Located at the southern end of the Windward Islands in the Eastern Caribbean, Grenada is known as the "Spice Isle of the Caribbean" and is a newly popular global honeymoon destination, famous for its pleasant island scenery and as a renowned producer of nutmeg. Worldway Group has learned that Grenada, the pearl at the southern end of the Caribbean, following the release of its new investment immigration policy on March 8th which announced the relaxation of restrictions on accompanying applicants, has recently released another major favorable policy: The minimum real estate investment amount has been reduced from the original $350,000 to $220,000! A direct reduction of $130,000! This saves over 800,000 RMB at once. The new act will officially take effect on April 1, 2019.
According to the latest amendment to the Grenada Citizenship by Investment Program issued by the Grenada Citizenship by Investment Unit on March 18, 2019, a new co-ownership investment method has been added for real estate investment. The details are as follows:
1. For government-approved real estate projects related to tourism accommodation, two or more main applicants may jointly own a property.
2. When applying for citizenship through the co-ownership model, the investment cost for each main applicant shall not be less than $220,000, and corresponding government fees (starting from $50,000) must be paid.
3. For other government-approved real estate projects (not related to tourism accommodation) or for applications through obtaining independent property rights, the requirements of the original act still apply: an investment of no less than $350,000, plus corresponding government fees (starting from $50,000).
Worldway immigration experts state that according to this amendment, the threshold for applying for Grenadian citizenship through real estate has been reduced from $350,000 to $220,000, saving $130,000. This is a very significant benefit for investors, and those interested in obtaining a Grenadian passport should not miss this great opportunity.
As the investment thresholds for some mainstream immigration countries continue to rise, and with long processing cycles, huge costs, and time-consuming immigration residency requirements, the trend for investment immigration has begun to shift toward "short, flat, and fast" immigration projects. Among them, Grenada stands out for its short cycle and lack of residency requirements, making it increasingly popular among investors.
Grenada's Citizenship by Investment Program allows individuals and their families to obtain citizenship and permanent residency in Grenada. Applicants can donate at least $150,000 to the Grenada National Transformation Fund (NTF), or invest at least $350,000 in government-approved real estate, or invest at least $220,000 in government-approved real estate related to tourism accommodation through a co-ownership model to apply for Grenadian citizenship for four generations of the family and obtain Commonwealth citizenship.
Unique Advantages of the Grenada CBI Program
▶ Currently the only country in the Caribbean region with an investment immigration program that has a mutual visa-exemption agreement with China
▶ Currently the only country in the Caribbean region that can apply for the U.S. E-2 visa
▶ Currently the only passport program in the Caribbean region that allows siblings to accompany the applicant
▶ The only fast-track citizenship program in the Caribbean region that has removed the requirement for adult children to be enrolled in school
▶ The only fast-track citizenship program in the Caribbean region that has removed age limits and financial dependency requirements for parents/grandparents
Other Advantages of the Grenada Passport
1. Convenient Travel: Visa-free access to over 140 countries and regions
Visa-free or visa-on-arrival access to over 140 countries/regions globally, including mainland China, Hong Kong, Macau, the EU, Schengen countries, Singapore, South Korea, etc., for worry-free global travel.
2. Apply for U.S. E-2 Visa: Opening a special channel to the United States
After obtaining a Grenadian passport, investors can apply for the U.S. E-2 visa, which has no quota restrictions; spouses can apply to work in the U.S., and children can apply to attend U.S. public schools.
3. Tax Benefits: Favorable for asset allocation and status planning
Grenada is a famous financial center in the Caribbean, with no property tax, inheritance tax, gift tax, etc., and it is a non-global tax country.
4. Fast Processing: Simple application conditions, fast processing
The Grenada Citizenship by Investment Program has a low threshold and simple, fast procedures. No interviews, no residency requirements, no educational requirements, no nationality restrictions, etc.
5. Children's Education: Can attend international schools in China
With a Grenadian passport, children can attend international schools in China as foreign nationals. You can receive the most authentic international education without leaving the country.
6. Convenient for family members to obtain status: One investment, four generations together
One investment, four generations together, obtaining Commonwealth citizenship. After the applicant obtains Grenadian status, they can add eligible dependents.
As one of the pioneers of the Commonwealth passport program, Worldway Group is one of the immigration agencies that introduced multiple Commonwealth fast-track passport programs (Citizenship by Investment Programs) to China early on. Worldway maintains good relationships with many Commonwealth governments. Relying on 22 years of rich practical experience and the philosophy of "Integrity-based, Customer-first," we carefully select projects and provide professional services to our clients, with successful cases all over the world!
• One of the immigration agencies that introduced multiple Commonwealth fast-track passport programs (Citizenship by Investment Programs) to China early on;
• Was the global general agent for the investment passport program of the Republic of Kiribati, a Commonwealth country, at the beginning of this century, and a global first-tier agent for the Citizenship by Investment Program of the Republic of Nauru, a Commonwealth country;
• One of the immigration agencies that introduced the Commonwealth Saint Kitts and Nevis Citizenship by Investment Program to China early on;
• The first to hold investment citizenship seminars for Commonwealth heads of state.
Worldway Group Chairman Dr. Winner Xing (first from right), Worldway Group Vice President Ms. Li Ma (second from right), and Worldway Immigration Group Beijing Company General Manager Ms. Tracy Sun (first from left) in a friendly meeting and photo session with Grenada Citizenship by Investment Unit CEO Thomas Anthony (second from left)
Asset allocation, status first! For the Grenada Commonwealth passport program, choose Worldway! Consultation Hotline: 400-138-2929.
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