Recently, Grenadian Prime Minister Keith Mitchell stated at an official cabinet press conference that Grenada's economy experienced strong growth in 2019 and is expected to continue to strengthen over the coming year! The tourism and transportation sectors are among the main drivers of growth, while the construction industry remains resilient, serving as an important economic pillar and a source of national employment for Grenada in 2019!
It is reported that the Grenadian government's total fiscal revenue in the first half of 2019 was 3.45 times higher than the same period in 2018! Regarding public debt, as of the end of June 2019, the debt stock decreased by 4.4% compared to the same period in 2018! Currently, the number of large-scale projects by the Grenadian government is increasing. In addition to projects already underway, many hotel projects are about to be developed, including several luxury resorts. Notably, the geographic distribution of these investments will provide employment opportunities across different regions of Grenada!
In 2018, Grenada was recognized by the Caribbean Development Bank as one of the fastest-growing economies in the region, attracting significant attention! According to the Chicago Daily News, Grenada's GDP grew by 5.2% last year, maintaining an average annual growth rate of over 5% for five consecutive years! Since 2019, the Grenadian government has also put significant effort into attracting foreign investment. For example, the government announced a series of benefits for the country's Citizenship by Investment (CBI) program this year, not only relaxing restrictions on accompanying applicants but also clarifying policies that allow secondary market buyers to apply for Citizenship by Investment!
Currently, Grenada's Citizenship by Investment program allows individuals and their family members to obtain citizenship in Grenada. Applicants can make a donation of at least $150,000 to the Grenada National Transformation Fund (NTF) to apply for citizenship for up to four generations, thereby obtaining Commonwealth citizenship.
Unique Advantages of the Grenada CBI Program:
▶ A Caribbean country eligible to apply for the U.S. E-2 visa
▶ A country with an investment immigration program that also has a mutual visa-exemption agreement with China
▶ A passport program in the Caribbean that allows siblings to accompany the main applicant
▶ Currently one of the only citizenship programs in the Caribbean that has removed the enrollment requirement for adult children
▶ Currently one of the only citizenship programs in the Caribbean that has removed age restrictions for parents/grandparents
Other Advantages of the Grenada Passport
1. Travel Convenience: Visa-free access to over 150 countries and regions
Enjoy visa-free or visa-on-arrival access to over 150 countries and regions globally, including mainland China, Hong Kong, Macau, the European Union, Schengen Area countries, Singapore, South Korea, etc., for worry-free global travel.
2. U.S. E-2 Visa Application: 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; the spouse can apply to work in the U.S., and children can apply for admission to U.S. public schools.
3. Favorable Tax System: Beneficial for asset allocation and identity planning
Grenada is one of the financial centers in the Caribbean, with no property tax, inheritance tax, or gift tax, and it is a non-global taxation country.
4. Efficient Processing: Simple application requirements and fast processing
The Grenada Citizenship by Investment program has a low threshold and simple, fast procedures. There are no interviews, no immigration residency requirements, and no academic requirements.
5. Children's Education: Eligibility to attend international schools in China
With a Grenadian passport, children can return to China for further studies as international students, with opportunities to be admitted to top Chinese universities, such as Tsinghua University, potentially without taking the entrance exam.
6. Easy to Obtain Status for Family: One investment, four generations included
One investment allows four generations to obtain Commonwealth citizenship. After obtaining Grenadian status, the applicant can add eligible dependents.
As one of the immigration agencies that introduced multiple Commonwealth passport programs (Citizenship by Investment programs) to China early on, WorldWay Group maintains excellent relationships with the governments of many Commonwealth countries. With 22 years of rich practical experience and based on the philosophy of "Integrity-based, Client-centered," we carefully select projects and provide professional services to clients, with successful cases spread across the globe!
• One of the immigration agencies that introduced multiple Commonwealth fast-track passport programs (Citizenship by Investment programs) to China early on;
• Served as the global general agent for the Commonwealth of Kiribati's investment passport program and a global Tier-1 agent for the Commonwealth of Nauru's citizenship by investment program at the beginning of this century;
• One of the immigration agencies that introduced the Commonwealth of St. Kitts and Nevis Citizenship by Investment program to China early on;
• The first to hold investment citizenship seminars featuring heads of Commonwealth countries.
WorldWay Group Chairman Dr. Winner Xing (first from right), Vice President Ms. Li Ma (second from right), and General Manager of WorldWay Immigration Beijing Office Ms. Tracy Sun (first from left) in a friendly meeting and photo session with Thomas Anthony, Head of the Grenada Citizenship by Investment Unit (second from left).
For asset allocation, start with identity! For your 2019 identity planning year, choose WorldWay to handle your Grenada Commonwealth passport program! For more details, please consult: 400-138-2929
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