Grenada citizenship by investment – pros and cons and the story behind this program is here.
Grenada was offering economic citizenship in the nineties but has since then withdrawn the program, only to release it again recently.
This is, in Andrew’s opinion, one of the more appealing second passports in the Caribbean, and this video will address all the selling points, as well as downsides of this CBI.
There are two ways to get Grenada citizenship, which is quite common for these programs – either through donation or by buying real estate.
It’s good to note that the price of individual donation has been reduced, but it’s still more expensive than some other Caribbean programs.
To find out more about other Caribbean citizenship programs, don’t miss this video:
One perk that sets Grenada apart from other citizenship programs is that they raised the age limit for dependent children to 30, which is quite unique.
When it comes to investing in real estate, you will need more money, but most importantly, the real estate you’re buying has to be CBI “approved”.
There are a decent number of options if you want to pursue this path, just find a developer that fits your needs best.
When it comes to Grenada passport, you get visa-free access to China and Russia, which not something any other economic citizenship program can offer.
To find out more about Grenada citizenship positive and negative sides, keep watching the video.
If you have any questions, talk to us in the comments and don’t forget to subscribe for your daily dose of Nomad Capitalist news!
ABOUT NOMAD CAPITALIST
Andrew Henderson travels to nearly 30 countries every year to stay up to date on the latest legal strategies for entrepreneurs and investors to pay less tax, grow their money faster, and build their personal freedom.
Andrew started Nomad Capitalist to help people like you follow his five magic words: “go where you’re treated best”. He has personally started foreign companies, opened offshore bank accounts, and obtained multiple second passports.
He also learned the hard way that perpetual information seeking is often the biggest barrier to getting the results you want. Many entrepreneurs spend months and even years constantly researching how to pay less in tax or live overseas, but are afraid to make the jump.
As a result, they get stuck and keep paying a fortune in taxes and never get the lifestyle they deserve.
Nomad Capitalist’s Youtube channel is based on Andrew’s vision that focusing on the end result, rather than the latest shiny object, is the best way to actually obtain the benefits of the Nomad Capitalist lifestyle.
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