Citizen Grenada Citizen Grenada | Page 32

Investing in Paradise GRENADA HAS ONE OF THE WORLD’S TOP RANKED CBI PROGRAMS Generally, if you are in the market for a second citizenship, you want it quickly with maximum global access and minimum hassle. Furthermore, if the property you are buying has a similar resale value to your initial investment cost, you may well have found the perfect citizenship package. MAXIMUM GLOBAL ACCESS Citizenship of Grenada grants you visa-free travel to 124 countries including the EU Schengen area, the UK, China, Russia, Singapore and the UAE. It is one of a select few countries in the world that has a 30-Day Stay Permit (visa waiver) with China. But the most exciting part: once your Grenadian citizenship is approved you can apply for the US E2 visa. Grenada is the only country in the world that has an active CBI program and whose citizens are eligible for the US E-2 Investor Visa, which allows foreign nationals to start businesses in the US and live there to operate them. SIMPLE QUALIFICATION PROCESS • No physical residency requirement • No need to visit Grenada during the application process • No requirement to reside in Grenada before or after citizenship is granted • No education or management experience required and • Minimal processing fees GRENADA’S CITIZENSHIP PROGRAM Grenada also has a source-based taxation system with zero taxation on income earned abroad. Applicants must contribute either $200,000 as a donation to the government or invest a minimum Citizen Grenada Applicants must be of outstanding character, in good health and have no criminal record. There is no requirement to visit for an interview for the Grenada citizenship program. In fact, there is no need to travel to the country to complete the application, or indeed to reside there once citizenship is approved. Grenada’s CBI program and Kimpton Kawana Bay provide a fast, financially sound citizenship investment opportunity, that gives global access rights that other CBI programmes around the world simply cannot rival. Grenada’s Citizenship by Investment (CBI) program is known for its rigorous due diligence, which ensures that successful applicants can rest easy knowing that the integrity of their new citizenship is protected. Despite the extensive due diligence carried out on applicants, processing times seldom exceed four to five months. 32 of $350,000 in a government-approved real estate project. If they choose the latter, the investor only needs to “hold” the property investment for three years before selling. In addition, there are certain Government fees and taxes to pay on top of the capital cost. Citizen Grenada MULTIPLE BENEFITS Grenada allows dual citizenship, so you don’t have to renounce any other citizenship or passport. KIMPTON KAWANA BAY - A LEADING GOVERNMENT-APPROVED CBI PROJECT A premier example of a Grenadian government- approved real estate project is Kimpton Kawana Bay. This 220-key hotel is based on a detailed feasibility study by MacLellan Associates, a leading resort consultancy in the Caribbean. Research has found that there is strong demand 33