If you are thinking of where to invest your money, you should consider the options provided by Grenada. The small island country has launched a special program known as Grenada Citizenship by Investment (Grenada CBI), which allows getting not only a steady income through investment but also a passport of the country. Go here to read detailed information about the program and continue reading this article to find out the most interesting information on the investment opportunities that it offers.
Understanding Grenada Citizenship by Investment Program
This program has existed in Grenada since 1987. It allows obtaining citizenship of the country by making an investment. The main reason for such a program is to attract investors and boost the country's development.
There are particular requirements applied to investors who wish to get a passport of this country. However, if receiving it is not your goal, you do not have to comply with those requirements.
While obtaining another passport is the main reason why many people want to use this program, lots of them find it attractive to invest in the local property of the rapidly developing country and gain additional benefits.
Such a program allows for enjoying the following advantages:
● Traveling without a visa to more than one hundred different countries;
● Favorable taxation system;
● Other benefits.
How You Can Receive a Grenada Passport
Today, it is possible to spend $220,000 and purchase property approved by the local government, provided that it can be sold in only three years. Usually, you will be asked to invest some money in hotels. There is also another option you can opt for – making a donation, which will not be refunded. The latter choice will cost you less money, but it will not allow you to generate additional income.
Reasons for Grenada Immigration
In order to receive a Grenada passport, you will not have to live in the country. However, there are obvious benefits of Grenada immigration, including the following:
● Social and political stability;
● Rich and vibrant culture;
● Amazing place for living, which has everything for relaxation and various activities.
Therefore, if you wish to live in a small paradise, Grenada would be a good choice for you.
Benefits of Grenada Investment
The island country has shown a steady growth other the past thirty years. Even during the crisis in 2008, its economy grew by 1.6%. The country has a quite low inflation level. Also, it has a well-developed infrastructure.
Over half a million tourists came to the country last year. The rate of visitors keeps growing year by year, and in 2018 it was 12.9%. Due to the increased demand, new flights to the island were added by American Airlines and Air Canada. Lots of property has also been renovated, including Beach Club restaurant, Green Roof Inn, Kimpton Kawana Bay Resort, and others.
The amount of foreign investment in the country has increased in 2018 compared to 2017 by 15 million and reached $127 million. The tourism industry is the most popular in the country. Another booming sector is construction. It takes only up to 31 days to set up a business on the island, and investors can enjoy a favorable taxation system.
Grenada’s investment climate is good, which attracts more and more foreign investors. The country has shown steady growth over many years, particularly in the sectors of tourism and construction.
Moreover, due to the CBI program launched in Grenada, it is possible to get its passport and enjoy a range of other benefits, such as visa-free traveling to different countries, living in an amazing place, favorable taxation, and more. Therefore, if you are looking for good investment options, you should consider investing some money in this country’s property and getting its passport as well.