The Grenada passport is one of the most sought-after in the world today. This is because of its wide range of benefits. Before going deeper into its benefits, Grenada stands out in many ways. Citizens enjoy political stability, global trading opportunities, and better international mobility.
If you want to experience these benefits, consider getting a Grenada passport. But you might not know what to expect after getting this passport. This article will help you know the benefits you can anticipate. Read to the end to ensure that you’re making the right decision before applying.
Here are the benefits of holding a Grenada passport.
Passport for All Family Members
Getting a Grenada passport means you can bring your family along with you. Most people do not like moving to other countries because of family. Leaving your loved ones behind for several months or years might be difficult. Thus, it is best when they can move together with you.
Grenada only has a few specifications on who can get considered a close relative. For instance, you can have your spouse and children on the application. You can also add a newborn if you get one after the application. Your parents and parents-in-law are also part of your family.
Age is also a factor to consider when deciding who to bring. It’s not possible to move with your child who’s 30 years or older. Despite these limitations, there’s no doubt that a Grenada passport is worth having. You will not need to worry about leaving them behind.
Visa-Free Travel
This is one of the most significant benefits of a Grenada passport. You do not enjoy visa-free travel to many countries from anywhere. Grenada is among the countries whose citizens can travel to many countries without applying for a visa.
Grenada visa-free travel is available in over 140 countries worldwide. You can access China, Russia, the EU, and Commonwealth nations. It allows you also to enter the Caribbean and Schengen states visa-free. These are countries that many people want to visit.
Access to these Grenada passport visa-free countries can open many doors for you. It will be easier for you to explore opportunities in different countries. Also, you will identify places where you can invest. This will then help you multiply your wealth and secure your future.
Permanent Lifetime Citizenship
Many people worry that they might lose their second citizenship. Yes, you might lose your citizenship if it is not well secured. For instance, a change in policy in the future might invalidate your citizenship. That means you’ll not enjoy the same benefits you have become used to.
The good news is that this isn’t the case with Grenada. Once you have a Grenada passport, you get lifetime citizenship. Your citizenship gets secured, and you cannot lose it whatsoever.
So, you can be sure that a change of regime or policy won’t affect your citizenship.
You can be sure that the benefits you’re entitled to will remain for a lifetime. Also, you can invest in Grenada without any worries when you are sure of lifetime citizenship. This also extends to your immediate family and coming generations. They all become permanent Grenada citizens.
Tax Exemptions
The tax burden can be a major concern for many people. It is an even bigger concern when moving to a new country. You want to know if there’s heavy taxation or if it is manageable. You can run a business but not get good returns if the taxes are too high.
One reason to go for a Grenada passport is that taxes are quite low. You won’t have to worry about inheritance, gifts, wealth, and many other taxes. The tax laws in Grenada protect its citizens from such punitive taxes that you might find in other countries.
That’s not to say that you will live a completely tax-free life in Grenada. The benefit is that there are no extra taxes like those mentioned before. This means you get maximum value from your business. Also, you do not have to worry about your inheritance getting taxed.
A Route Into the USA
You can also enjoy easy access to the US if you have a Grenada passport. Visas to the US are usually not easy to obtain in other countries. Citizens of Grenada can easily access E-2 Visas. The process is less daunting and takes a shorter period to complete.
The E-2 visa comes with a wide range of benefits. For instance, it allows the holder to work in the US. They can also set up a business or invest in any other way. Once you have it, you can also take your spouse and kids under 21 years old with you.
Recognition of Dual Citizenship
Dual citizenship gives you the advantage of belonging to two nations. You can hold dual citizenship by acquiring a Grenada passport. You will retain your country’s citizenship and still get recognized as a citizen of Grenada. As such, you can belong to two countries simultaneously.
But there are some unique features of Grenada’s dual citizenship. For instance, you can pass it down to other generations. There also is no residency requirement. Thus, you can retain your citizenship for as long as you want.
Grenada also won’t inform your country that you obtained second citizenship. This will give you the privacy you need. In addition, it will protect you from any foreign income taxes that your country might be imposing.
Conclusion
You might have been undecided on whether to apply for a Grenada passport or not. We hope this article has gotten you out of the dilemma. It has taken an in-depth look at how this passport can benefit you. You can now decide if it is worth applying for by basing your decision on its benefits.
The benefits discussed above will benefit both you and your family. For instance, you will have the opportunity to bring your family. Also, your family will enjoy tax exemptions and enjoy visa-free travel. These are some of the features that make this passport worth it.