In the context of CRS and foreign exchange control, the role of global asset allocation has become more and more obvious. The investment thresholds of mainstream immigration countries are constantly increasing, the processing time is long, the cost is huge, and the immigration supervision is time-consuming and laborious, making the wind of investment immigration start to blow towards some "short, flat and fast" immigration projects, of which the Grenada immigration project is obtained with its short cycle and one step. Commonwealth status, no immigration supervision, and convenient tax planning functions stand out and become the first choice for the global wealthy nationality project. At the same time, citizens of Grenada can apply for an E-2 visa to the United States. There is no need to wait for a long immigration schedule like domestic citizens. This is also favored by many people who need to live and work in the United States for a long time.
Grenada is a young and energetic country that attracts more than 400,000 overseas tourists every year. It has excellent natural conditions and is located in the heart of the four continents of North America, South America, Europe and Africa. It is a gateway to the world and enjoys free trade in Caribbean organizations. The agreement is an ideal place for business full of opportunities. A large number of preferential business policies, such as import and export trade tax reductions, export trade allowances, and Caribbean trade tax exemptions, have contributed to this beautiful island country becoming an offshore tax haven, holding companies, exempt companies, property trusts, and offshore funds. The best place to set up.
Since the resumption of diplomatic relations between China and Grenada in 2005, the two countries have had extensive exchanges in various fields such as politics, economy and trade, and culture. In particular, bilateral economic and trade cooperation has also been increasing year by year. On June 10, 2015, the governments of China and Grenada signed an agreement on mutual visa exemption, which took effect on the same day. According to this agreement, citizens of the two countries with valid passports are exempted from visas for entry, exit or transit in the other country. The visa-free stay period is 30 days. Grenada is the only Caribbean CBI that has the advantage of mutual visa exemption with China. project.
In August 2013, Grenada passed the 15th Act, allowing investors to obtain Grenada citizenship by investing in fixed asset projects approved by the Grenada government, and apply for citizenship together with their affiliated applicants; in May 2019, Grenada made an adjustment to the 2013 Bill 15 was amended to allow multiple investors to invest in the same government-approved project, and each investor’s investment amount is only US$220,000, thereby obtaining Grenada status for himself and his affiliated applicants.
In May 2019, Singapore Hengsheng Group successfully purchased a piece of land in Levina, Grenada, and was authorized to develop the surrounding Levina Mountains and beaches. The Minister of Foreign Affairs of Grenada and Hengsheng Group signed a strategic cooperation agreement to jointly build Grenada's national key development project-Grenada National Tourism Resort. This project is Grenada's largest foreign investment project, which aims to enhance Grenada's international tourism image and play a core driving role in driving the development of Grenada's tourism economy. The project is located in the northeast of Grenada, with a planned area of nearly 3,000 acres and an investment amount of more than 2.2 billion US dollars. In August 2019, the Grenada National Tourism Resort project became an investment citizenship project approved by the Grenada government, allowing investors to adopt equity investment The project quickly obtained Grenada citizenship for the whole family, providing investors with a convenient, fast and safe overseas identity investment opportunity.
“The citizenship by investment program enables countries to grant residency or citizenship to individuals in exchange for large investments. The program is becoming the latest option for savvy investors to invest in safe-haven investments because it brings new risk management and investment to high-net-worth investment portfolios. Optimizing choices." The current market turmoil and increased political risks (especially related to the coronavirus outbreak) are accelerating people's inclusion of residence and citizenship as a necessary part of their portfolio. By acquiring new identities to expand the scope of travel and market expansion, so as to obtain greater liquidity and more opportunities to avoid the danger of turbulent markets and political turmoil, this is a key factor in investing in overseas identities.
Recently, Peter Charles David, Minister of Foreign Affairs of Grenada, mentioned in a public speech that Grenada is expected to be visa-free for Canada! It is foreseeable that once the visa-free Canada is officially announced, the gold content of the Grenada passport will inevitably be greatly increased. Coupled with the strong advantages of visa-free China, the U.S. E2 best country treatment and the "four in one" of the Commonwealth passport countries, its comprehensive value will be even worse. It goes without saying.