businesslive.co.za- One consequence of global unrest is an increase in migration. There are now more than 258m people living in a country other than their country of birth, according to the United Nations Department of Economic and Social Affairs. This is an increase of 49% since 2000.
In particular, there has been increased demand from high net-worth individuals (HNWIs) in these jurisdictions seeking second citizenship as a way to protect themselves and their families from the risks caused by external political and economic factors beyond their control.
Obtaining second citizenship gives a person options and security, much like buying insurance. It can provide a bolthole for hard-earned wealth and even a new home for those wrongly persecuted by unfair governments.
A second citizenship also provides those in need with another passport to travel visa free, as many unsettled countries’ passports afford only restricted international mobility.
Grenada’s citizenship programme
Generally, if you’re in the market for a second citizenship, you want it quickly with minimum hassle and maximum global access.
Grenada’s citizenship-by-investment (CBI) programme is a fast, financially sound citizenship investment opportunity that gives global access rights that other CBI programmes around the world simply cannot rival.
It is one of a select few countries in the world that has a 30-day stay permit (visa waiver) with China. Citizens who are tax residents in Grenada are not subject to pay Grenadian tax on their foreign income, nor do they pay any wealth, gift, inheritance or capital gains tax.
Grenadian citizenship gives global access to more than 128 countries including the EU Schengen area, the UK, China, Singapore and Russia, and only takes about 120 days.