Why choose Grenada for a second passport?

In today’s fast paced world, the attainment of a secondary citizenship is seen as an ideal diversifying strategy for HNW individuals and is now in full bloom. Several jurisdictions, a number which is ever on the rise, are seeing the benefits of creating a direct route to fast-track citizenship with no residency requirements. Grenada is one of these countries which launched the Grenada Citizenship by Investment Programme back in 2013. In 2017, ‘economic citizens’ find themselves spoilt for choice when it comes to taking up a secondary residence, and thus it is ideal to explore the benefits which such programmes offer in order to ascertain which programme best suits your needs.

Grenada – the ‘Spice Island’ of the Caribbean

While the Grenada Citizenship by Investment Programme offers several economic and mobility benefits to its new citizens, the beauty of the three main islands of Grenada is one of the many reasons why a visit to this Caribbean island is more than worthwhile. Known by many as the ‘Spice Island’, owing to the vast variety of spices which are grown locally, Grenada offers breath-taking scenery which has drawn several high net worth investors to invest in the island. From stunning waterfronts to lush greenery and pristine beaches which appeal to the nature lover, to a whole plethora of activities such as swimming, diving, snorkelling, sailing and hiking which evoke in us sense of adventure to amazing festivities spread throughout the year, Grenada has something for everyone.

This small island in the Caribbean is enjoying steady economic growth and political stability, with virtually no crimes, and offers a good standard of living to all its citizens. Owing to its historic roots with the British Empire, the population is English speaking, with French being a commonly spoken language as well. Grenada is a full member of the Commonwealth of Nations, as well as the Caribbean Community and Common Market (CARICOM) and the World Trade Organisation.

Benefits of the Grenada Citizenship by Investment Programme

Within less than three months, you can become a citizen of Grenada under the Grenada Citizenship by Investment Programme. Grenadian citizenship confers a number of benefits to new citizens. Main applicants may also include their dependents in the application, including dependent children under 25 and dependent parents above 65, with no residency requirements in Grenada before, during or after the application. The applicants are not subject to an interview, nor do they require a minimum standard of education or managerial experience to be eligible for this programme.

One of the main draws of the Grenada CBI Programme is the freedom of mobility which it confers. Successful main applicants and their dependents will benefit from unrestricted rights to live, travel and study in the CARICOM. Moreover, they will enjoy visa-free access to over 120 countries, including Europe’s Schengen Zone. Moreover, citizens of Grenada benefit from access to the United States’ E-2 Visa Programme which allows the citizens of Grenada to operate a substantial business in the U.S, and reside therein, making it an ideal programme for non-US businessmen seeking access to the U.S. Moreover, citizens will benefit from a 0% tax on worldwide income.