Do you want to open new horizons for your business or travel freely worldwide without visas? The best way to do this is by obtaining the documents of another country. Today, this practice is widespread all over the world. But some of the most favorable conditions are offered in small island states of the Caribbean. They were the “pioneers” with the possibility of obtaining a passport or residence permit for certain investments made.
According to an expert of the company Immigrant Invest Zlata Erlach, the island states are ready to offer the most favorable conditions since they are interested in investment and attracting new capital. For example, the opportunity to obtain Grenada citizenship by investment has been offered for several years. This small state even has a remarkable program that helps to get all the necessary papers and permits. It has been operating for many years, so the process is well-established. Now interested investors do not have to fly to the island and spend a lot of time here. It is also possible to complete the procedures online.
What are the requirements for potential applicants ?
It’s not challenging to get grenadian documents. The requirements for potential applicants are minimal. For example, only adults can make an application. The other conditions that are put forward to potential investors include the following:
- Absence of criminal record, and criminal prosecution. It is necessary to provide appropriate documents confirming the absence of legal problems. The paper must be officially certified.
- No sanctions. Those who participate in the Grenada citizenship by investment program and want to avoid responsibility in this way can not even try to submit papers. The country will not cooperate with those on the sanctions lists of the governments of Europe, the USA, and other states.
- Proof of income. It is essential to prove that the funds were obtained legally. To do this, you need to provide unique papers. If the income was received legally, it would be possible to draw up all the papers.
- Test for trustworthiness. It includes providing data on the legitimacy of funds, and the legality of all procedures.
Rules are rather simple, which is why getting Grenada citizenship by investment is quite real. Moreover, the procedure does not take much time. This is why it attracts many potential investors looking for options for relocation or just wanting to become a citizen of another country and get some dividends from it.
What options are available to get Grenada passport?
To begin the documentation process, you must make one of two investment options. For example:
- Investment in a national fund. It will cost $150,000. The amount is relatively small, especially compared to what is set in other countries. The only thing you should understand is that this is a non-refundable investment. It is not possible to get the money back. However, given that the amount is relatively small, this investment option looks attractive to many.
- Buying real estate. The minimum value of the apartment is 220000 dollars. The government establishes the list of properties for sale. It can later be sold (after five years). The demand for real estate in the country is growing, so there is no doubt it is possible to make money on such a deal. For now, you can live in it or rent it out. Tourists come to the country all year round, so renting the property is a popular way to generate passive income.
The amount increases slightly if family members and the main investor are included in the application. A total of 5 people can be added to one list. The maximum cost in such a case will depend on the type of investment.
Obtaining a residence permit will allow you to stay legally in the country and run your business here. Later on, it will also not be difficult to get Grenada passport. Furthermore, it is easy to travel to different corners of the world and run your own business because the country provides a good taxation system.
The main benefits of obtaining a residence permit
Investors from all over the world strive to obtain documents of this country. It is not surprising, given the possible benefits and relatively low cost. So, the main benefits include:
- Beneficial system of taxation. Here you do not have to pay a commission on profits. Moreover, if you have a business in other parts of the world, you will not have to pay for it in Grenada.
- Ability to travel around the world without problems. Grenada has a visa-free agreement with 146 countries. You can go to Europe, China, or other corners of the globe.
- Opportunity to obtain a business visa to the U.S. in the future. If you want to obtain citizenship in Grenada for further relocation, consider the offer of this country. It is the first step to starting your own business in the USA.
- Excellent climate and quality infrastructure. There are comfortable conditions in a small country, not only for recreation, but also for permanent residence. It has good service, and a pleasant, warm climate. Many people like to spend their holidays here, and investors have the opportunity to live fully.
All this decides to invest in a public fund or to buy a home as rationally as possible. You can quickly get an answer from the representatives of Grenada funds, and it is most often positive.
