, do to obtain the E-2 visa?
- Obtain Grenada citizenship by investing in government-approved real estate objects (at least $350k), or donate to the Grenadian state fund (at least $200k). Keep in mind additional fees and expenses; the final amount of investment may vary depending on the number of people (spouse, children, parents) included in the application. Application processing takes up to 3 months. Skip this step if you are eligible to apply for E-2 as a natural-born citizen.
- Apply for a E-2 visa by establishing a new business or purchasing a pre-existing business in the US. Investment amounts can start as low as $50k and the application can be processed within 60 days.
It’s important to keep in mind that the E-2 Investor Visa is not permanent, and does not “grow” into a Green Card. The E-2 visa is valid for 5 years and can be renewed with 2-year extensions.
Being a small island in the Caribbean, Grenada relies on its citizenship by investment program a lot, and now you understand why Grenada fears that the US could decide to revoke E-2 visa access to its citizens.
According to the chair of Grenada’s Citizenship by Investment Committee, Kaisha Ince, the Grenada CBI program will have underwent significant changes by the end of 2017. The major changes will affect the price: the contribution amount to the National Transformation Fund is to be dropped from $200,000 to $150,000.
Interested in more detailed information about Grenada citizenship by investment program? Contact us!
- We offer free consultations, understanding how important it is for the client to make the only correct decision.
- We work only in the field of investment immigration, integrating gained experience into the investor’s goal.
- We work only with official programs of the European Union and Caribbean countries.
- Before signing the contract, we inform our clients about all additional fees and expenses.
- We conduct a screening to assess the investor’s chances of obtaining the desired citizenship.
- We oversee the process at each stage and work exclusively towards the result.
- We are in touch 24/7.