Grenada Citizenship by Investment Programme

Grenada Citizenship by Investment Programme

STEP 1

The first step in applying for citizenship is choosing an Authorised International Marketing Agent. Applications for citizenship may not be submitted directly to Grenada’s Citizenship by Investment Committee (CBIC) and must only be handled by agents.

Applicants must contact an Authorised International Marketing Agent, who in turn will liaise with an Authorised Local Agent.

An ‘Authorised International Marketing Agent’ is a trusted global marketer who is permitted to promote the Programme and who assists applicants along with the Authorised Local Agent.

An ‘Authorised Local Agent’ is someone who has been granted a Local Agent’s licence by the Minister and who is authorized to act on behalf of the main applicant with respect to his or her application.

STEP 2

The second step in an application for citizenship is preparing documents for submission to the CBIC. The applicant will need to complete official forms, attend a medical examination, and obtain certain supporting documents – all of which must be submitted in English and be appropriately legalised.

If the applicant is purchasing real estate, this will need to be reserved through a sale and purchase agreement.

The Authorised Local Agent will be able to advise the applicant on the preparation of the documents and on how to have them legalised.

STEP 3

When all forms are complete, the Authorised Local Agent submits the application to the Executive Office of the CBIC. The Authorised Local Agent then becomes responsible for liaising with the Executive Office of the  CBIC in relation to all correspondence, queries, or questions that may arise with respect to the applicant’s file.

There is currently no mandatory interview requirement for the Grenada Citizenship by Investment Programme.

STEP 4

Each application is then vetted and must clear a thorough due diligence background check.

The CBIC considers application files in light of this due diligence check and then issues a recommendation about the application.

Final approval is in the hands of the Minister, who generally follows the CBIC’s recommendation.

Upon the Minister making a decision, the applicant is issued a letter (through his or her Authorised Local Agent) detailing whether the application was successful, delayed for further processing, or rejected.

STEP 5

If the application is successful, the CBIC issues a letter instructing the applicant (through his or her Authorised Local Agent) to either make the contribution (for the NTF option) or complete the purchase of his or her real estate.

If real estate is purchased, then the applicant must demonstrate completion, as well as the execution of all necessary documents.

Upon receiving proof of payment, the CBIC issues the certificate of registration, establishing that the applicant has received Grenadian citizenship. Authorised Local Agents must use this certificate to apply for a Grenadian passport on behalf of the applicant.


National Transformation Fund (NTF)

The National Transformation Fund (NTF) was established in 2013 as a means of transforming Grenada’s economy into one that is ever more prosperous and independent.

The NTF finances various projects in Grenada for the benefit of its many industries, including tourism, agriculture, and alternative energy.

Having made a donation to the NTF, investors are left with a true sense of having contributed to their new nation’s well-being.

Applicants opting for the NTF route must contribute at least $200,000 to the Fund. The following chart highlights the costs and fees associated with this route.

NTF CONTRIBUTION

NTF DONATION Single Applicant Main Applicant + Spouse Family with 3-4 Members Family with >4 Members
Required Contribution $200,000 $200,000 $200,000 $200,000+ $25,000 each dependent after the 3rd
Application Fee $1,500 $1,500 per person $1,500 per person $1,500 per person
Due Diligence Fees $5,000 $5,000 per person $5,000 ea. if 18+; $2,000 aged 12-17 $5,000 ea. if 18+; $2,000 aged 12-17
Processing Fee $1,500 $1,500 per person $1,500 ea. if 18+; $500 if under 18 $1,500 ea. if 18+; $500 if under 18

APPROVED PROJECT (REAL ESTATE)

One of the options available for citizenship by investment in Grenada is to invest in a government-approved project.

Currently, these projects encompass real estate developments such as hotels, villas, and resorts.

Because of the growth of the tourism industry, there is rising demand for tourist housing facilities. Real estate developments are thus fantastic opportunities for investors looking for high returns.

Applicants opting for the approved project (real estate) route must invest at least $350,000, and must keep the real estate for at least three (3) years following the grant of citizenship.

