Grenada has a well-established citizenship-by-investment program that was introduced in 2013. The program offers an affordable second passport for families, including children and adults. Investors can donate to the National Transformation Fund (NTF) or buy government-approved real estate. NTF donations start at $150,000, and real estate investments start at $220,000.
Known as the Spice Island, Grenada is a one-of-a-kind Caribbean paradise. The country’s picturesque beaches, world-class restaurants, and unforgettable festivals have made it a sought-after destination for high-net-worth individuals and families seeking second passports and visa-free travel. Grenada citizenship by investment cost is relatively straightforward and inexpensive. You’ll need to pay a fee that starts at $150,000 for a single person or $220,000 for a family, plus invest in government-approved real estate. The good news is, unlike other Caribbean economic citizenship programs, you can recover your investment in three years.
Additionally, Grenada’s tax laws are more favorable than those in the United States. You won’t have to pay any inheritance or capital gains taxes, which can save you thousands of dollars over time. Moreover, the process can be completed entirely remotely. You’ll work with a local and international agent to gather documents and submit them to the authorities for review. You’ll only part with your money once due diligence checks have been conducted and the process is approved. Investing in real estate also offers the added benefit of passive residual income.
Grenada is a highly respected destination for its citizenship-by-investment (CBI) program, which has accepted 1,500 residents annually since 2013. It offers one of the most cost-efficient programs in the Caribbean and has advantageous visa treaties with the US and China. Grenada does not have inheritance or capital gains taxes that can save investors thousands of dollars. CBI participants in Grenada can obtain a passport by donating to the National Transformation Fund or investing in government-approved real estate. The latter option is prevalent, as the minimum investment starts at $220,000 for a share in hotel and resort developments and can rise to $350,000 for fractional or full ownership of non-hotel properties like villas and condos. Once granted, a Grenada passport gives cosmopolitans the freedom to live and work internationally while enjoying visa-free travel in 146 countries worldwide. It also provides exceptional benefits for tax residents, including optimizing their tax burden and generating additional income through Grenada’s generous tax exemptions. Moreover, the program was developed with families in mind, as investors can include their spouses, children, parents, and siblings.
Grenada’s Citizenship By Investment program is one of the best in the Caribbean. It offers many benefits, including a stable government, a booming trade climate, and lifestyle perks as an island paradise. The CBI program is also relatively fast compared to other programs, with applicants usually receiving their passports within 60 days after submitting their application.
Applicants can obtain citizenship by investing in real estate development or donating to the National Transformation Fund (NTF). The NTF option requires a lower minimum investment. However, there is a government fee associated with this option. Investing in the real estate option is more expensive, but it also allows investors to recover their initial investment after a mandatory holding period of three years. Unlike many other economic citizenship programs, Grenada allows dual citizenship, making it an ideal choice for families who wish to live abroad while maintaining their original citizenship. Grenada is also renowned for its stability, with a democratic government and a system of checks and balances that ensure the people are truly represented by their elected officials.
Grenada offers a reliable investment opportunity for high-net-worth individuals who want to improve their family’s global mobility and security. The country has been recognized for its stability, robust tourism industry, and booming trade climate. Government regulations back the program and provide a fast turnaround on citizenship applications, making it one of the world’s most reliable economic citizenship programs. The program has two routes for citizens: a $150,000 contribution to the nation’s National Transformation Fund or a real estate investment. Both options offer visa-free or visa-on-arrival entry to 153 countries. This international mobility and business flexibility can be especially beneficial for entrepreneurs, as the country has an E-2 Visa Treaty with the United States that allows its citizens to live and work in America. The country’s tax policies are also favorable, with no withholding or inheritance taxes and a low corporate tax rate. It makes it an excellent destination for those looking to minimize their tax burden while still enjoying the perks of a Caribbean lifestyle.
Grenada’s economy is one of the most hospitable to its citizens regarding freedom. Its low crime rate and tropical climate are a recipe for relaxation, and its residents know the value of taking it easy. Its government is stable and transparent. The country uses a Westminster Parliamentary form of democracy, so its citizens are truly represented by their elected officials. This stability is another factor contributing to the integrity of Grenada’s CBI program, as it prevents its leaders from making decisions that could hurt investor interests. It also has a shallow tax threshold for locally-derived income and a zero-tax rate for internationally-derived income. It helps investors minimize their taxes and maximize the return on their investment. Plus, it’s family-friendly – dependent parents and siblings can be included with the principal applicant’s citizenship application. The entire process can take place remotely, and there is no need to travel to Grenada during the application. It makes it an excellent option for busy individuals wanting financial and travel freedom quickly.