The Grenada Citizenship by Investment Programme
young adults may obtain preferred access, and in some
cases grants, to top schools and universities.
LIFESTYLE BENEFITS
Grenada offers its citizens social and political security,
reinforced by its membership in the United Nations
and the Commonwealth of Nations. Grenada’s local
community is culturally vibrant, vivacious, and
extremely friendly. Grenada has a long history, and
locals are proud of their national heritage, which they
celebrate throughout the year. Finally, Grenada is the
perfect setting for both adventure and relaxation: its
wildlife attractions, marine life, and national parks make
it an exciting place to explore, while its super-yacht
marina and pastel towns make it ideal for strolling and
unwinding.
BUSINESS ADVANTAGES OF GRENADIAN CITIZENSHIP
Grenada has no foreign income, wealth, gift, inheritance,
or capital gains tax. There is no restriction on the
repatriation of profits and imported capital. Generous
incentive packages exist including corporate tax
incentives, full exemption from import duties, tax relief
benefits, and export allowance. Grenada’s currency, the
East Caribbean dollar (XCD), is pegged to the United
States dollar (USD). Lastly, there is duty-free trading in
the Caribbean.
INTERNATIONAL MOBILITY
Grenadian citizens can travel without visa restrictions
to more than 115 international and Commonwealth
countries. These include the United Kingdom and all
other members of the European Union, and important
business hubs such as Singapore and Hong Kong.
Grenada is one of very few nations whose citizens can
travel to the People’s Republic of China without first
obtaining a visa.
THE ARTON INDEX
Arton Index is a comparative tool measuring programs
for residence and citizenship from the perspective of
the investor. The Index is constructed by indicators,
grouped in categories. Indicators are based on
ARTON’s industry experience, field analysis, and
assessment of the key factors that high net worth
individuals consider when they choose the program
that will best fit their needs. The Index is revised semi-
annually, in June and in December. Where significant
changes occur in any of the assessed components for
a given country, update is made off these two pre-
determined assessment periods.
KEY FINDINGS
• Both Dominica and Grenada are excelled to
the top mainly due to their recent adoption
of the Schengen visa waiver
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Citizen Grenada
Citizen Grenada
• Bulgaria remains Europe’s program of choice
• UK and the USA rank last mainly due
to the duration and complexity of the
processes but still remain, along with
Canada one of the best migration destinations.
METHODOLOGY
The Arton Index measures how appealing global
residence and citizenship programs are to high net
worth individuals. It is composed of 5 pillars. These
principal dimensions by which programs can be assessed
are divided into industry-related, including Speed, Cost
and Simplicity, and general – Quality of life and Global
mobility.
Each category and its components make the individual
score of a program. The maximum score that a program
can get is 100 points. The methodology is construed in
a way, to allow the application of an assessment grid that
reflects the program type as the index is applied to both
residence to citizenship programs and direct citizenship
programs.
The Index examines all countries that are considered as
major representatives of the global citizenship industry.
As on the last Index update, the countries assessed
include: Antigua & Barbuda, Australia, Bulgaria, Canada,
Cyprus, Dominica, Greece, Grenada, Hungary, Latvia,
Malta, New Zealand, Portugal, Singapore, Spain, St.
Kitts & Nevis, UK, USA. The list may be enriched in time.
COST
Cost is arguably the most important indicator for
most of the investors and it has a maximum weight
of 30 points. The three components that form the
commitment an investor would have to make are taking
into consideration, which are the required investment,
the government fees and the cost of financing, where
applicable. The methodology is based on the assessment
of the cost for a family of 4 – principal applicant, spouse
and two children aged 11-17.
BACKGROUND
Every year, more than 20,000 families are looking
to invest in their future through investor programs
for residence and citizenship. More and more high
net worth individuals are inquiring into available
options and countries are becoming even more eager
to implement legislative policies that will secure their
competitive positioning to attract those high net worth
individuals and thus more foreign direct investments.
The Arton Index is widely used by industry stakeholders
to better assess each program’s specific benefits for
investors who in turn obtain a very clear picture of the
industry and empowers them to make the best choice
when they contemplate on one of the most important
decisions for themselves and their families. CG
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