Benefits of obtaining a second citizenship
Visa restrictions
Because of the current political climate, many applicants are refused permission to cross the borders of other countries. That is why, in some cases, foreign nationals are forced to forgo travel documents for close relatives in favor of what is known as a solo trip.
In such situations, holding Grenada citizenship not only removes almost all visa restrictions, but also significantly reduces the cost of obtaining entry permits to other countries.
Freedom of movement
Anyone wondering why a second citizenship is worth having should understand that a Grenada passport allows visa-free travel across the borders of 146 countries. That list includes every Schengen Area country, the United Kingdom, Hong Kong, Singapore, and China.
A Grenada passport also significantly simplifies obtaining a US investor visa, which allows not only a temporary move to the country but also opening a company there.
Access to education
The benefits of a second citizenship are not limited to trips abroad. Holding a Grenada passport also gives the main investor's children the opportunity to study at leading universities in the United Kingdom and the countries of the Schengen Area.
A foreign student holding a Grenada passport can, on equal footing with local students, access benefits and apply for scholarships and grants.
Setting up a company
Second citizenship has its advantages, one of which is the ability to open a business in another country.
Experienced entrepreneurs choose countries with the lowest tax rates for this purpose. But when setting up a business, it's important not to overlook the issue of double taxation. To minimize the costs associated with setting up a company and paying taxes, it is recommended to get advice from specialists in investment citizenship.
Tax optimization
Grenada has a fairly favorable tax policy. Tax residents of the country pay no tax on:
- capital gains;
- gifts and inheritance;
- interest and dividends;
- income earned from foreign sources.
Grenada citizenship gives foreign nationals a long list of advantages. However, holding official status always comes with legal matters that need to be handled.
What services do we provide to Grenada citizens?
MIRBEZVIZ specialists provide individuals and entrepreneurs with comprehensive advisory and legal support at every stage of life in Grenada:
- renewing and restoring a Grenada passport;
- opening a bank account in Grenada;
- obtaining a police clearance certificate in Grenada;
- registering a company in Grenada;
- obtaining a driver's license;
- applying for a Tax ID;
- buying land or real estate in Grenada;
- chartering a catamaran in Grenada.
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