Citizenship by investment programs have prompted continual interest among investors looking to secure a second citizenship. In recent years, the island of Grenada has become a coveted choice for those hoping to acquire an additional passport. The Grenadian citizenship by investment program offers a series of benefits, including tax exemptions, visa-free travel, and the prospect of gaining citizenship – a trusted means of offering security to family members and future generations.
Grenada is appreciated for its tropical beaches, favourable climate and vacation resorts. It is also fondly referred to as the ‘Spice Isle’, due to its high production of aromatic spices and organic chocolate. Presently, it is one of the most prominent nutmeg producers in the world, which constitutes 30% of its total exports per annum. Visitors can explore the intricacies of chocolate creation and spice production through guided plantation tours – an activity that attracts many tourists each year.
Residency by Investment in Grenada
Investors can consider a capital contribution or a property investment to qualify for Grenadian residency. Grenada also allows investors to obtain a second passport, while maintaining citizenship from their homeland. This passport also affords visa-free travelling to several countries, including China, Singapore, Russia, the United Kingdom, as well as the Schengen region. Furthermore, it has a steady track record of economic and political stability, offering the assurance of a secure location.
Real Estate Investments in Grenada
The Grenada citizenship by investment program ensures a citizenship by purchasing government-approved real estate on the island. Investors can choose from a range of available properties in Grenada, including a selection of homes, apartments, and villas. The strong tourism industry of this region presents a promising return-on-investment and the potential of a recurring rental income. Investors may resell their purchased property after a 5-year period once citizenship has been granted.
Why Investors choose Grenada
Grenada offers one of the best all-round citizenship by investment programs due to the many advantages and financial incentives it offers. The island has a growing economy, presenting significant scope for growth in the tourism industry, as well as food exportation. It also presents significant investment potential in a country with a stable economy.
Grenada passport holders enjoy visa-free access to China, creating seamless expansion opportunities to one of the world’s most prominent business participants.
One of the strongest incentives of this particular investment is the flexibility it offers, as applicants are not required to reside in Grenada before or after citizenship has been granted. Additionally, there is a financial incentive as investors are not required to pay income tax.
Work in the United States through the E-2 Visa
The citizenship by investment program for Grenada enables investors to obtain the sought-after E-2 Investor visa, which permits holders to set up a business in the United States. Spouses are permitted to apply for a US work permit with more flexibility than other work visas, such as the H-1B visa. Dependents who are under the age of 21 may accompany their parents in the US.
Obtaining Grenadian Citizenship with Passport Legacy
Passport Legacy is a notable Dubai-based Swiss firm, delivering a range of specialised services for the acquisition of alternative residence and citizenship through investment. Our team has 25 years of combined experience in the industry, providing step-by-step guidance in the process of acquiring a second residency. We can guide you in applying for your Grenadian citizenship.