- Welcome to Grenada
- Why Grenada?
- Frequently Asked Questions
- Mount Cinnamon
- Port Louis
The main advantages for investors in Grenada are:-
There are many benefits to Commonwealth members such as easier travel between Member Countries, protection of all Members by other embassies and commissions around the world, eligibility for certain sporting activities (the Commonwealth Games).
Grenada’s economic outlook is generally very good, with expansion occurring in tourism, agriculture and manufacturing. The Government is about to commence an oil and gas program in its territorial waters between Venezuela and Trinidad. Part of the Eastern Caribbean Bank and currency system, its currency is stable, secure and tied directly to the US$. Business can also be conducted in US$s. There is no exchange control or restrictions on the inward or outward transfer of $US’s.
Under the terms of the Citizenship by Investment program you will not be liable to any income tax, capital gains tax or inheritance tax.
Under Grenadian law you do not need to renounce any other citizenship.
Your application for Citizenship By Investment will receive a response within 60 working days of submission and if approved, your passport will be issued within 10 working days.
You do not need to visit Grenada during application process.
Grenadian citizens can travel without visa restrictions to many international and Commonwealth countries, including the U.K and China. Grenada is a member of the Schengen Treaty through the European Union, which enables Grenadian’s visa free travel throughout the E.U. In total there are approximately 120 countries and dependancies that Grenadian’s can visit without a visa. See page 33.
Grenada is part of the Commonwealth and therefore is part of a grouping, which is committed to the highest standards of law and justice, human and social rights and other internationally accepted practices. Grenadians can travel without restrictions throughout the Commonwealth.
Grenada is home to the best US offshore University, St. George’s University. It is one of the best medical, veterinary and arts & sciences schools and graduates are trained in some of the best hospitals in the USA and UK . It is internationally accredited and currently has 6,000 students from over 140 countries.