The long-term competitiveness of a country relies on a sound industrial structure and sustainable flagship products. Forward-thinking managers will plan ahead, and Grenada, located in the Eastern Caribbean, is one of the more successful examples—because in 2018, Grenada's tourism, air transport, and other new projects developed comprehensively!
According to the latest news from the Grenada Tourism Authority's official website, the number of tourists to Grenada in 2018 increased significantly, with a total of 528,077 visitors, a year-on-year increase of 12.9%! Among them, the number of inbound visitors was 160,970, an increase of 9.97%, the largest year-on-year growth! Meanwhile, the number of inbound visitors in the cruise sector was 342,826, an increase of 14.49%, and the yacht sector saw 24,281 inbound visitors, an increase of 10.82%.
Grenada, located at the southernmost end of the Windward Islands in the Eastern Caribbean, consists of the main island of Grenada and Carriacou Island, along with Petite Martinique, and is known for its unique tropical island scenery in the Caribbean, earning it the title of "The Spice Island of the Caribbean." Grenada is famous for its pleasant island scenery and renowned nutmeg production, and has become a newly popular honeymoon destination, being named one of the "Top 10 Trending Travel Destinations in the World for 2018" by The Wall Street Journal.
Grenada's economy is growing rapidly, with an increasing number of flights to Grenada in 2018. American Airlines added additional flights to Grenada from Miami International Airport in December 2018; Air Canada increased its flights to Grenada from Toronto Pearson International Airport to three times a week in December 2018; and the world-renowned Sunwing Airlines launched 22 flights from Toronto Pearson International Airport to Grenada in December 2018.
At the same time, Grenada's tourism service competitiveness is also continuously improving. Grenada received three honors at the 2018 World Travel Awards: World’s Leading All-Inclusive Resort, Caribbean’s Leading Luxury All-Inclusive Resort, and Grenada’s Leading Resort. In the 2018 TripAdvisor Travelers' Choice Awards, Grenada's Calabash Luxury Boutique Resort was listed among the top 25 luxury hotels in the Caribbean and was recently rated as the number one luxury hotel in the Caribbean by TripAdvisor UK!
Notably, the Grenada government recently announced a series of significant benefits for the country's investment citizenship program! Following the announcement on March 8 to relax restrictions on accompanying applicants and clarify that second-hand buyers can also apply for investment citizenship, the Grenada Immigration Department has recently released a major policy: the minimum property investment amount has been reduced from the original $350,000 to $220,000, a decrease of $130,000! This new legislation will officially take effect on April 1, 2019, which is undoubtedly great news for investors!
Grenada's investment citizenship program allows individuals and their families to obtain citizenship and permanent residency in Grenada. Applicants can contribute at least $150,000 to the Grenada National Transformation Fund (NTF), or invest in government-approved real estate valued at no less than $350,000, or invest in government-approved tourism-related real estate projects under a shared ownership model for no less than $220,000, allowing a family of four generations to apply for citizenship in Grenada and obtain Commonwealth citizenship.
Unique Advantages of Grenada's CBI Program
Currently the only country in the Caribbean with an investment immigration program that has visa-free access with China.
Currently the only country in the Caribbean that can apply for the U.S. E-2 visa.
Currently the only passport program in the Caribbean that allows siblings to accompany.
Currently the only fast-track citizenship program in the Caribbean that has removed the educational requirements for adult children.
Currently the only fast-track citizenship program in the Caribbean that has removed age limits and economic dependency requirements for parents/grandparents.
Other Advantages of Grenada Passport
1. Travel Convenience: Visa-free access to over 140 countries and regions.
Visa-free and visa-on-arrival access to over 140 countries/regions worldwide, including mainland China, Hong Kong, Macau, the European Union, Schengen countries, Singapore, South Korea, etc., allowing for hassle-free global travel.
2. Apply for the U.S. E-2 visa: Open a special pathway to the United States.
Investors who obtain Grenada passports can apply for the U.S. E-2 visa without quota restrictions; spouses can apply to work in the U.S., and children can apply to attend public schools in the U.S.
3. Tax Benefits: Favorable for asset allocation and identity planning.
Grenada is a well-known financial center in the Caribbean, with no property tax, inheritance tax, gift tax, etc., and is a non-global taxation country.
4. Fast Processing: Simple application requirements and quick processing.
Grenada's investment citizenship program has low entry barriers, with simple and quick procedures. No interviews, no immigration monitoring, no educational requirements, and no nationality restrictions, etc.
5. Education for Children: Access to domestic international schools.
With a Grenada passport, children can attend domestic international schools as foreign nationals. Without leaving the country, they can still receive the most authentic international education.
6. Convenient for Family to Obtain Citizenship: One investment, four generations together.
One investment allows four generations to obtain Commonwealth citizenship. After the applicant obtains Grenadian status, they can add eligible dependents.
As one of the pioneers of Commonwealth passport programs, WorldWay Immigration Group is one of the early immigration agencies to introduce multiple Commonwealth fast passport programs (investment citizenship programs) to China. WorldWay maintains good relationships with the governments of many Commonwealth countries and, with 22 years of rich practical experience, adheres to the philosophy of "integrity-based, customer-oriented," carefully selects projects, and provides professional services to clients, with successful cases spanning the globe!
• One of the early immigration agencies to introduce multiple Commonwealth fast passport programs (investment citizenship programs) to China;
• The global general agent for the investment passport program of the Republic of Kiribati and the primary global agent for the investment citizenship program of the Republic of Nauru as early as the beginning of this century;
• One of the early immigration agencies to introduce the investment citizenship program of Saint Kitts and Nevis to China;
• The first to hold investment citizenship seminars featuring heads of Commonwealth countries.
Dr. Winner Xing (far right), Chairman of WorldWay Immigration Group, Ms. Li Ma (second from right), Vice President of WorldWay Immigration Group, and Ms. Tracy Sun (far left), General Manager of WorldWay Immigration Group Beijing Office, had friendly discussions and took a group photo with Mr. Thomas Anthony (second from left), Director of the Grenada Immigration Department.
Asset allocation, identity first! For the Grenada Commonwealth passport program, choose WorldWay!Consultation Hotline: 400-138-2929
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