The United States Department of State has been making its 2024 Investment Climate Statements. The recent one about Grenada makes for interesting reading. Especially if you’re looking into Citizenship by Investment in Grenada.

Introducing Grenada as an Investment Migration Destination

This recent US Department of State Investment Climate Statement begins with an executive summary. From the opening paragraph onward, it paints a positive picture of the Eastern Caribbean island.

The statement continues with more praise: “The country’s legal framework for business is strong. The availability of tax incentives, equitable treatment of national and international investors, political stability, good infrastructure, and a favorable location makes Grenada an attractive investment climate.”

“Grenada is one of the region’s most attractive tourism destinations and an excellent investment destination.”

The Citizenship by Investment in Grenada Verdict

The US Department of State identifies the biggest foreign direct investment (FDI) as coming from two sources: tourism and Citizenship by Investment. There’s praise for the rebranded, “robust” Investment Migration Agency (IMA) Grenada which launched in March 2024.

This statement notes that “in the realm of investment migration, few recent success stories shine as brightly as Grenada’s Migration Agency (CBI program).”

“In the first half of 2023, CBI revenues soared by an astounding 213 percent compared to the same period in 2022,” the statement continues. The executive summary concludes with a reassuring thumbs-up: “This regime ensures transparency, equitable treatment of investors, and adherence to the rule of law, thus bolstering Grenada’s marketability as an investor-friendly climate.” 

If you are looking at Grenada Citizenship by Investment as an investment migration solution, the chance to enhance your global mobility is a major benefit. For becoming a Grenada citizen entitles you to apply for a Grenada passport. We rate this travel document among the top 25 most powerful passports.

The 2018 “bilateral Open Skies Agreement with the United States” boosts the Grenada passport’s suitability as a plan B passport.

The move to “increase capacity and the number of routes, and improve the ease of travel to and from Grenada” is heartening. 9 airlines have been offering all-year-round and seasonal flights in and out of Maurice Bishop International Airport, and they will be joined by a 10th in the form of WestJet from November 2024.

Opinion From Latitude

Latitude Caribbean’s Managing Partner is Christopher Willis. He’s as effusive about Citizenship by Investment in Grenada and the Spice Island itself as the US Department of State. Willis states that “touching down at Grenada’s airport feels like you’ve landed inside a travel brochure.”

“A sandy shoreline? Check. Tropical palm trees? Check. Azure skies and sea? Check. Delicious nutmeg ice cream and local chocolate. Check. ”

“But what should convince those looking to invest in citizenship in Grenada is the professionalism of IMA Grenada. They’re well-run and forward-thinking, in tandem with a government that has driven an economic recovery.”

How to Get Citizenship by Investment in Grenada in 2024

You cannot apply for Grenada Citizenship by Investment directly. This means you have to go through a trusted investment migration consultancy such as Latitude Group. So, don’t delay and contact us today.