Updated Time 26 Sep, 2019, 11:51 (UTC+08:00)
A second passport is a great Plan B in case of unforeseen problems in your homeland. Caribbean Islands offer foreigners to get local residency by investment.
Experts say Grenada citizenship is one of the best in that area. It’s popular not only among tourists but entrepreneurs who lead global business too.
The Government of Grenada invites people of impeccable reputations wishing to obtain local citizenship to participate in the investment program. This means that only applicants without criminal records and sanctions on travel to other countries can count on success. Doing legal business is also a must.
In 2013, Grenada established such opportunities to get a local passport:
If you choose the first option, you can sell the property bought for citizenship and return a part or full amount of the investment. This is possible 4 years after the purchase. Interesting fact, other Caribbean islands with a similar program requires at least 5 years after the real estate on their territory was bought.
You can add your relatives to the application for Grenada citizenship. This is advantageous as buying a second passport for your spouse and two children can cost about $ 25,000 in addition to the main investment. All program participants can enjoy the benefits of a Grenada residency equally to locals.
The most important stage is the preparation of documents with notarization and translation into English. Professionals of Migronis help to collect the necessary papers and fill out the submission form within 1 week. They send a package to their representative in Grenada. Your presence isn’t essential.
The whole process from applying to obtaining a passport takes from 3 to 5 months. In the worst case, it can last up to a year. Grenada government may require additional documents.
You may have noticed that Grenada offers the lowest investment costs for a second passport in the Caribbean. This is a significant advantage, which makes foreigners choose the island. Besides, all its citizens receive the following benefits:
An important detail for foreign businessmen is the tax system in the country. To compete with the Caribbean Islands, Grenada offers entrepreneurs the most comfortable business environment. Besides, the local government understands the desire of some of its citizens to be private. Therefore, it has the right to refuse any international organizations to give out information about enterprises in the country’s territory.
The island of Grenada in the Caribbean is known as a popular tourist destination. People from all over the world come here to see exotic landscapes, unusual architecture, and clean beaches. The most popular activities are hiking, diving and sailing. Local agriculture is the cultivation of bananas, citrus fruits, nutmeg, sugar cane, cocoa, etc. These products are a significant part of the export.
The Caribbean is a great place not only for pleasure but also for business. Getting Grenada citizenship is easy, fast and cheap, especially, compared to European countries. At the same time, the local government offers many opportunities and directions.
Global Immigration Services Group (GIS) is an Immigration Services Provider focusing on Second Citizenship by investment programs & Residency Programs.
We offer a variety of Second Passport options including but not limited to; Caribbean Citizenships such as Saint Kitts & Nevis, Grenada and Dominica. European Second Citizenship by investment programs inclusive of Cyprus and Malta. As well as other Residency Programs such as Portugal and Greece...
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