On uninhabited islands it is easy to immerse oneself in the magical world of nature and enjoy it to the fullest. That is not all it takes to choose them as a permanent residence. People usually move to the islands when they are satisfied with all social aspects, including the opportunity to study in the international system and receive quality medical services. Grenada fulfills all these criteria. The beauty of the mountain scenery and the clean environment make the island a desirable destination for those wishing to change their residence. 

So how do you become a holder of two passports and settle in Spice Island? It's simple – apply to the embassy of the island republic through representatives and request access to Grenada CBI and investment. You will provide yourself and your family with all the conditions for life thanks to the investment.

Grenada Citizenship Program

The island was discovered by Columbus and since then has known no rest from the conquerors. The integration process of wealthy foreigners is established here. The country is interested in investments because, thanks to them, it is developing rapidly. Taking advantage of an inexpensive program, you will get such benefits as:

1. The opportunity to get a right within 3–4 months.

2. The chance to travel freely to more than 140 countries, including Grenada passport visa-free countries list, UK and EU.

3. No taxes on income earned abroad make the place attractive for living and business.

4. High-quality medical and educational services and attractive real estate and business investment conditions.

5. Opportunities for business development. In particular, passport holders are eligible for visa-free entry to the United States, opening up entrepreneurs' prospects.

This is the minimum list of benefits that await cosmopolitans. In addition, documents are inherited. All investments are more than recouped, ensuring a prosperous future for the investor's children and grandchildren.

Multiple Citizenship Permit

The Caribbean nation allows multiple citizenship. The government will enable residents to hold two or more passports at the same time without losing their existing Grenada passport by investment. This means you can become a full island resident and retain your existing citizenship. 

Process of Acquiring Grenada Citizenship by Investment

The application process and other paperwork for investment are carried out thanks to a special offer from the authorities. Within its framework, foreigners can acquire citizenship with money that will be directed to the country's economic development.

There are several options for making contributions: donations and investments in real estate or your business project. The process requires filling out an application, providing the necessary documents, and passing a background check. Timelines and requirements may vary depending on the program selected and individual circumstances.

Timeline and Steps

The document may only be issued through the program's license representative, with whom the contract is concluded remotely. The applicant collects all the papers, and their identity is checked for fraud. The staff independently does notarize translation into English and submits the package of documents to the department. The review timeframe is usually no more than six months. The resident pays all fees and awaits the right to naturalization.

Requirements and Eligibility

According to Imin Caribbean agency specialist Acyr Jardim, only applicants who are at least 18 years old are eligible for a second passport. They must be able to pay the fees and commission charges. Contribution for a single applicant is possible with one of the following options:

• NCIF – National Caribbean Island Foundation (from $150,000 from the top applicant);

• buying real estate for a minimum amount of $200,000 and owning it for five years so as not to depend on taxes (then you can sell it);

• payment for pre-approved real estate by the government for a minimum of $350,000.

Before obtaining citizen status, it is advisable to consult with the relevant legal professionals or authorities for accurate information on the process.

Conclusion

The Grenada program for wealthy people is relatively inexpensive when compared to the offerings of other countries in the Caribbean. By getting the right to live and run a business, you will be able to provide peace of mind for your family and all the conditions that might not have been available elsewhere. Prices in the territory are pretty democratic, and taxes for investors are virtually non-existent. The main thing is only to fulfill – all the requirements. It is recommended to contact official and licensed agents who work with the Grenada citizenship program to get more information about the conditions.