Nestled at the southern end of the Grenadines Island chain in the West Indies, Grenada is a hidden gem awaiting discovery. While it may not have garnered the same level of fame as other Caribbean destinations, this very characteristic lends it an undeniable charm. For those in search of a vacation or a permanent residence away from bustling crowds, Grenada emerges as an ideal sanctuary.
Grenada is made up of 3 main islands: Grenada (which is the largest one out of them), Carriacou, and Petite Martinique. It also includes many smaller islands. This diverse collection makes Grenada even more attractive as a place to live. Its stunning natural landscape is one of the most captivating things about Grenada. One of the best islands to live in the Caribbean, it has 40 beautiful sandy beaches, charming waterfalls, crystal clear waters, and many other natural wonders. It’s a great place if you want a vacation or a permanent home away from crowded places.
Affordable living in Grenada
If you’re flying from the USA, you can find flights starting at USD 200. Keep in mind that prices may be higher during the busy season, but don’t worry, as airlines often offer discounts, so be sure to look out for deals.
When you arrive in Grenada, finding accommodation can be expensive. It’s recommended to check out Airbnb in advance. There, you can find interesting and affordable places to stay, usually at around USD 30 to 35 per night.
When it comes to enjoying a drink, Grenada has reasonably priced options. A bottle of beer typically costs around USD 1 or 2, which is quite affordable. You’ll find even cheaper prices for cocktails made with local ingredients, which is common on many Caribbean islands.
For dining, expect to find a 3-course lunch in Grenada for around USD 20. However, if you explore beyond the usual tourist spots, you’ll discover places where you can enjoy delicious meals for around USD 10, offering a more budget-friendly dining experience.
Grenada immigration options
People from around the world can become citizens of Grenada by buying property through the local CBI program. If you don’t want the responsibility of managing property, other options are available for you as well. Say, applicants can choose to make a non-refundable contribution to the National Transformation Fund (NTF) as part of Grenada’s Citizenship by Investment Program. The NTF is a government fund that supports Grenada’s development in areas like infrastructure, education, healthcare, and tourism.
Obtaining Grenada citizenship through investment brings many advantages. Firstly, there is no requirement to live in Grenada, allowing you to maintain your citizenship while you reside elsewhere. The processing time for Grenada citizenship is significantly faster, taking only a quarter of the usual duration. Another advantage is that no restrictions on nationality apply, meaning anyone can become a citizen of Grenada regardless of their country of origin.
Grenada’s citizenship by investment program is well-regarded internationally, adding to its appeal. By becoming a citizen, you gain the opportunity to live and work in a country with a stable economy and political system. Obtaining a Grenada passport also grants you a CARICOM passport, which enables freedom of movement, employment, and training within the Caribbean Community.
One of the notable benefits that come with a CARICOM passport is visa-free travel. Grenada citizens enjoy visa-free access to numerous countries, including the European Union, China, and most of South America. With a Grenada passport, you have guaranteed entry to 117 countries without the need for a visa. Additionally, the possibility exists to obtain an investor visa to the United States through the E2 program, which comes with further opportunities.
Overall, acquiring Grenada citizenship through investment comes with a range of benefits, including flexibility, convenience, travel opportunities, and favorable tax conditions.
How long does it take to become a citizen of Grenada?
Obtaining citizenship in Grenada is a process that typically lasts 2 to 12 months. Throughout it, the Grenadian government conducts a thorough examination of the applicant’s background. Mind that the application may be declined if certain things are discovered. The latter include providing false information during the application process, having a criminal conviction in any country with a sentence exceeding 6 months (unless officially pardoned), being under current investigation for a criminal offense, being viewed as a potential threat to another country’s national security, or participating in activities that could potentially damage Grenada’s reputation.
When you apply for a Grenada passport, it’s important to consider any restrictions on dual citizenship in your home country because Grenada allows multiple nationalities. You are allowed to apply for Grenada citizenship from your current country of residence. Once the application is approved, you will receive your Caribbean passport by mail.
As a new citizen of Grenada, you have the privilege to visit Grenada whenever you need to and stay for as long as you want. You don’t have to be fluent in English, which is Grenada’s official language if you are applying for economic citizenship.
Grenadian citizens can travel to more than 150 countries with no need for a visa. Alternatively, they may obtain a visa upon arrival or an e-visa. The list of countries the citizens of Grenada can visit on the above terms encompasses jurisdictions in the European Union, those under the Schengen Agreement, China, Hong Kong, Singapore, and many others. You can also use your Grenadian passport to apply for the popular American E-2 business visa.
Elevate your chances: expert assistance for Grenada citizenship
Considering the constant amendments to international immigration legislation, those interested in obtaining Grenada’s economic citizenship should act quickly. The International Wealth team is here to assist you in evaluating your specific circumstances to ensure better outcomes for your CBI application. Feel free to reach out to us without hesitation, as we are dedicated to making your life easier and more fulfilling. With the International Wealth team of seasoned experts, your success is no longer a possibility but a probability!
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