Some would argue that the Grenada Citizenship by Investment Program is one of the best opportunities an investor could take advantage of. This program features extremely fast processing times—one could obtain a passport in as little as 4 months.
Adding to the convenience of the fast processing time is the fact that one doesn’t even have to set foot in Grenada for an exploratory visit in order to obtain citizenship. Another optimal feature is that physical residency is not required.
Spice Isle, as Grenada is known, offers many advantages for business investors. As part of the Commonwealth, Grenada features unlimited educational opportunities abroad for children of investors. Another enticing feature of this programme is that those granted a second citizenship may be eligible to operate a business and reside in the United States under the E-2 VISA programme. Not to mention, applicants will enjoy Visa-free travel to 138 countries, including the UK and all other members of the EU.
While one can quickly and easily apply for a passport to paradise via the Grenada program, it is just as simple to retain current citizenship as Grenada recognizes dual citizenship. Dependant children under 26 years old, and dependant parents aged 65 and above can be included and issued passports as well.
Advantageous from a tax perspective—Grenada has no wealth, gift, inheritance, foreign income, nor capital gains tax.