REAL ESTATE OPTION

REAL ESTATE Single Applicant Applicant + Spouse Family with 3-4 Members Family with >4 Members
Min. Value $350,000 $350,000 $350,000 $350,000
Government Fee $50,000 $50,000 $50,000 $50,000 + $25,000 each dependant after the 3rd
Application Fee $1,500 $1,500 per person $1,500 per person $1,500 per person
Due Diligence Fees $5,000 $5,000 per person $5,000 ea. if 18+; $2,000 aged 12-17 $5,000 ea. if 18+; $2,000 aged 12-17
Processing Fee $1,500 $1,500 per person $1,500 ea. if 18+; $500 if  under 18 $1,500 ea. if 18+; $500 if under 18

Dominica Citizenship by Investment Program

Dominica Citizenship by Investment Program

The highly reputable Citizenship by Investment Programme in Dominica invites investors of good character to make an economic contribution to Dominica and in exchange, the applicant and their family are eligible to obtain full citizenship of the country, within the strict guidelines of the law.

The Citizenship by Investment Programme of Dominica has been operating since 1993 and is legally entrenched in the Dominican Constitution and the Citizenship Act.

Under current regulations, to qualify for citizenship of the Commonwealth of Dominica under its Citizenship by Investment Program, the Government requires either a contribution made into the Government Fund amounting to $100,000 depending on the number of dependents included in the application or an investment in designated Real Estate with a value of at least $200,000.

Additional payments for any dependents included in an application, due diligence fees, government fees and other fees are also payable.


KEY UPDATES TO THE PROGRAMME (September 27, 2017)

I. Age of Child Dependants

The maximum age of qualifying child dependants is increased to thirty years, as follows:

The meaning of “dependant” in Regulation 2, paragraph (c) of the Principal Regulations is amended to “a child of the main applicant or his or her spouse between eighteen and thirty years…”

V. Processing Fee

The US$3,000 processing fee is reduced to US$1000 for the submission of applications under the Citizenship by Investment Programme.

VI. Certificate of Naturalisation Fee

The Certificate of Naturalisation Fee is reduced from US$750 per certificate to US$250 per certificate.


HOW TO APPLY

STEP 1

The first step for applying for Citizenship is to choose an Authorised Agent from the list of the Authorised Agents. Applications for citizenship cannot be submitted directly to the Citizenship by Investment Unit and must only be handled by an Authorised Agent.

An “authorised agent” means a person licensed by the Citizenship by Investment Unit who has paid the authorised agent’s fee pursuant to paragraph 1(1) of the Schedule to these Regulations and is authorised to act on behalf of the main applicant in relation to a citizenship by investment application.

STEP 2

The second step is to contact your chosen Authorised Agent who will provide you with assistance in preparing your documentation for submission to the CBIU.

You will need to complete the official forms, attend a medical examination and obtain certain supporting documents, all of which need to be submitted in English and with the appropriate legalization.

If you are purchasing property, this will need to be reserved through a sales and purchase agreement at this point.

Your Agent will be able to advise you on the preparation of the documents and how to have them legalised.

STEP 3

When all of your forms are complete, the Agent will submit the application to the CBIU of Dominica and will liaise with the Unit relating to all correspondence, queries or questions on your file that may arise in due course.

There is currently no mandatory interview requirement for the Dominican Citizenship by Investment Program, however an interview may be required at the discretion of the government.

STEP 4

Your application will be vetted through a thorough due diligence background check which will verify the information that you have provided.

The CBIU will consider the file in the light of the due diligence report, and will take a decision about your application. You will receive a letter through your agent which will inform you whether your application has been successful, has been delayed for further processing or has been rejected.

STEP 5

If your application is successful, the CBIU will issue a letter instructing you to make the investment payment (for the Government Fund option) or to complete the payment of the real estate property.

Upon receiving proof of the payment, the CBIU will issue the certificate of registration which will be able to be used by your agent to apply for a Dominican passport.


GOVERNMENT FUND

The Government Fund was established through the Citizenship by Investment Programme as one component of a national capital mobilization portfolio towards an ultimate goal of national development for Dominica.

Generated funds are utilised for public and private sector projects where a need is identified.

Public sector projects identified for financing under the Programme include, but are not limited to, (1) building of schools, (2) renovation of the hospital, (3) building of a national sports stadium, and (4) towards the promotion of the offshore sector.

With respect to private sector projects, Government emphasis is on the tourism, information technology and agricultural sectors and therefore public sector projects to be financed under the Programme will fall within one of these sectors.

