There are many benefits to the Grenada Citizenship by Investment programme, especially when compared to similar programmes offered by neighboring islands.
The role of “selling” the programme is typically the responsibility of the Marketing Agent, but this article seeks to summarise the key advantages of the programme.
The programme itself is relatively straightforward, as far as citizenship by investment programmes go, with minimal processing fees, no interview, and no requirement to reside in Grenada before or after citizenship is granted. The application process is confidential, with no disclosure or exchange of information with other governments or bodies, expect where required as part of due diligence checks, which are performed by an authorized due diligence agency. Applicants do not need to demonstrate evidence of academic or professional experience.
Grenada offers a well-known and established investment environment, with a stable currency, reliable infrastructure and democratic government. Successful applicants are entitled to the same rights as any other Grenadian citizen, including the right to live and work in Grenada, or within the wider Caribbean Community (CARICOM). Grenadians are granted social and political security, reinforced by the country’s membership of the United Nations and the Commonwealth of Nations. The local culture is vibrant, vivacious and friendly, and offers a host of activities, including sailing, diving and hiking.
Grenada has no foreign income, wealth, gift, inheritance or capital gains taxes, and there is no restriction on the repatriation of profits and imported capital. Generous incentive packages exist, including corporate tax incentives, full exemption from import duties, tax relief benefits, and export allowance.
Grenadian citizens enjoy visa-free access to 125 countries and territories around the world, including the UK, EU countries, China, Hong Kong and Singapore, and also have the opportunity to apply for the US E-2 visa. For more details please visit the Visa Free Access page.