Top 5 Benefits of
Grenada Citizenship By Investment
Invest in Grenada Citizenship
Are you looking for an investment that allows flexibility, travel and growth opportunities and more? For people with the capital to invest, Grenada Citizenship By Investment is a path to solidify the future for you and your loved ones.
Today, more than any time in recent memory, savvy investors are looking beyond the usual investment classes when it comes to expanding their portfolio, and there is one option that checks all the boxes – Grenada second citizenship. If you want improved personal economic opportunity, and you want it swiftly, Grenada’s second citizenship program is an excellent choice.
The Grenada citizenship program has established itself as a major draw for wealthy investors. It has been set up as a vehicle for driving economic growth on the Caribbean island. A Grenada passport allows investors to attain citizenship in a relatively short period of time. It also offers flexibility with minimal qualification requirements.
Not only is the process towards requesting and being granted citizenship in Grenada swift and relatively straightforward, there are many additional benefits. The Grenada passport provides you access to over 140 countries with a visa-free or visa-on-arrival terms. This includes many of the important business centers globally. In fact, Grenada is one of only 11 nations whose citizens can travel visa-free to the Republic of China.
The Top 5 Benefits of Investing
Let’s review the top 5 benefits that the Grenada second citizenship program offers and the ways it can benefit not only your business, but your family as well.
- The application process is fast
Grenada’s Citizenship by Investment is highly sought after for a number of reasons, not least of which is its application process, which is one of the quickest in the world. Should you need to secure second citizenship without many hurdles, Grenada is a strong option for you. In fact, your application could be approved within 120 days when you invest in real estate on the island.
- There is no residency requirement
You do not need to be a resident of the island to achieve and maintain your status as a Grenadian citizen. Visiting the country is not even required to secure your citizenship application. In fact, there are not any other requirements one can consider strict either. This is a benefit over other citizenship opportunities as some of them can require that you learn the basics of the country’s language, for example. When you acquire Grenadian citizenship, it is for life. What does that mean? The investment you made in Grenada Citizenship by Investment is securely protected so you know you will be able to enjoy the benefits for years to come.
- Dual citizenship is recognized
If you’re seeking to expand your opportunities with a second passport, with some countries, there are requirements that you have to renounce your current existing citizenship.. Grenada officially recognizes the classification of dual citizenship, so you are considered a citizen of both Grenada as well as your home nation. In fact, your new nationality will not be disclosed to your home nation which would afford you a tremendous amount of privacy.
- Additional family member citizenship option
For those thinking in terms of options for their family as well as themselves, Grenada’s second citizenship program is a surprisingly cost-effective path to gain full family citizenship. By opting into the Grenada second citizenship, your initial investment will include any of your children under the age of 30 and your dependents including parents of all ages. Other investment programs have much more stringent rules about what defines someone as a dependent. In fact, Grenada’s citizenship program allows not only your spouse, but also your unmarried siblings with no kids, your dependent children (who are below the age of 30) and your parents.The investment itself, government and processing fees aside, would be the same for an individual applicant as it would be for a family of four.
This is one of the most robust second citizenship opportunities in the world. In fact, you could say that it is one of the only second citizenship opportunities that reflects the actual reality that many of us face today. Current world circumstances, both economic and social, don’t conform to the standard nuclear family size any more. In many cases families are comprised of adult dependent children, unmarried siblings and dependent parents. An additional benefit that Grenadian second citizenship offers is that the applicant’s children and young adults may obtain preferred access, and in some cases even grants, to top schools and universities.
Choosing the Grenada Citizenship by Investment option means that you can provide for all of your family, not having to leave anyone behind. Grenadian second citizenship can be seen as providing equal opportunity in the truest sense.
- An investment that is cost effective
Grenada Citizenship by Investment program provides for a real estate investment option. So, in addition to your second citizenship, there is the potential for returns on your property investment. The tourism industry in Grenada is flourishing so your investment there will place you in good stead. There are significant opportunities to parlay your real estate investment into growth opportunities that Grenada currently has in the tourism and hospitality arena. Among the many financial benefits of investing in Grenada include the fact that the country has no foreign income, or tax on wealth, gift, inheritance, or capital gains. Not only that, there is no restriction on imported capital or the repatriation of profits and generous incentive packages exist including corporate tax exemption, full exemption from import duties, tax relief benefits, and export allowance.
About Range Developments
Range Developments is an investment and hospitality company, operating across the Eastern Caribbean. As a regional leader in CBI development, Range Developments prides itself in delivery of a product to the highest quality and is fully committed to success of its Citizenship by Investment projects.
Range is the only CBI developer who has completed two 5-star luxury resorts. Range Developments’ flagship project, the ultra-luxury 5-star resort Park Hyatt St.Kitts is complete and fully operational since November 1, 2017. The second project, the Cabrits Resort & Spa Kempinski, Dominica opened its doors to guests in October 2019 and was listed among “The hottest new hotel openings of fall 2019” by Condé Nast Traveler and named by Forbes “The most anticipated new Caribbean hotels for 2019 and beyond”.
