Grenada is a tropical paradise in the Caribbean that often goes overlooked due to its lack of lavish hotels compared to other popular destinations in the region. However, Grenada should not be underestimated and is well worth considering as a potential retirement location.
In addition to its stunning beaches and tropical climate, Grenada also offers a citizenship by investment program that is considered one of the best in the Caribbean. The program provides two options for obtaining Grenadian citizenship: a donation of $150,000 to a government-sponsored project, or a real estate investment of at least $350,000 in a property bought from a registered agent.
Grenada’s citizenship by investment program is also one of the fastest, with citizenship typically granted within two months. There are no additional fees or taxes to pay when investing in Grenada, and although it is recommended to be a high net worth individual, there is no specific threshold that needs to be met.
One of the key benefits of Grenada’s citizenship by investment program is that it does not require physical residency or even a visit to the country. This means that individuals can obtain a Grenadian passport without ever setting foot in Grenada. Other benefits of Grenadian citizenship include no tax on worldwide income, the ability to include dependents (children and parents) in the application, no interview requirement, and no physical residency requirements.
To be eligible for Grenada’s citizenship by investment program, applicants must meet certain criteria, including having a clean criminal record, excellent health (as certified by a doctor), the ability to financially support themselves, and being of outstanding character. Additionally, public records are not legally allowed to be disclosed to local or foreign authorities, making Grenada a top choice for individuals seeking a high level of privacy and secrecy.
Overall, Grenada’s citizenship by investment program is an easy and fast way to obtain a second passport and enjoy all the benefits of Grenadian citizenship. With a donation of just $150,000 or a real estate investment of $350,000, individuals can become Grenadian citizens within two months and only need to visit the country once. This is an opportunity that is hard to come by elsewhere in the world.