GRENADA HAS ONE OF THE WORLD’S TOP RANKED CBI PROGRAMS
Generally, if you are in the market for a second citizenship, you want it quickly with maximum global access and minimum hassle. Furthermore, if the property you are buying has a similar resale value to your initial investment cost, you may well have found the perfect citizenship package.
MAXIMUM GLOBAL ACCESS
Citizenship of Grenada grants you visa-free travel to 124 countries including the EU Schengen area, the UK, China, Russia, Singapore and the UAE. It is one of a select few countries in the world that has a 30-Day Stay Permit (visa waiver) with China. But the most exciting part: once your Grenadian citizenship is approved you can apply for the US E2 visa. Grenada is the only country in the world that has an active CBI program and whose citizens are eligible for the US E-2 Investor Visa, which allows foreign nationals to start businesses in the US and live there to operate them. Grenada’s CBI program and Kimpton Kawana Bay provide a fast, financially sound citizenship investment opportunity, that gives global access rights that other CBI programmes around the world simply cannot rival.
GRENADA’S CITIZENSHIP PROGRAM
Grenada’s Citizenship by Investment (CBI) program is known for its rigorous due diligence, which ensures that successful applicants can rest easy knowing that the integrity of their new citizenship is protected. Despite the extensive due diligence carried out on applicants, processing times seldom exceed four to five months. Applicants must contribute either $200,000 as a donation to the government or invest a minimum of $350,000 in a government-approved real estate project. If they choose the latter, the investor only needs to “hold” the property investment for three years before selling. In addition, there are certain Government fees and taxes to pay on top of the capital cost. Applicants must be of outstanding character, in good health and have no criminal record. There is no requirement to visit for an interview for the Grenada citizenship program. In fact, there is no need to travel to the country to complete the application, or indeed to reside there once citizenship is approved.
SIMPLE QUALIFICATION PROCESS
• No physical residency requirement
• No need to visit Grenada during the application process
• No requirement to reside in Grenada before or after citizenship is granted
• No education or management experience required and
• Minimal processing fees
MULTIPLE BENEFITS
Grenada allows dual citizenship, so you don’t have to renounce any other citizenship or passport. Grenada also has a source-based taxation system with zero taxation on income earned abroad.
KIMPTON KAWANA BAY – A LEADING GOVERNMENT-APPROVED CBI PROJECT
A premier example of a Grenadian governmentapproved real estate project is Kimpton Kawana Bay. This 220-key hotel is based on a detailed feasibility study by MacLellan Associates, a leading resort consultancy in the Caribbean. Research has found that there is strong demand for a 5-star hotel in Grenada located on worldrenowned Grand Anse Beach.
A SENSIBLE INVESTMENT
Kimpton® Hotels & Restaurants has endorsed the concept and will operate the resort. Kimpton is the world’s largest boutique hotel operator and part of the InterContinental Hotels Group®. Their track record of achieving high occupancy and strong daily rates will underpin rental returns and property values. Grenada’s citizenship-by-investment programme is proving to be far more attractive than buying citizenship through a non-refundable donation. In the latter case you get your citizenship but your money has gone. With CBI you pay more but you get freehold title of a luxury 5-Star property that you can sell after three years. Best of all, there is a highly transparent rooms revenue share scheme in place, which means that anyone choosing to invest in property at Kimpton Kawana Bay will receive an annual return on their investment once the hotel opens and until they sell their investment. Whether they choose to sell after three years, or hold, it doesn’t affect their Grenada citizenship, which is for life. Providing you select the right property, which holds its value, and there are excellent reasons why this should prove to be the case at Kimpton Kawana Bay, your citizenship could cost you nothing and even make a return for you.
STUNNING LOCATION!
Kimpton Kawana Bay is located on Grand Anse Beach, Grenada’s most popular resort beach. CNN have ranked Grand Anse Beach ranks in the Top 30 of CNN’s “World’s 100 Best Beaches” review (September 2016). Here’s what CNN said: “Possibly Grenada’s finest family beach. Footsoothing sands, skin-comforting waters and soulcalming breezes. Big enough to never get crowded and intimate enough to feel like your own”. Grenada is a great place to holiday or live. In terms of crime rates, it is the safest country in the Caribbean. It sits below the main hurricane belt and has a wonderful year-round climate. Colourful communities and spice markets, friendly people, international airport and highly acclaimed medical university it is one of the best places in the world to be.
EXPONENTIAL DEMAND FOR SECOND CITIZENSHIP
The 2018 Global Risks Report, developed with the support of the World Economic Forum’s Global Risks Advisory Board, said that this was “another year of heightened concern”. A deteriorating geopolitical landscape is partly to blame for this pessimistic outlook, with 93% of respondents saying they expect political or economic confrontations between major powers to worsen, and nearly 80% expecting an increase in risks associated with war involving major powers. One logical consequence of global unrest is a massive increase in global migration.
According to the United Nations Department of Economic and Social Affairs, there are now more than 258 million people living in a country other than their country of birth. This is an increase of 49% since 2000. In particular, there has been increased demand from High Net Worth Individuals (HNWIs) in these jurisdictions seeking second passports as a way to protect themselves and their families from the risks caused by external political and economic factors beyond their control.
Obtaining a second citizenship gives a person options and security, much like buying insurance. It can provide a bolt-hole for hard-earned wealth and even a new home for those wrongly persecuted by unfair governments. Furthermore, a second citizenship provides those in need with another passport on which to travel visa free, as many unsettled country’s passports afford very restricted international mobility.
TO SUM UP
Citizenship-by-Investment at Kimpton Kawana Bay, Grenada is simple, gives the best global access of any citizenship and is a sound investment.
Furthermore, it is one of only two citizenship programmes in the world offering E2-visa access to the US. No other country’s CBI programme offers a package to match that of Grenada.