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Why Should You Consider Grenada As Your Second Passport?

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Why Should You Consider Grenada As Your Second Passport?

Why Should You Consider Grenada As Your Second Passport?

Grenada has long been blessed to be one of the most precious of the Caribbean islands, a site of many different world's spices and breathtaking natural beauties such as sandy beaches, waterfalls, and pure crystal coastline. Grenada, as a Commonwealth republic, is known not only for its beauty, but also for having one of the most popular citizenship by investment schemes in the world, as well as one of the greatest second passports with so many benefits for many investors all across the globe.

To name a few advantages, there is an offshore bank account, low tax rates, so affordable cost of living, excellent internet connection, excellent infrastructure, and ideal weather. as it is located in the heart of the Caribbean, investors can easily access all of the islands around Caribbean. Grenada also has some of the world's most prestigious multinational banks. The world of Elites are just so easy decision to invest in Grenada of these benefits. There is, however, more to it than meets the eye. The nicest part of investing in Grenada is how quickly and easily it can be done. Read more about Grenadian Citizenship

GRENADA PASSPORT BENEFITS

With a second passport to this country, you get to enjoy four high-value benefits.

INTERNATIONAL MOBILITY

International mobility is something that many investors look forward to with a Grenada passport. Grenada residents get visa-free travel to more than 100 countries, including the United Kingdom and all European Union member nations. They can also travel freely to business hotspots such as Hong Kong and Singapore. It is also one of the few countries to be permitted visa-free entry to the Republic of China.

DUAL CITIZENSHIP

Not all countries allow dual citizenship. If you want to utilize your second passport to increase your portfolio, you'll have to give up your first citizenship, which will negate your efforts. Grenada, fortunately, accepts dual citizens and does not need you to notify your home country of your new citizenship. This provides you with a level of privacy that you won't find anywhere else.

TAX AND OTHER FINANCIAL ADVANTAGES

Grenada's economic citizens, particularly entrepreneurs and other high-net-worth individuals, benefit from the country's tax perks. If you opt to become a permanent resident after becoming a citizen, you won't have to pay inheritance, wealth, gift, capital gains, or foreign income taxes. You may also be eligible for attractive tax incentive packages, such as tax relief, export allowances, and full import duty exemption. Duty-free shopping is also available throughout the Caribbean.

FRIENDLY AND WELCOMING CITIZENS

There's no point in migrating to another nation if you're going to be shunned because you're a foreigner. But it is not a reason to be concerned if you want to reside in Grenada, even if just for a short time. Grenadians are friendly, welcoming, and warm-hearted. Their generosity is contagious, to the extent where everyone in the county greets everyone else and expresses real concern for their well-being.. Read more about Grenada Passport Benefit.

THE BEST WAY TO GET YOUR GRENADA PASSPORT

To gain Grenada dual citizenship and the second passport, Grenada offers through its citizenship by investment program can be obtained through simple steps, You must sign with an authorized and certified IMA(International Marketing Agent) such as NG Global Citizen you can Talk to NG Global Citizens Advisor, Choose Investment Option, Prepare Document, NG Submit Your Application, Processing the Application, Approval in Principle, Complete Your Investment. and get your second passport and citizenship with hassle-free.

CITIZENSHIP BY INVESTMENT OPTIONS

Like other Caribbean countries offering citizenship by investment, Grenada opened up more than one way for foreign nationals to acquire a second passport โ€“ two to be exact. All applicants who choose to undergo either path to Grenada citizenship would need to pay due diligence and other fees on top of the minimum investment they make, as detailed below:

CONTRIBUTE THE NATIONAL TRANSFORMATION FUND

The National Transformation Fund (NTF) was established to develop Grenada to be a prosperous and independent country. It will be focused on financing various industries, such as tourism, agriculture, and self-alternative energy. As a reward for the contribution to the nationโ€™s wellbeing, investors who choose to donate to the fund will gain a second passport. Learn more

INVESTMENT IN A REAL ESTATE PROJECT

Beside NTF Contribution, you can also choose the second CBI Option, itโ€™s investing in the real estate that is an approved project by the Grenada Government. Learn more

Learn more about Grenada Citizenship Program

Banner Image by Hugh Whyte via Unplash

Written and Posted By Derry Khudlori

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