How can you acquire a second passport from Grenada in 2023? Below we discuss the advantages of obtaining Grenadian citizenship by investment. At the end, we provide the list of countries that you can visit without applying for visas if you hold a passport from Grenada.
Why you should apply for citizenship of Grenada by investment
High level of information confidentiality. Cyprus had to close its citizenship-by-investment program because it could not keep the economic citizens’ information confidential. Malta publishes information about new economic citizens on a regular basis. The fact of your acquiring citizenship of Grenada, however, will remain secret unless you decide to disclose it to third parties yourself. The Government of Grenada is not going to inform the authorities of your home county about you ‘buying’ second citizenship. This fact is not necessarily of high importance for you but it may be.
Lucrative investments. You can make a returnable investment of US$ 250,000 in real estate in Grenada to qualify for citizenship in the country. You will have to keep the property in your possession for 5 years but you don’t have to give the money away. You can sell your property back when the required possession period elapses.
No tough requirements for applicants for citizenship of Grenada. You don’t have to comply with any strict rules when acquiring Grenadian citizenship. You don’t have to take any language tests history tests or any other tests when applying for citizenship. Neither do you have to supply any education or employment certificates. What you do have to supply is a clean police record and documents proving the legality of your sources of income.
Second passports for all family members. Grenada has extended the list of relatives that can be added to family applications for Grenadian citizenship. You can add your spouse, all your children (unmarried up to the age of 30), your and your spouse’s parents and grandparents (without any age restrictions) as well as your brothers and sisters if they are single and they don’t have their own children.
Foreign passport without a visit to the foreign country. Grenada is a beautiful country but if you feel that it’s too far away, you don’t have to go there to obtain your passport. Since recently, however, all applicants for Grenadian citizenship have to go through personal interviews but the interviews can be held at diplomatic missions of Grenada in foreign countries.
Fast application processing. You will have to wait for 3 to 5 months to obtain your Grenadian passport. You cannot get it instantly because the licensed immigration agent has to make sure that all the due diligence procedures are conducted in accordance with international standards.
Lifetime second citizenship. When you become an economic citizen of Grenada, you will not be limited in any of your rights as a Grenadian. You can remain a full-fledged citizen of Grenada till the end of your life and pass your citizenship on to your children.
Benefits that a Grenadian passport brings
Visa-free travel to 144 destinations. You don’t have to apply for visas to enter any of the countries and territories that we list at the end of the article. Their number is impressive as it is but we would like to emphasize that a Grenadian passport will give you free access to all EU countries, Great Britain, and China. Besides, you will be eligible to apply for a long-term business visa to the USA.
Tax optimization opportunities. Business people from all over the world register companies in Grenada to minimize their fiscal burdens. If you trade in the Caribbean, you can do it without paying any customs duties. If you make an income abroad, you don’t have to pay any taxes on that income in Grenada. Inheritance, capital gains, and wealth taxes are not payable in the country either.
International bank accounts. Grenadian passport holders can open accounts with banks in different parts of the world such as Europe, Great Britain, or the United States, for example. A bank account in a reputable jurisdiction can certainly make you feel secure. In addition to that, Grenadian citizenship can give you access to cheap bank loans.
Security. If the social situation in your home country worsens for political or economic reasons, you can always catch a plane to Grenada and enjoy living in a calm and peaceful country.
Higher education for your children. Grenada is a member of the British Commonwealth of Nations and this status gives Grenadians some serious advantages as far as higher education is concerned. You will be able to pay the tuition fees at a discount if you send your children to a British university. Besides, the American University of St George’s (the capital city of Grenada) is a prestigious higher education institution too so your children do not have to seek training in faraway lands.
Life in Grenada
If you choose to relocate to Grenada after acquiring citizenship of the country by investment, you are going to love living there! Peace and quiet, astonishing tropical vegetation, endless sandy beaches, blue water, bright coral reefs, old colonial buildings, busy piers, luxury yachts on anchor in the cays, and a resort atmosphere are the things that you are going to find in Grenada. The country is exceptionally stable as far as its politics and economy are concerned and the crime rates are among the lowest in the region. If you’re interested in moving to Grenada, we would like to invite you to our web portal, where you can discover additional details.
The cost of living in Grenada is a bit higher than it is in some other Caribbean countries but this is not surprising because the quality of life in Grenada is also higher. Even though you don’t have to visit Grenada to become a citizen of the country, you certainly should consider this opportunity anyway. The country is fantastic!
List of visa-free destinations for Grenadian passport holders
EUROPE
Andorra, Armenia (visa on arrival), Austria, Belgium, Bosnia and Herzegovina, Bulgaria, Cyprus, Czech Republic, Denmark, Estonia, Finland, France Germany, Greece, Hungary, Iceland, Ireland, Italy, Latvia, Liechtenstein, Lithuania, Luxembourg, Malta, Moldova, Monaco, Montenegro, Netherlands, Norway, Poland, Portugal, Romania, Russian Federation, San Marino, Serbia, Slovakia, Slovenia, Spain, Sweden, Switzerland, United Kingdom, Vatican City.
AMERICA
Argentina, Belize, Bolivia (visa on arrival), Brazil, Chile, Costa Rica, Colombia, Ecuador, Guyana, Nicaragua (visa on arrival), Panamá, Perú, Suriname, Uruguay, and Venezuela.
ASIA
Bangladesh, Indonesia, Iran (visa on arrival), Israel, Laos (visa on arrival), Malaysia, Maldives (visa on arrival), Nepal (visa on arrival), Philippines, Singapore, South Korea, Sri Lanka (electronic authorization), Timor, Cambodia, China, Uzbekistan, Jordan (visa on arrival).
AFRICA
Botswana, Cape Verde (visa on arrival), Comoros (visa on arrival), Egypt, Swaziland, Gambia, Lesotho, Madagascar (visa on arrival), Malawi, Mauritania (visa on arrival), Mauritius, Mozambique (visa on. Rwanda (visa on arrival), Rwanda (visa on arrival), Seychelles (visa on arrival), Sierra Leone (visa on arrival), Sierra Leone (visa on arrival), Somalia (visa on arrival), Tanzania Togo (visa on arrival), Uganda Senegal (visa on arrival), Zambia, Zimbabwe.
OCEANIA
Fiji, Micronesia, Palau (visa on arrival), Samoa (visa on arrival), Solomon Islands (visa on arrival), Tuvalu (visa on arrival), Vanuatu, Kiribati.
CARIBBEAN SEA
Antigua and Barbuda, Bahamas, Barbados, Cuba, Dominica, Dominican Republic, Haiti, Jamaica, St. Kitts and Nevis, St. Lucia, St. Vincent and the Grenadines, Trinidad and Tobago.
TERRITORIES
Anguilla, Aruba, Bermuda, Bonaire, St. Eustatius and Saba, British Virgin Islands, Cayman Islands, Curaçao, Cook Islands, Faroe Islands, French Polynesia, French West Indies, Greenland, Gibraltar, Hong Kong, Kosovo, Macao, Montserrat, New Caledonia, Niue, Palestinian Territories, St. Helena, St. Helena, St. Pierre and Miquelon, St. Helena, St. Helena, St. Helena, St. Pierre and Miquelon, St. Helena, Turks and Caicos Islands, St. Helena, Saint Pierre and Miquelon, St. Vincent and the Grenadines, Saint Helena, Saint Martin, Saint Pierre and Miquelon, Turks and Caicos Islands, Wallis and Futuna.
