During a recent historic ceremony, officials signed an agreement allowing citizens of Grenada to travel visa-free to the Schengen area countries. Grenada’s foreign minister hailed the ceremony as a major achievement in the relationship between the Caribbean Islands and the European Union, one that will open new frontiers in areas such as business and tourism.
Grenada is appealing to investors for a variety of reasons. The citizenship by investment programme has fast processing—high net worth individuals seeking to obtain a second passport and citizenship can do so within four months. With a passport from Grenada, one can travel to more than 101 countries visa-free. Visiting is not mandatory, there is no trip required during the application process and no obligation for physical residency once the application has been approved. Additionally, Grenada recognizes dual citizenship, allowing applicants to retain their current citizenship.
Tax-wise there are incentives for investors and Grenada also enjoys a stable political environment. As Grenada is a member of the Commonwealth, those seeking to expand educational opportunities for their children are afforded numerous options.
Not to mention, investors are able to see opportunity in the ever-blossoming tourism industry. Grenada is a beautiful island filled with green hills, fruit trees, and of course, nutmeg which gives it the nickname ‘Spice Island.’
Speak with one of our citizenship and residency advisors today to find out how a second passport or residency can enhance your life. Our experts will guide you through the process and match you to the program that best meets your needs. Book a completely free, no-obligation consultation today.Schedule Now