The citizenship by investment program began in 2013, and applicants have a variety of ways to invest in Grenada. For example, they can purchase real estate, or donate to the National Transformation Fund, a charity that aims to support Grenada’s economy and build resilience.
Visa-free access to 153 countries
With Grenada’s citizenship by investment, you’ll be able to travel to over 153 countries without a visa. That’s more than 70% of all countries with passports. And because Grenada is a member of the Organization of Eastern Caribbean States, you’ll be able to use your key to enter these countries, too. Among the countries where you can travel visa-free with Grenada citizenship by investment are St. Kitts and Nevis, Dominica, and Anguilla.
To obtain Grenada citizenship by investment, you must invest at least $220k in real estate in the country and be over 18. The program’s requirements are relatively simple, and you can apply as a business person, a professional, or a foreign investor. You will be required to contribute to the National Transformation Fund to apply.
Citizenship by investment in Grenada is a good option for investors looking for a second citizenship. The country offers many benefits, such as visa-free travel to more than 150 countries and the ability to invest in real estate projects with a high return. In addition to visa-free travel, Grenada citizenship by investment gives you access to the USA E2 investor visa. The application processing time for Grenada citizenship is typically three months.
Access to world-class healthcare
Obtaining citizenship in Grenada can be a lucrative investment if you’ve been considering relocating your family to the island. The country offers tax-free worldwide income, no inheritance, and no wealth taxes. Applicants can also travel to 127 countries visa-free, including the UK, UAE, and China. Moreover, conducting business in South Korea, Iran, India, Qatar, Hong Kong, and Brazil is possible.
Another reason to invest in Grenada is its stable government. The country has a Westminster Parliamentary system of government, and elections are held every five years. The method of checks and balances ensures that no branch of government gains too much power and protects foreign investors.
A Grenadian passport also offers visa-free travel to many countries, including the EU and UK. However, the application process requires an initial investment of US$150,000, or US$200,000, if you want to include family members, such as your children. You can also pass citizenship on to future generations if you’re so inclined. Additionally, Grenada offers a stable tax system, and several international banks are located there. In addition, EU banks can simplify foreign exchange transfers and keep your money in deposits.
Access to basic amenities
The citizenship by investment program in Grenada requires the applicant to make a one-time contribution to the country’s National Transformation Fund, which finances infrastructure projects. This is to benefit the country and its people. Once the applicant has invested, they have been deemed a citizen and are entitled to all of the basic amenities of being a citizen.
For over 35 years, Grenada has enjoyed stable governments and an economy growing by leaps and bounds. The country’s economy is robust, and its infrastructure is well-developed, which has made it attractive to investors. While it is overly dependent on a small number of industries, the country has managed to increase its GDP and access to basic amenities.
The government of Grenada has been working with investors to encourage economic development, particularly in the energy and tourism sectors. In 2013, the government implemented a program for citizenship by investing in Grenada. This program has two main goals: to develop Grenada’s economy, attract international visitors, and increase the country’s economic base. The application fee is $20000 or $25000.