To qualify for citizenship under this investment option, there are four investment categories with different contribution amounts, based on the number of dependants included in the application, which are as follows:

1. Single Applicant: a non-refundable contribution of $100,000 is required

2. Main Applicant and Spouse: a non-refundable contribution of $175,000 is required

3. Main Applicant with up to three qualifying dependants : a non-refundable contribution of $200,000 is required.

4. For an additional qualifying dependant, other than a spouse, a non-refundable contribution of $25,000 per dependant is required .

In addition to the contribution made into the Government Fund, certain fees are also payable including, but not limited to, due diligence fees.

REAL ESTATE

To qualify for citizenship of Dominica under the Real Estate Option of the Citizenship by Investment Programme, an applicant must purchase authorized real estate to the minimum value of $200,000.

The real estate must be held for 3 years and may be eligible for re-sale under the Citizenship by Investment Programme after 5 years from the grant of citizenship.


FEES APPLICABLE

In addition to the capital investment required for the selected investment option, additional fees are payable by each family member.

These comprise of the following:

PROCESSING FEES 

$1,000 per application

DUE DILIGENCE FEES

Main Applicant – $7,500*
Spouse – $4,000
Dependant aged 16+ – $4,000
*In some cases, enhanced due diligence may be required.

OTHER FEES (FOR BOTH OPTIONS)

Fee for Certificate of Naturalisation – $250 per person
Expedited passport issue fee – $1,200 per person

GOVERNMENT FEES (REAL ESTATE OPTION ONLY)

In addition to the minimum investment required of $200,000 for the Real Estate Option, the following government fees are applicable for the main applicant and any accompanying dependants:

  • $25,000 for the Main Applicant;
  • $35,000 for the Main Applicant applying with his or her spouse;
  • $35,000 for a family of up to four persons, including the Main Applicant and up to three dependants
  • $50,000 for a family of up to six persons, including the Main Applicant and up to five dependants; or
  • $70,000 for a family of seven persons or more, including the Main Applicant and six or more dependants

Saint Kitts and Nevis Citizenship by Investment Program

St. Kitts Citizenship by Investment Program

HURRICANE RELIEF FUND

Single applicant: a non-refundable contribution of $150,000 is required

Main applicant with up to three dependents (for example, main applicant, a spouse and two children): a non-refundable contribution of $150,000 is required

Additional dependents, regardless of age: $25,000

Upon submission of an application, non-refundable due diligence and processing fees must be also paid. These fees amount to $7,500 for the main applicant, and $4,000 for each dependent of the main application who is over the age of 16 years.

The HRF option will be available for a six (6) months period ending on March 30th 2018.


SUGAR INDUSTRY DIVERSIFICATION FOUNDATION (SIDF)

Applicants may qualify for citizenship through a contribution to the Sugar Industry Diversification Foundation (SIDF). The SIDF is a public charity tasked with diversifying St Kitts and Nevis’ economy.

  • Single applicant: a non-refundable contribution of $250,000 is required
  • Main applicant with up to three dependents (for example, a spouse and two children): a non-refundable contribution of $300,000 is required
  • Additional dependents, regardless of Age: $25,000

Upon submission of an application, non-refundable due diligence and processing fees must be also paid. These fees amount to $7,500 for the main applicant, and $4,000 for each dependent of the main application who is over the age of 16 years.

Unmarried dependent children who are older than 18 but younger than 30 can also be included in the application. Similarly, dependent parents aged 55 or above may also be included.

The SIDF option is the most straightforward means of obtaining citizenship in St Kitts and Nevis.

For further information about the SIDF, visit www.sknsidf.org


REAL ESTATE INVESTMENT

Applicants may qualify for citizenship through an investment in a pre-approved real estate project, which may include hotel shares, villas, and condominium units. The minimum real estate investment required by law is $400,000 for each main applicant.

Upon submission of an application, non-refundable due diligence and processing fees must also be paid. These fees amount to $7,500 for the main applicant, and $4,000 for each dependent of the main applicant who is over the age of 16 years.

On approval in principle of an application made through a real estate investment, a Government fee applies, as follows:

  • Main applicant: $50,047
  • Spouse of the main applicant: $25,047
  • Dependent child of the main applicant under 18 years of age: $25,047
  • Dependent child of the main applicant above the age of 18 years or dependent parent aged 55 and above: $50,047

In addition to these fees, real estate buyers should be aware of purchase costs (mainly compulsory insurance fund contributions and conveyance fees).

