Grenada Citizenship: Features & Benefits
In recent years, many countries have developed citizenship by investment programs to obtain their citizenship. There are several types of investments that vary between countries one of the main citizenship by investment programs Is real estate investment with governmental approved projects, the second option is the financial contribution were you can invest in nonrefundable contribution to the government. What distinguishes Grenada from all the Caribbean countries is that it has many diverse options for real estate investment and the privileges that the investor will gain after Grenada real estate by investment option.
Grenada Citizenship through Real estate investment option:
There are many numerous factors that influence the investor’s decisions in choosing the right country to invest in. Grenada is one of the important countries that have real estate investment program and it meets the investor’s requirements:
- The cost of processing and is very low compared with other countries that own the same program.
- The application requirements are very simple and do not include the requirements for a personal interview, proof, and quality of an education certificate or proof of certain practical and administrative experience.
- No requirement to reside in Grenada before and after citizenship is granted.
- Grenada has a stable investment environment.
Privileges of Grenada Citizenship by Investment Program:
Individuals, who obtain citizenship through Grenada’s citizenship by investment program, are entitled to the same rights as any other Grenadian citizen. These include the right to live and work in Grenada and the rights that are associated with membership of the Caribbean Community (CARICOM)
One of the main things that attract investors to obtain Grenada’s passport is that they can hold dual citizenship, and citizenship may be extended to family members, such as a spouse, dependent children, and dependent parents. Children and young adults may obtain preferred access, in some cases grants to one of the top schools and universities.
Lifestyle benefits in Grenada
Grenada offers its citizens social and political security since its reinforced by its membership in Commonwealth nations and the united nations. Grenada local community is cultured, vibrant and friendly. Grenada has a long history and locals are proud of their national heritage which they celebrate throughout the year.
Grenada! It is an ideal place to choose to live in. Whether it is adventure or recreation, it ensures a diversity of lifestyle that varies between wildlife, marine life, national parks and is an important place to explore and adventure. While it’s various cities and towns containing sea yachts is an ideal place to relax and break the routine of life.
Business Advantages of Grenada Citizenship
This is your most important point to be a citizen of Grenada, where you will have strong privileges in your investments and trade! Why? Because Grenada does not impose any taxes on income, wealth, or inheritance tax; nor impose any tax on foreign capital. There are no restrictions on profit return or on imported capital! On the contrary, there are strong tax incentives including corporate tax incentives, full exemption from import duties, and the benefits of tax breaks in general.
In addition, the most distinctive feature of the economy of Grenada is its Caribbean currency, XCD, which is linked to the United States dollar (USD), and there is duty-free trading in the Caribbean.
Grenada citizens can travel without any visa restrictions to more than 115 international countries around the world and Commonwealth countries; these include the United Kingdom and all other members of the European Union and to all the Commonwealth countries.
This is not just it, but also the holders of Grenada’s passport are entitled to enter important business hubs such as Singapore and Hong Kong! And also Grenada is one of the very few nations whose citizens can travel to China without obtaining a visa.