citizenship by investment in grenada

Caribbean Investor Program

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Some Statistics on Grenada

Obtaining a Grenada passport stands amongst one of the most hassle-free avenues for anyone looking to explore citizenship by investment programs. There are many advantages to this option; but first, let’s explore some facts on the country itself.

Population

Grenada has a population of about 111,454 over an area of 348 km². The density of Grenada is 319 people per km².

Currency

Like all of the Organisation of Eastern Caribbean States (OECS), Grenada’s currency is the Eastern Caribbean Dollar (XCD). The island’s current is set at a fixed rate to the USD = 2.7 XCD.

Capital City

The capital of Grenada is St George’s, it is also the islands biggest city, with an estimated population of 34,000.

Languages

English is the country’s official language. Grenadian Creole English and Grenadian Creole French are also spoken on the island.

Climate

Grenada has a tropical climate, meaning it is hot throughout the year. The average annual temperatures are usually around 28°C.

GDP

The GDP of Grenada represents less than 0.01% of the total world economy and is worth $1.21 billion.

About Grenada

Grenada is located in the Caribbean Sea, towards the southern end of the Grenadines island chain. The West Indies sovereign state consists of Grenada and six smaller islands to the north of the main island.

Grenada is renowned for its production of nutmeg and mace crops. The country is known as the “Island of Spice” due to large amounts of spice that it exports.

The Caribbean island has no shortage of unspoilt white-sand beaches and luxurious beachfront resorts.

Benefits of Second Residency in Grenada

Government

Economically, legally and socially stable country which is part of the Commonwealth realm, with a democracy based on the British parliamentary system.

Visa treaties

Grenada is the only Caribbean country that has a treaty with the USA. By obtaining a local passport, you are eligible for the US E2 non-immigrant visa, plus visa-free travel to China.

No travel requirements

As beautiful as it is, there is no need to travel to Grenada to obtain citizenship. The whole application, from beginning to end, can be done remotely.

Visa-free travel

A Grenada passport by Investment Programme allows you to travel to 142 countries visa-free. This includes the UK, all of Europe, Hong Kong, and Singapore.

Citizenship inheritance

Once citizenship is granted, it is irrevocable and can be passed down for generations.

Tax benefits

Grenada offers a very favourable tax regime. By obtaining a Grenada passport and gaining citizenship, you will not pay capital gains, no inheritance tax, net wealth/net worth tax.