Articles Related to Citizenship

Similar programs (offering property investors rights of citizenship along with associated visa-free travel benefits) are currently working well in the nearby islands St. Kitts and Dominica. Cash-strapped Antigua & Barbuda is also planning to launch an invest-for-citizenship program later this year. 

From 1998 to 2001, Grenada sold passports to investors for US$40,000. The practice put the country on the international blacklist of nations considered uncooperative in fighting money laundering and finally was determined to be too detrimental to security in the wake of 9/11. Grenada was removed from the money-laundering blacklist a year later. Now, a decade later, the cash-strapped country has decided to give its economic citizenship program another go. The price this time is expected to be at least US$100,000.

Potential areas of qualifying investment include infrastructure (roads, airports, and ports), agribusiness, tourism, energy (renewable and non-renewable), and "youth development." Key performance metrics will include level of investment and number of jobs created.

Grenada has passed through the global recession and is currently a top Caribbean destination. This is a beautiful little island with a growing property market and high hotel occupancy rates. Now, in advance of the expected return of its citizenship investment program, would be a good time to take a stake.

Lief Simon

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Kathleen Peddicord

Kathleen Peddicord is the founder of the Live and Invest Overseas publishing group. With more than 25 years experience covering this beat, Kathleen reports daily on current opportunities for living, retiring, and investing overseas in her free e-letter.

Her book, How To Retire Overseas—Everything You Need To Know To Live Well Abroad For Less, was recently released by Penguin Books.

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