Real estate can be resold 5 years after the purchase and may not qualify the next buyer for citizenship.


St. Kitts & Nevis 60-day Accelerated Process

The Accelerated Application Process (AAP) approved by the Government of St. Kitts and Nevis in October 2016 allows applications with the Citizenship by Investment Program to be accelerated to a 60 day processing period.

Interested persons applying utilizing the AAP will still be required to meet all mandatory criteria and submit the necessary supporting documents to apply for citizenship by investment.

Applications will be given an accelerated treatment from the Citizenship by Investment Unit, Due Diligence Providers and the St. Kitts and Nevis Passport Office. As a bonus this process also includes the application and processing of the St. Christopher (St. Kitts) and Nevis passport.

Applying using the AAP can see an application completed within 60 days with some applications completed in as early as 45 days.

AAP Process Fees (inclusive of Due Diligence Fees)

  • Main Applicant: $25,000
  • Dependent above 16 years: $20,000

In addition to the $25,000 and $20,000 AAP processing fees, an additional fee of $500.00 per person will be applicable for the processing of the St. Kitts and Nevis Passport for any dependents under the age of 16 years.


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Saint Lucia Citizenship by Investment

Saint Lucia Citizenship by Investment

Saint Lucia Citizenship by Investment (CIP)

A qualifying investment under the Citizenship by Investment Programme shall satisfy at least a minimum investment in one of the four approved areas:


Saint Lucia National Economic Fund

Saint Lucia National Economic Fund is a special fund established under Section 33 of the Citizenship by Investment Act for the sole purpose of receiving qualifying investments of cash for funding government sponsored projects.

The following minimum investment is required:

  • Applicant applying alone: $100,000
  • Applicant applying with spouse: $165,000
  • Applicant applying with spouse and up to two (2) other qualifying dependents: $190,000
  • Each additional qualifying dependent, of any age: $25,000

Real Estate Projects

On the approved list for the Citizenship by Investment Programme, approved real estate projects fall into two broad categories:

  1. High-end branded hotels and resorts
  2. High-end boutique properties

Once approved, the real estate project becomes available for qualifying investments from applicants  for citizenship by investment.

The applicant is required to execute a binding purchase and sales agreement for an investment in an approved real estate project. Investments, equalling the agreed purchase price, are deposited in an approved irrevocable escrow account managed jointly by the developer and the Citizenship by Investment Unit in Saint Lucia.

Minimum Investment | Main Applicant: $300,000


Enterprise Projects

Approved enterprise projects fall into seven (7) broad categories:

  1.  Specialty restaurants
  2.  Cruise ports and marinas
  3.  Agro-processing plants
  4.  Pharmaceutical products
  5.  Ports, bridges, roads and highways
  6.  Research institutions and facilities
  7.  Offshore universities

Once approved the enterprise project becomes available for qualifying investments from applicants for citizenship by investment.

Minimum investment required:

Option 1 – A sole applicant.

  • A minimum investment of $3,500,000

Option 2 – More than one applicant (joint venture).

  • A minimum investment of $6,000,000 with each applicant contributing no less than $1,000,000

Government Bonds

Citizenship by investment  bonds must be registered and remain in the name of the applicant for a five (5) year holding period from the date of first issue and not attract a rate of interest (non interest bearing).

Once approved, the following minimum investment required:

  • Applicant applying alone: $500,000
  • Applicant applying with spouse: $535,000
  • Applicant applying with spouse and up to two (2) other qualifying dependents: $550,000
  • Each additional qualifying dependent: $25,000

Application Fees

Following fees prescribed under the Citizenship by Investment Regulations of 2015:

Non-refundable government processing fee: $2,000 main applicant; $1,000 each qualifying dependent

Non-refundable administration fees: 
(applicable for government bonds and approved real estate or enterprise)

Per bond application: $50,000

Approved real estate or enterprise project investment: $50,000 main applicant; $35,000 each qualifying dependant age 18+; $25,000 each dependent under 18

Due diligence fees: $7,500 main applicant; $5,000 each dependent age 16+


For more information, please select:

Cyprus Citizenship By Investment

Cyprus Citizenship By Investment

Non-EU investors and their families may gain citizenship in Cyprus through a programme called ‘Naturalisation by Exception’, which is one of few citizenship by investment programmes allowing a rapid entry in the European Union. Applicants must first purchase Cypriot real estate, which is declared as their permanent residence. They must then make an investment in the Cypriot economy, such as an investment in Government bonds. Finally, before obtaining their passport, they must visit Cyprus to provide their biometrics.


