Grenada is an island nation in the eastern Caribbean Sea. Its neighboring countries include Saint Vincent and the Grenadines to the north, Barbados to the northeast, Trinidad and Tobago and Venezuela to the south and Curacao to the west.
The capital, St. George’s, hosts international airport and the hugest port in the country. Tourists are largely attracted by mild warm climate, unique destinations, kayaking, diving, and surfing opportunities.
The country possesses developing economy. The most significant sectors of economy are tourism, agriculture, and investments from the citizenship program.
Grenada is a member of Commonwealth community, which allows free access to UK market and free travel within the Schengen zone. Also, Grenada has membership in the Caribbean Community (CARICOM), and the Organization of Eastern Caribbean States (OECS).
There are three types of banks in Grenada: local banks under the auspices of Eastern Caribbean Central Bank (the official currency is the Eastern Caribbean Dollar (XCD), international banks, and offshore banking. Businesses, that are registered in offshore zone, enjoy tax-free regime. Offshore banking attracts businessmen, as it offers tax efficiency, privacy, and financial flexibility.
Grenada has a simplified tax framework, that distinguishes it from many other countries.
Grenada’s tax-friendly environment especially attract investors and businessmen.
Personal income tax operates on a progressive tax scale, which means that it depends on the amount of money a person earns. Progressive tax is from 10% to 28%. It starts for individuals who earn more than $24,000 in a year.
Resident companies are subject to a corporate tax of 28%.
Citizens of Grenada do not pay any tax when buying property, when selling - 5%.
The standard VAT is 15%. However, one should pay attention to the following exclusions: 20% tax rate for mobile operators, 10% for hotels, restaurants, and diving companies, 0% for the companies engaged into some specific activities.
Property tax is up to 0,8% of the market property value. This tax is divided into a land tax and a building tax.
There are no taxes on wealth, inheritance, capital gains, dividends.
Grenada has double tax treaties with the UK and the countries of CARICOM.
Grenada's Prime Minister Deacon Mitchel Monday presented an EC$1.3 billion (one Eastern Caribbean dollar = 0.37 US cents) national budget to Parliament and announced a series of relief measures for citizens amounting to more than EC$50 million.
The present article covers outstanding characteristics of Grenada Citizenship program, its exceptional advantages, eligibility criteria, investment options, and ways to obtain. Provided that you're speculating on obtaining a Grenada passport, read this article to understand the reasons why Grenada citizenship is a superb variant.
Businesses in Grenada are fully-owned or joint venture.
Talking upon types of entities in Grenada, there are sole trader, partnership, private limited company, branch.
Exclusive real estate services
Banking assistance (local and offshore accounts)
Company registration/incorporation (local and offshore companies)
Police reports for approved clients
Getting a driver's license
Tax Identification Number
Spouse can be added to the application, as well as children under 30, who financially depend on the applicant, parents and grandparents, brothers and sisters over 18, who are not married and without children, also dependent on the applicant financially.
I thank One World Migration for the opportunity to move to Turkey with their help. I looked for a freelance job option for myself for quite some time, so that I could move to another country.
I first came to Portugal as a tourist 3 years ago. Having assessed the situation and got acquainted with this country, I decided that I wanted to stay here to live. Thanks to the efforts of One World Migration, this became possible.
The decisive factor for me in my decision to obtain Grenadian citizenship was the possibility of a visa-free visit to Europe, where my husband and I love to come both on business trips and on vacation. Thank you One World Migration!
I have to thank One World Migration and their customer mindset for obtaining Grenadian citizenship. We were able to prepare all the necessary documents in the shortest possible time and without unnecessary worries and they accompanied us throughout the entire process.
The initial amount is approximately 30% of the total investment amount and will depend on the program and family composition.
One World CEO Anastasia Barna discusses the inherent risks of the “financing scheme” within the Caribbean Citizenship by Investment (CBI) real estate option.
Four of five Caribbean countries with CBI programs, namely Antigua and Barbuda, Grenada, Dominica, Saint Kitts & Nevis, signed a memorandum of understanding (MoU) to set the minimum threshold to $200,000 and collaborate on specific aspects.
With Turkiye you will have an opportunity to come one step closer to the business and real estate market in Eurasia, that is full of entrepreneurial opportunities and innovative ideas. The country boarders with a great range of countries, thus, suggesting new opportunities to people for efficient entrepreneurship and business development.
