The government of Grenada released an official program that enables you to obtain for the Grenadian Citizenship. It is an effective tool for international tax planning and financial privacy for banking and investment. As it is located in Caribbean Sea, you have easy access to the United States and Canada.
The advantages of Grenadian Citizenship and why to obtain:
Grenada is a safe and stable Country as part Commonwealth (well-known as the former British Commonwealth). The judiciary system is originally based on English Common Law. The applicants are required to invest in a new developed property at least 350,000 USD. It is a straight forward and fast application process within 3 months. The application is for a family with up to 4 member’s (children up to 26 years and dependent parents). Additional members can join on an extra government fee. You have Visa-free access to 130 countries, including Canada, the United Kingdom and the Schengen Area. Access to E2 Visa treaty with the United States (only 3 hours flight from Miami, 4 hours from New York) Joining the CBI (Citizenship by Investment) program you will be not liable to any income tax, capital gains tax or inheritance tax.
Investment criterion and conditions:
- At least an Investment of 350,000 USD in a residential real estate and 15% deposit payment to the developer for submission of Citizenship application. The property investment may be sold after 5 years.
- The submission of application to the CIU (Citizenship by Investment Unit) has to take place through a licensed agent.
- Payment of the mandatory due diligence fee for passport application. Kindly note, that the government fees are not refundable.
There is no need to visit Grenada to collect the passport, it can be delivered to your attorney and can be sent by courier and there is no request to live in Grenada.