Why Grenada’s Citizenship can be your gateway to the USA
Investors striving to relocate to the United States (US) and start their business, can simply achieve their dream of gaining a US visa after acquiring Grenada Citizenship by investment.
At a time when having a US investor visa requires undergoing lengthy and bureaucratic procedures, investors holding Grenadian citizenship can grab the opportunity of obtaining an E-2 visa, which is accessible only to citizens of countries with which the US has signed a mutual investment agreement, in a matter of weeks.
Grenada Citizenship by Investment is considered the sole Caribbean country with a bilateral arrangement with the US for the E-2 visa. While investors holding Grenada citizenship can apply for an E2 visa to the US if they invest at least $100,000 in a viable and income-generating American firm, citizens of other Caribbean countries can only obtain an L-1 or EB-5 visa to the United States, which have similar benefits but require a more complicated and expensive application process than the E-2 visa. Furthermore, Grenadian nationals planning to visit the US can apply for a 10-year B-1/B-2 tourist visa in two weeks and stay in the country for up to 180 days every year.
What is an E-2 Treaty Investors Visa
E-2 Treaty Investors Visa is a non-immigrant visa that allows a national of a US treaty country to reside and do business in the US in exchange for a significant investment in a commercial enterprise, however, it does not lead to a green card. Qualified treaty investors and employees can travel to the US at any time and stay there for a duration of two years. They can also renew the visa for a limitless number of times. Treaty investors and employees may be accompanied or followed by spouses and unmarried children who are under 21 years of age. All E-2 nonimmigrants must retain an intention to leave the US when their status expires or is terminated.
The E-2 visa is less expensive and faster to obtain compared to other forms of the US business visa such as L-1 and EB-5, and it is issued within two to three weeks. With an E-2 visa investors can also apply for an EB-5 immigrant visa, which is granted to investors who pledge to invest starting from $500,000 in a business for at least a period of five years.
Benefits of an E-2 Visa
The E-2 visa opens the door to immense business, social, and educational opportunities in the US. It is considered one of the most cost-effective methods to start a business in the US. It is also among the most sought-after investor visa in the world since it allows them to establish their business in one of the world’s most prosperous economies.
The number of E2 visa renewals is limitless if the registered company operates and follows the conditions and rules of this visa. E-2 visa holders are not taxed on their worldwide income if they spend less than 120 days per year in the US. They can also hire specialist staff from their home country (non-family members) to work in their company.
The investor’s spouse may work in the US by obtaining Employment Authorization, and the children may attend top-notch schools and universities until the age of 21. In the US, public school education is free, and dependent children under the age of 21 are not forced to pay the same tuition as overseas students.
Advantages of Grenadian citizenship
Many high-net-worth individuals come from countries that don’t have a treaty of navigation and trade with the US, which is considered a barrier to accessing the E-2 visa. Fortunately, the Grenada Citizenship by Investment program makes it possible, as citizens are eligible to apply for the US E-2 visa.
The application process for Grenada’s citizenship program is cost-effective, fast, and straightforward, as it can be provided within 5 to 6 months, with no interview, education, and management experience required to apply. Also, there are no physical residency requirements and applicants do not have to visit the island nation before or after applying. Grenada’s citizenship is granted for life and is irrevocable, and dual citizenship is allowed.
The advantages of Grenadian citizenship do not stop there, as Investors or individuals can also gain visa-free or visa-on-arrival travel to 146 countries, including the United Kingdom, the Schengen area, Singapore, and China. Grenada is also a stunning island, which is perfect to live in peace and serenity after retirement from many years of hard work. The country also does not impose taxes on foreign income, capital gains, dividends, wealth, and inheritance.
Applying for citizenship by investment program in Grenada can only be done through a government-approved agent. Applicants need to undergo a strict due diligence process and must contribute via a non-refundable contribution to the National Transformation Fund or purchase real estate in a government-approved project.
Source: Why Grenada’s Citizenship can be your gateway to the USA
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