Grenada is a Caribbean island that gained its independence from the United Kingdom in 1974 and which today has 110 thousand inhabitants, in an area of only 344 km2. They speak English there and the country’s capital is St. George’s. In 2013, the Government decided to relaunch its Citizenship by Investment Program – one of the most expensive in the Caribbean with, however, the greatest advantages offered to those who opt for it – after suspending it some time ago.
The Citizenship by Investment Program of Grenada is attractive for two reasons: it is possible to travel, with a passport from Grenada, to 135 countries without needing a visa and offers great options for receiving the United States’ E2 visa. In addition, the subject of taxation attracts a lot of attention, since there are no taxes on income, inheritance or wealth in Grenada.
The government accepts all applications without restrictions; however, it reserves the right, after an in-depth investigation, to accept applications or not.
Grenada’s Citizenship by Investment Program considers two options: making a donation to the governmental National Transformation Fund and carrying out a real estate investment. In the case of a donation, the amount sent to the Grenada National Transformation Fund must be 200 thousand dollars by the investor, whereas in the citizenship by real estate investment option, purchasing property in Grenada for a minimum value of 350 thousand dollars is necessary, and this property cannot be sold for a period of at least 4 years.
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