Investing in Grenada – A Great Way to Become a Global Citizen
Investing in a Grenada passport allows you to become a citizen of 127 countries. The passport is also a passport with E2 Treaty Investor visa eligibility. With your Grenada passport, you can travel across the globe without fear of having to worry about immigration restrictions.
The minimum investment is to buy a Grenadian passport.
Investing in a Grenadian passport is a great way to become a global citizen. There are many benefits to obtaining citizenship from Grenada, and the cost of access is relatively affordable.
A Grenadian passport gives its holders visa-free entry into 143 countries. It also allows visa-on-arrival to the Schengen Area. This passport also grants its holders the opportunity to apply for the US E2 Investor Visa.
A Grenada passport is lifetime citizenship. It provides its holders with visa-free travel to 140 countries, including the US. It also offers visa-free entry to China, Hong Kong, and Singapore.
A Grenada passport requires a minimum investment of $220,000, regardless of the number of family members. This investment can be made in real estate, an off-plan hotel, or a spa and holiday resort. It can be recouped after five years.
In addition to visa-free travel, a Grenadian passport gives its holders significant tax exemptions. The island has no inheritance, capital gains, or wealth tax. It also has no income tax.
In addition, the Grenadian government has passed legislation to help tax residents optimize their taxes. This legislation also supports the local economy by developing alternative energies and tourism.
E2 Treaty Investor Visa eligibility
Whether you are a Caribbean national or from another part of the world, the E2 Treaty Investor Visa is an opportunity to live and work in the USA for up to five years. To qualify, you must make a substantial investment in a US business.
This can include a real estate investment, company shares, or a registered business. You must also have a good business plan. For example, it should detail your plans for hiring employees in the US.
It may be possible to put your money in an escrow account. This is likely necessary if you are purchasing an existing business.
To obtain your E2 visa, you must complete a DS-160 form online. After you submit your application, you must pay the required processing fees. Some embassies can process your application in a few weeks. Other embassies may take months.
You may also be able to include your spouse and dependent children under 21 in your E2 visa. However, they will need to find another US visa category.
To obtain your E2 Treaty Investor Visa, you must invest in a business that will produce income for you and your family. You must also be able to leave the US after your E2 visa has expired.
You can also get an escrow account to hold the money you invest in your new business. First, however, you must ensure that the company you are creating will be confirmed and active.
Access to 127 countries with a Grenadian passport
A Grenadian passport will allow you to visit 140+ countries without applying for a visa. It also gives you access to a backdoor to the United States. Besides this, Grenada has had a stable government for over 35 years. It is also an offshore haven, allowing investors to enjoy crystalline shores and pristine rainforests.
The government of Grenada has implemented significant infrastructure improvements. They have also attracted high net-worth individuals. They have also improved security in recent years. Besides this, Grenada offers some tax relief benefits.
The country has a robust economy and a stable government. Grenada’s citizenship by investment program has been an essential driver of the economy. In 2019, Grenada raised a record amount of money. The program raised over $61 million.
The CBI program offers several tax benefits. For instance, revenue earned outside the country is tax-free. It also provides corporate tax incentives. Additionally, the government has no inheritance or wealth taxes.
The CBI program also offers visa-free travel to Russia and China. In addition, the government also provides an export allowance and complete exemption from import duties.
The CBI program has been tightened recently, requiring applicants to donate or invest in real estate. Depending on their chosen route, applicants must provide proof of funds and a full birth certificate. They must also take an Oath of Allegiance and pay a small fee.
The economic stability of Grenada
During the past two decades, Grenada’s economy has shifted from agriculture to services. Tourism and hospitality are the fastest-growing sectors of the Grenadian economy. The country is also home to many young, English-speaking workers.
Tourism is the country’s leading source of foreign currency. However, the global economic slowdown has impacted tourism. It is also important to note that natural disasters have hit Grenada in the past. For example, hurricane Ivan struck in 2004 and Hurricane Emily in 2012. Both caused substantial damage to the country’s infrastructure.
Grenada has a highly educated workforce and good industrial relations. However, the government needs to balance the budget. This has led to low inflation and moderate wage increases. The government has also passed reforms to protect investors.
The Citizenship by Investment (CBI) Program has been implemented to encourage investment. This program has also had a positive effect on manufacturing. However, there are concerns about fraud.
Corruption remains a significant concern in Grenada. Politicians have been alleged to have accepted kickbacks from government contracts. However, the NNP denied the allegations.
In April 2019, Grenada’s government passed reforms to protect investors’ and investors’ interests. These reforms include an amendment to the Mutual Exchange of Information on Tax Matters Bill. The amendment requires public officials to disclose their assets.