GRENADA offers one of the most appealing citizenship by investment programs in the world. For a family of four, it is the best value for money. Grenada also boasts one of the faster and most reliable application processes. The Citizenship by Investment Act 2013 S8(2) requires the CBI Committee to make a decision on complete applications within 60 days of receipt by them. Most notably, the Grenadian scheme alone affords the opportunity to acquire a US E2 visa and possibly without liability to US tax on worldwide income if the visa holder does not become tax resident in the United States. By contrast the possession of a United States EB5 visa will certainly result in the applicant becoming liable to tax in the United States and on worldwide income. Other benefits include visa free access to the UK, all EU and Schengen Area countries and uniquely Russia, China and Brazil. Citizens also benefit from a low tax regime, outstanding healthcare and access to the world-class university, St George’s University. http://www.sgu.edu
For detailed information on the advantages and disadvantages of the citizenship schemes available in Grenada and the application process and requirements, please contact us.