How to apply for Cypriot citizenship

Applicants must be over 18 years old and be of good character without any criminal convictions. They may apply with their spouse and children up to the age of 18. Children between the ages of 18 and 28 may be included in the application if they are financially dependent on the main applicant.

The process of applying for citizenship is rigorous and requires diligent preparation in order to gather all the information needed. Application timelines can vary and be difficult to predict, although they usually depend on how easily an applicant can access the required documentation, as well as the complexity of the application as a whole. We generally advise clients that it will take between 4 to 6 months to obtain citizenship after an application for citizenship is submitted to the Government of Cyprus.

The process may be simplified into the following steps:

Step 1: Application preparation and pre-approval by your registered agent.

Step 2: Purchase of real estate.

Step 3: Citizenship application submission and qualifying investment made in an escrow account.

Step 4: Government processing of the application.

Step 5: Approval in principle.

Step 6: Government fees paid and investment released.

Step 7: Citizenship certificate issued.

Step 8: Passport application, biometrics, and passport issuance.


Investment Options

1. An investment of €2 million in residential real estate in Cyprus

The investment in residential real estate must be retained for a minimum period of 3 years. At the end of 3-year period the investment can be reduced to a €500,000 residential property which should be held indefinitely.

The applicant can make multiple property purchases, so long as the total value of €2 million is retained for 3 years, and as the total value of the residential property owned indefinitely in Cyprus remain equal to or above €500,000.

2. €2.5 million (combination of real estate and/or investments)

A 3-year investment of €2 million in one or more of the following:

  • Interest bearing Cypriot government bonds, provided the investment does not exceed €500,000.
  • An investment, of €2 million in “eligible real estate” situated in Cyprus, namely:
    a. Residential;
    b. Commercial;
    c. Infrastructure;
    d. Land, provided there is a development plan in place
  • Creation, acquisition or participation in a Cypriot company or business where the applicant is a majority shareholder, with activities in Cyprus, and employing 5 Cypriot or EU nationals, who have been resident in Cyprus for a duration of 5 years prior to the filing of the citizenship application.
  • The alternative Investment Fund or financial assets of a Cypriot entity licensed by the Cyprus Securities and Exchange Commission (CySec), with activities in Cyprus.
  • A €500,000 investment in residential property, which must be held indefinitely.

Benefits

Cypriot citizens may take advantage of a range of benefits, including:
  • The option to establish oneself in any one of the 28 European Union member states, as well as Switzerland.
  • Visa-free access to almost 160 countries, subject to change
  • The opportunity to maintain dual citizenship if so desired
  • A low tax regime, including no inheritance tax
  • Low cost of living, coupled with a high standard of living
  • A low tax regime, safeguarding citizens from, for example, worldwide income, inheritance, and gift tax
  • Excellent education and healthcare systems, and advanced infrastructure
 The benefits of Cyprus’ Naturalisation by Exception Programmes include:
  • The ability to include family members in the application
  • Fast processing time; 4-6 months to citizenship
  • No interview requirement
  • No minimum level of English requirement
  • No physical presence or residency requirement, except that applicants must travel to Cyprus at least once
  • Excellent education and healthcare systems, and advanced infrastructure
  • All nationalities eligible

Our Services

  •  A dedicated relationship manager as your single point of contact throughout your application.
  • Professional guidance on the application procedure and support throughout the process.
  • Documentation preparation and validation.
  • Representation on your behalf before the Government.
  • Management and resolution of any legal queries related to the application.
  • Additional services available on request for clients wishing to utilise our partner network to support their application, including the following:
    • Concierge services
    • Property investment and advice
    • Notary Public services
    • Relocation assistance
    • Translation services
    • Tax planning
    • Medical services
    • Trust planning
    • Banking services
    • Fiduciary services

The Law

Cyprus’ Naturalisation by Exception Programme was established pursuant to a 2013 decision by Cyprus’ Council of Ministers, contained in Section 111A(2) of the Civil Registry Laws of 2002-2013. The Cypriot Government then revised the Programme in March 2014.


