Would you like to live in the middle of the Caribbean Sea and use an official Grenada passport? Many investors have that opportunity! Investment programs of the alluring island allow you to formalize a second citizenship and gain access to numerous advantages:
- moving the whole family into their own property;
- the possibility of having two passports;
- the use of the tax system.
Getting a strong passport on the island is easy enough. The government intends to attract foreign investment for the development of their country. Advantageous conditions for wealthy investors https://imin-caribbean.com/grenada-citizenship-en/ allow not only to get citizenship, but also numerous benefits of Grenada citizenship.
Table of Contents
Visa-free regime
Thanks to the agreement with the countries, citizens of Grenada travel with minimum documents. Visa and other bureaucratic procedures will no longer be an obstacle for planning vacations or business trips to different countries of the world.
Citizenship of the Caribbean island makes you forget about borders and visit more than 100 countries of EU and Schengen area. Great Britain, Germany, Switzerland and other countries allow you to enter their territory without a visa. In rare cases, documents will be required on arrival.
Affordable cost
The investment program of the island is very popular because of the minimum rules for entrepreneurs. To obtain a second citizenship will need to invest 150 thousand dollars in the development fund and other projects that are listed by the state in a separate list.
Buying real estate is also quite an attractive idea. In this case, the cost of a passport will be about 220 thousand dollars. Given the data of an expert Svetlana Gorchakova (agency Immigrant Invest), this is a small price for a set of Grenada passport benefits
Minimum requirements for investors
Investment programs of other countries require staying in the territory for a certain period of time. As for the Grenada offer, investors are not required to:
- make the application for the status in person;
- reside permanently in the country;
- to wait for a long time for the decision of the embassy.
The registration procedure takes not more than 3 months. Prompt processing of applications of candidates under the investment program is guaranteed, and this is another Grenada citizenship benefit that allows you to quickly move your company to the island.
Attractive taxation system
Paying taxes is an issue that worries many investors. The dual taxation can be eliminated by applying for the program. In addition, citizens of the country receive other tax benefits, including:
- exemption from tax on imports of goods and products;
- lack of strict requirements for the export of products;
- availability of exclusive corporate benefits.
The country’s currency is pegged to the U.S. dollar, so investment is the most stable. This data is confirmed by international standards, which allow to assess the profitability of investing capital in public funds and projects.
Economic stability
Entrepreneurs who intend to make Grenada a decision-making center will not regret their choice. Business owners, corporations and other commercial organizations use Grenada citizenship by investment from the economic stability of the region.
Trade in the Caribbean is tax-free, which benefits entrepreneurs who are developing a new line of business. There is no repatriation of capital or profits, which also saves corporations and small businesses money.
Conclusion
Grenada stands out among other Caribbean countries because it offers many attractive benefits to new residents. Economic and political stability, as well as excellent geopolitical position allows for safe business activities.
