There are many benefits to gaining citizenship in Grenada. For starters, the tax regime is very advantageous; there is no inheritance, capital gains, or income tax. Citizenship is also easily transferable and can be passed down through the family. The application process is simple, and you do not need to speak the local language. Grenada is a member of the EU, and its large number of international banks makes it easy to make foreign exchange transfers and maintain money in deposit accounts.
No Tax On Worldwide Income
Investing in Grenada can be a tax-efficient option for investors who need to minimize their tax liability. The country is a member of the Caribbean-Canada Trade Agreement (CCTA), which promotes trade, investment, and industrial cooperation. Its laws are also friendly to foreign companies and individuals. Besides, there are no restrictions on repatriating profits, capital, or dividends. However, investors must comply with certain regulations, such as not investing in enterprises that could harm national security, public health, or culture. There are many advantages to investing in Grenada. The island is surrounded by water and is about 200 km from Venezuela, making it an ideal location for foreign investors. Furthermore, Grenada is part of the Citizenship by Investment (CBI) program and has tax exemptions for foreign investors.
No Inheritance Tax
A Grenada citizenship by investment program allows you to own real estate property on the island. You must make an independent investment of $350,000 or more to qualify. If you are a joint investor, you must make a joint donation of at least $220,000. In either case, your investment must be held for a minimum of five years. The application process is straightforward and hassle-free. Once you’ve found an investment opportunity, you can submit the required documents. You’ll need your current passport, a photo ID, a police clearance certificate, an education certificate, and proof of address and source of funds. The process will take around two weeks, and you will receive your passport in the mail.
Visa-Free Travel To 153 Countries
Grenada’s citizenship by investment program allows for visa-free travel to 153 countries. This includes the USA, China, Russia, the UK, and many other countries. Additionally, citizens of Grenada can apply for a US E2 treaty investor visa if they have invested in a business in the USA. To apply, you need to invest a minimum of $150,000 in a government-approved real estate project in Grenada.
If dual citizenship is important to you, then the Grenada citizenship by investment program is your best option. Grenada is a commonwealth country with a low cost and attractive citizenship by investment program. In addition, a passport from Grenada is the key to obtaining the US E-2 business visa. A Grenadian passport also offers visa-free travel to 153 countries, making it the ideal travel destination for business travelers.
No Property Tax
You can get citizenship in Grenada if you invest in real estate. However, you must own the property for at least five years to qualify. You can only invest in pre-approved real estate projects. These are mostly luxury villas and resorts. You must also support your spouse and unmarried siblings to participate in the Grenada citizenship by investment program. The government of Grenada’s Citizenship by Investment Committee (CBIC) will assess your application and perform due diligence checks. You will have to complete four forms and submit proof of address and source of funds.
