WHAT IS CBI?
Citizenship By Investment (CBI) is a government programme aimed at attracting foreign direct investment into the country by offering citizenship in exchange for an investment into Grenada. In 2013, Grenada launched its CBI programme for people around the world looking for a user-friendly second citizenship. Processing is fast and efficient, and its 3-year real estate investment term is the shortest property hold period in the world at this price tier. The programme has a robust vetting process in order to ensure its continued integrity.
ADVANTAGES OF HAVING A SECOND CITIZENSHIP
If you are experiencing political or economic instability in your own country, having a second citizenship provides peace of mind and security. It enables you to provide the best for your family in terms of security and education, and to safeguard your personal assets.
From a business and freedom perspective, a second citizenship provides visa-free travel, which can open up new markets to help individuals grow their wealth and take advantage of different tax regimes.
Grenada’s CBI programme allows individuals and their families to obtain Grenadian citizenship. Applicants must apply through licensed agents, and can buy Government-approved real estate like Kimpton Kawana Bay’s from US$350,000. The Grenada CBI programme has been developed to have distinct advantages over other citizenship options in the Caribbean.
HOW IT WORKS
BENEFITS OF GRENADIAN CITIZENSHIP:
- SAFE INVESTMENT -
Grenada has a strong economic outlook and is a good place to invest. Over the last few years, the economy has grown steadily at an average of around 5% per annum and the tourism industry registered record growth in 2017.
- BENIGN TAX REGIME -
No foreign income, capital gains, gift, wealth or inheritance tax is payable in Grenada. To attract businesses, there are corporate tax incentives, full exemption from import duties and no restriction on the repatriation of imported capital and profits.
- VALUE FOR MONEY -
Grenada’s CBI programme allows dual citizenship and has the most inclusive definition of “family” of any CBI programme. Dependent parents, grandparents, and children under the age of 30 can all be included.
- ECO-FRIENDLY ENVIRONMENT -
Grenada’s government is intent on preserving the natural environment and has launched a new project aimed at providing green energy to rural areas.
- ACCESS TO TOP SCHOOLS -
Not only do citizens have access to top schools but also to Grenada’s private international university, St George’s. Here your children can study medicine, veterinary medicine, nursing, arts & sciences, and business.
- QUALITY OF LIFE -
Grenada offers you and your family a quality of life hard to find anywhere else in the world these days.
- IDYLLIC LOCATION -
Grenada is a beautiful, exotic country with an idyllic climate and extremely friendly people.
- VISA FREE TRAVEL -
Grenadian Citizenship grants you visa-free travel to over 120 countries including the EU Schengen area, the UK, China, Singapore, and Russia. It is one of a select few countries in the world that has a 30-day stay permit (visa waiver) with China.
- A SECURE ENVIRONMENT -
Grenada is a stable democracy with few political or social issues. It is one of the safest islands in the Caribbean.
- A SUSTAINABLE PROGRAMME -
Grenada’s CBI programme is carefully managed with rigorous background checks to ensure the programme has longevity.
- PROTECTION AROUND THE WORLD -
Grenada is a member of the United Nations, the OAS (Organization of American States) and the Commonwealth, which offers personal protection in member countries across the globe.
- USA E-2 VISA -
Grenada is the only country in the world that has an active Citizenship by Investment programme and a 5-year bilateral investment treaty (E-2 Investor Visa) with the United States. Provided that your Grenadian citizenship and E-2 visa applications are approved, you can live in the US to operate a business there.
- MARKET ACCESS -
Grenada’s Maurice Bishop International Airport has direct flights to New York, Miami, Atlanta, Toronto, London, Frankfurt and a number of Caribbean countries.
- SPEED AND CONVENIENCE -
It takes approximately 120 days to process your Grenadian Citizenship. No interview, management experience or qualifications are necessary. You don’t even need to live in Grenada to have citizenship.