The Tax Appeal of Grenadian Immigration

Grenada, a Caribbean island nation, offers a Citizenship By Investment (CBI) program like its neighbors (Dominica, St. Kitts, etc.). However, Grenada's passport stands out with one unique feature: visa-free access to China for up to 30 days. Many people who relocate to the US, Australia, or Canada hesitate to give up their Chinese passports due to concerns about obtaining Chinese visas. Therefore, having a passport with visa-free access to China is a massive advantage.

Precisely because of this advantage, many scammers have exploited Grenada's investment immigration program, temporarily tarnishing its reputation. However, this indirectly proves the attractiveness of its visa-free privileges. Beyond China access, it offers visa-free entry to 144 countries and regions, and it's the only Caribbean nation whose citizens can apply for the US E2 investor visa. Let's examine the application requirements.

Grenada's CBI offers two packages:

• Donate $150,000 to the National Transformation Fund
• Purchase government-approved real estate worth at least $220,000, plus an additional $50,000 donation

Grenada's CBI packages are quite attractive. Now, let's examine whether its tax system is equally appealing.