The popularity of citizenship investment program
In the wake of the corona virus pandemic and the elevated levels of global anxieties, Citizenship by Investment is no longer a luxury for the HNWI (High-net-worth individual); it has become a necessity to secure their future.
From the first shot about 40 years ago, Citizenship by Investment program has grown up to a global industry of more than US$20 billion a year. Nowadays, the program has become a global phenomenon with its presence in over 25 countries, including the United States, Europe and Caribbean Islands.
Remarkably, the Caribbean is the place to invest, as not only well entrenched and understood, but also competitive prices. Citizenship can be obtained within 3 to 4 months.
Flag icons of 5 countries in Caribbean
Three types of client group of Citizenship by investment
- Investors who want to liquidate their businesses in emerging markets and reinvest their capital in advanced economies such as the US, avoid the risk of exposure to economic, political or social challenges in their home countries.
- Owners of globalized businesses who are planning to establish their presence in developed markets such as United States to build closer relationships with clients in key markets.
- People who are looking for a higher quality of life with increased standards of health, safety and education, as well as, global mobility, especially for their families.
Hold second passport is more and more popular
Grenada Citizenship by Investment – the shortest way to USA
By investing US$220,000, plus government fees, in a state-approved real estate project in Grenada, individuals can become eligible for Grenadian citizenship. Under program, applicants can include spouse, parents and children below the age of 30.
Moreover, by subsequently investing in a viable business in the US with a recommended minimum capital of USD150,000, individuals may also apply to live in the United States through an E-2 treaty visa, also, the investor’s spouse and children below 21 qualify. Thanks to historical links between Grenada and the United States, Grenadians have a number of privileges in the United States, including the ability to invest and reside in the United States.
Enter USA by E-2 Visa
Grenadian citizenship also provide attractive mobility (visa-free travel 140 countries, comprising the Schengen region, UK, Russia, China).
Second citizenship in Grenada, while offering residency to the United States through the E2 visa, does not require investors to pay US taxes on their non-us income. This is one of the key reasons for the E2 visa’s popularity.
After holding passport, you do not need to go and live in Grenada – but of course, you can if you want to. It gives you a hedge against political, economic and social volatility, as well as in the case of a real estate investment, gives you something of value that you can sell on in the future to a subsequent citizenship seeker, whilst you maintain your citizenship in perpetuity.
See more citizenship by investment programs here.
Enjoy a higher quality of life
(Source: Business Day)