For more information, please select:

Antigua and Barbuda Citizenship by Investment

 

Antigua and Barbuda Citizenship by Investment Program


 The Citizenship by Investment Unit (CIU) was established by the Honourable Prime Minister of Antigua and Barbuda and is the Government authority responsible for processing all applications for Agent’s Licenses, and all applications for Citizenship by Investment by applicants and their family.


Contribution to the National Development Fund 

A. For a single applicant, or a family of 4 or less

       US$100,000 contribution

         Processing fees: US$25,000      

B. Family of 5 or more:-

  • US$125,000 Contribution

Processing Fees: US$15,000 for each additional dependent


To qualify for citizenship under the real estate option, the government requires applicants to make an investment in designated, officially approved real estate with a value of at least US$ 400,000 plus the payment of government processing fees and due diligence fees.

For a single applicant, or a family of 4 or less

  • Processing fees: US$50,000

For a family of 5 or more:-

  • Processing Fees: US$15,000 for each additional dependent

The Citizenship by Investment Unit (CIU) shall after consultation with the Antigua and Barbuda Investment Authority (ABIA) approve businesses, whether existing or proposed, for the purposes of investment in business under the Citizenship by Investment Program.

The two business investment options are:

  • Where a person proposes to make an investment in an approved business of at least US$ 1,500,000 on their own behalf.
  • At least two persons propose to make a joint investment in such an approved business totalling at least US$ 5,000,000, and each of those persons individually propose to contribute at least US$400,000 to the joint investment an application or application for Citizenship by Investment may be submitted on his, her or their behalf through an agent.

For a single applicant, or a family of 4 or less

  • Processing fees: US$50,000

For a family of 5 or more:-

  • Processing Fees: US$15,000 for each additional dependent

In addition to the funding of the selected investment option, additional fees are payable by each family member. These comprise of the following:

Government Fee

The fees applicable are stated in the table below. 10% of the government fee is payable (and non-refundable) upon submission of your application with the balance due following receipt of an approval letter sent to the authorised agent who submitted the application. A government fee is charged for each family member.

Due Diligence Fee

All applications are subject to rigorous due diligence to ensure that only meritorious applicants are granted citizenship of Antigua and Barbuda. The due diligence fee is charged for each family member above the age of 11 years as prescribed in the table below. The due diligence fee is payable upon submission of the application by the appointed agent and is non-refundable.

Passport Fee

Each family member is required to pay the sum outlined for issuance of their passport.

Schedule of Fees:

The National Development Fund (NDF)

Processing fees $25,000 $25,000 for a family of up to 4 persons $25,000 for a family of up to 4 persons with incremental payments of $15,000 for each additional dependent.
Contribution $100,000 $100,000 $125,000
Due Diligence $7,500 $7,500 + $7,500 for spouse,
$2,00 per dependent 12-17,
$4,000 per dependent 18 and over
$7,500 + $7,500 for spouse,
$2,000 per dependent 12-17,
$4,000 per dependent 18 and over

* Other fees payable include passport fees. These fees are subject to change.
* All fees quoted are in US dollars

The Real Estate and Business Investment options

Processing fees $50,000 $50,000 for a family of up to 4 persons $50,000 for a family of up to 4 persons with incremental payments of $15,000 for each additional dependent.
Contribution $400,000 $400,000 $400,000
Due Diligence $7,500 $7,500 + $7,500 for spouse,
$2,000 per dependent 12-17,
$4,000 per dependent 18 and over
$7,500 + $7,500 for spouse,
$2,000 per dependent 12-17,
$4,000 per dependent 18 and over

* Other fees payable include passport fees. These fees are subject to change.
* All fees quoted are in US dollars

Due Diligence and passport fees

*USD *ECD
Principal applicant $7,500 $20,250
Spouse $7,500 $20,250
Dependent child aged 0-11 $0 $0
Dependent child aged 12-17 $2,000 $5,400
Dependent aged 18-25 $4,000 $10,800
Dependent parent aged 65 and over $4,000 $10,800
Passport fee – each person $300 $810

*Please Note: ECD = Eastern Caribbean Dollars and USD = United States Dollars