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The Grenada Citizenship by Investment Program, or GCIP, offers one of the most convenient ways to gain a second passport in the Caribbean. Anyone with financial means can benefit from this program, and it’s extremely fast and easy to complete. Whether you’re interested in getting Grenada passport to protect your assets, increase your ability to travel freely, or simply have another passport in case of emergency, this guide will help you get the information you need to decide if Grenada citizenship by investment is right for you and how to go about achieving it.
Top ways to invest in Grenada
The key investment sectors in Grenada are tourism, agriculture, manufacturing and construction. Another possible investment is in commercial and residential property. Land prices in Grenada are among the lowest in the Caribbean with prices starting at US$1,000 per acre. If you’re looking for additional income outside of your day job then there’s always the option of investing in currency trading or binary options trading too.
First, learn about Grenada as a country
The country also has some of the most beautiful beaches with white sand and turquoise water. And it also has pristine rainforest like Grand Etang National Park with its wild life, exotic birds and incredible views.
The passport holders are not allowed to live or work in Grenada unless they apply for citizenship by investment program. They can enjoy many benefits such as visa-free travel to 140 countries including United States of America without any restrictions on time period or stay-over time limit on entry.
Second, find out if you are eligible
Requirements for the Grenada citizenship program include that you must be an adult, not have any criminal history, hold adequate financial resources and meet the character requirements. Individuals who can prove they have visited Grenada five times in the past three years are exempt from this requirement. It is also possible to get a residency visa , business visa or investment if you can prove your business or professional activity will generate employment opportunities in Grenada. It costs $110,000 CAD for foreign investors and $55,000 CAD for local investors.
Third, make sure you get your money’s worth
Along with having a new passport, you will also have several financial perks like greater visa-free travel and lower taxes. Furthermore, as an investor in the country, you will be able to take advantage of business opportunities and receive discounts for tourism. You may even have opportunities for education or health care at affordable rates.
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