Grenada is an island nation in the Caribbean, consisting of one main island and six smaller islands located near the Grenadines. Grenada is known as the “Island of Spices” due to the vast number of spices that are grown here.
With beautiful scenery, it is not difficult to understand that the tourism industry dominates in Grenada. Agriculture, trade, and building are also quite established. Grenada has always been one of the favourite destinations of many high-net-worth investors.
|348,5 km²||112.519 people||English||Eastern Caribbean dollar (XCD)|
WHY SHOULD I BECOME A GRENADA CITIZEN?
1. The application process is quick and easy
Grenada’s citizenship program has one of the fastest application processes in the world. Becoming a Grenadian citizen is a good choice if you need to obtain a second citizenship without too many obstacles. In fact, if you invest in island real estate, your application can be accepted in as little as 120 days.
2. No requirement to be physically present in Grenada to apply
You can get and keep your status as a Grenadian citizen without living on the island. You don’t even have to come to the country to complete your citizenship application. In fact, there are not any other requirements one can consider strict either. This has an advantage over other citizenship options because most of them can require that you learn the basics of the country’s language.
3. A cost-effective investment
Grenada offers safe investments with a good rate of return. Applicants who join the Citizenship by Investment program will be committed to the lowest profit target of 3% annually. Grenada also permits immigrants to permanently own luxury resort real estate on some of the world’s most breathtaking beaches, free of charge for investors.
Grenada has no taxes on capital gains, wealth, gifts, or foreign income, which is only one of the many financial advantages of investing there. Not only that, there is no restriction on imported capital or the repatriation of profits and generous incentive packages exist, including corporate tax exemption, full exemption from import duties, tax relief benefits, and export allowance.
4. Opportunity to get US and UK visa
Holders of a Grenadian passport may participate in the US visa program by acquiring an E-2 Investor/Business visa. This perk is not offered by any other Caribbean passport. As long as the investor renews the visa and continues to adhere to the program’s requirements, they retain their residency status and may continue operating their US-based business.
Since Grenada is a part of the Commonwealth of Nations, which is led by Queen Elizabeth II, this makes moving to other Commonwealth countries like Canada, Australia, and India so much easier. That means you will likely have a higher opportunity to get a UK visa if you are a Grenadian citizen.
5. Better educational and medical systems
Grenada offers a free elementary through high school education system that follows British standards. Citizens of Grenada are eligible for a 90% discount on university tuition. As a citizen of Grenada, you will have the opportunity to benefit from a British education – one of the best educational systems in the world, with extremely affordable tuition fees.
A report by the World Health Organization stated that Grenada has one of the top healthcare systems in the Caribbean in 2000. The goal of the Grenada health policy is to guarantee that every citizen has access to medical care, so both public and private medical facilities are readily available throughout the nation at very reasonable costs.