Grenada is a breathtaking island nation in the Caribbean. It is known for many attributes; its natural beauty, its hot tourist areas, its illustrious citizenship by investment program, and for being one of the world’s best tax-havens.
Dubbed spice islands, Grenada is stack full of natural resources and has a booming financial services sector. Its status as a commonwealth country with close ties in the UK means it has a close-knit group of financial allies. It is also part of the Organization of Eastern Caribbean States and a key member of the CARICOM association; making it uniquely situated for investors wishing to blossom their financial and business practices.
The country’s tax regime aids in the quest, as Grenada does not apply any inheritance, wealth, or capital gains tax on its individuals; while income tax on profit generated outside of Grenada is not taxable. This has led Grenada to become one of the most favorable destinations for investors wishing to free themselves from the shackles of brutal taxation regimes.
Grenada is also home to one of the world’s most popular citizenship by investment program run by its government; wherein investors can become Grenadian citizens and gain the Grenada passport through investing in the Caribbean nation. The Grenada second citizenship by investment program offers investors two routes of investment to gain citizenship:
- Donating to the National Transformation Fund which requires a minimum amount of USD 150,000
- Purchasing real estate in the form of shares in a five-star resort or actual property with a minimum amount of USD 350,000`