5 Main Benefits of Grenada Citizenship by Investment Program

5 Main Benefits of Grenada Citizenship by Investment Program

Grenada passport for overseas citizens carries a range of benefits that extend beyond diversifying your portfolio or visa-free access to more than 140 worldwide destinations.

Obtaining a second citizenship often is a long and expensive process due to due diligence and legal casework along with property investment, so it’s important to know how it benefits applicant and their unique situation or goals. Manns Solutions would like explore five ways a Grenada passport for overseas citizens to brings important points and detailed benefits of the immigration by investment program.

 

  1. Applicant can bring their Family

The applicant can bring the family together and obtain Grenada passport. There are a few specifications as to the distance of a relative and their age, such as that no child aged 30 and over is included on the citizenship application. After applicant received Grenada citizenship, any new spouse or a new-born can also be granted citizenship by investment. Then they are also able to add their parents and parent in-laws on the same application.

 

  1. Availability of Dual Citizenship for Generations

Grenada citizenship by investment can be passed down to generations and applicant’s children can carry that citizenship as well. Moreover, there is no residency requirement to gain or maintain your status as a citizen and an applicant don’t have to renounce their prior citizenship as well.

 

  1. Visa-free Access to Travel Globally

One of the main benefits of a Grenada passport is bypassing the struggle for a travel visa altogether, including UK Visitor Visa and E-2 USA visas. After obtaining a Grenada passport, applicant gain global mobility and visa-free travel to over 140 countries, including China, Russia, the European Union, the Caribbean, the Schengen countries, the Commonwealth Nations.

 

  1. Tax Exemptions & Tax Planning

Regarding Grenada passports who concerns about tax planning with obtaining new citizenship, that concern is quickly diminished. Grenada citizens has low tax regime that safeguards citizens from extra taxes such as

  • Gift taxes
  • the Inheritance tax
  • Capital gains taxes
  • Wealth taxes
  • Overseas Income taxes

 

  1. E-2 Visa Access to the USA

One important benefit to a Grenada citizen has its a pathway to an E2 USA visa. E2 USA Visa allows applicant to set up a business, or work for a company in the United States, children under 21 to have access to esteemed education facilities, and their spouse is also able to work.

The E2 USA visa allows applicant to live in the United States for as long as their business efforts meet the criteria and the visa itself can be extended indefinitely if applicant continue to meet those requirements.

 

LONDON BASED SOLUTION ADVISERS – Grenada Citizenship

Full Support with our Solution Advisers & Property Consultants:

Property search based on your requirements (from residential properties to high-value luxury developments)

– Property virtual tours, 3-D tours, and in-person tours available.

– Due diligence checks and additional property checks completed by our experts.

– Residency & Citizenship document preparation and submission.

– Full support until you receive your second passport & residency.

Mann’s Solutions is an international immigration law firm with offices in London, Hong Kong, and Moscow and has expertise in offering UK Visas and Immigration by Investment services to high-net-worth individuals. Our immigration advisers are regulated by OISC and IMC (Investment Migration Council).

For further information or to discuss your circumstances in a private consultation with our immigration lawyers in London Office, please contact us at enquiries@manns-solutions.com  or call +44 207 993 63 46.

Full Guide on Saint Lucia Tax System

In Saint Lucia, both persons and registered companies are subject to personal and corporate income tax. Read our article about St. Lucia Tax System below.

Personal income tax in Saint Lucia

It can be stated that any individual residing in St. Lucia as a tax resident is taxed on all income generated within Saint Lucia. Foreign income, brought into the nation during their residency period is also taxed, this income tax rate is calculated on a scaled bracket meter. The minimum taxable financial income is set at 18,000 XCD.

Tax rates:

  • Income up to 10,000 East Caribbean Dollars – 10%;
  • 10,000 to 20,000 – 15%;
  • 20,000 to 30,000 – 20%;
  • over 30,000 – 30%.

On the other hand, Saint Lucia citizens are not subject to wealth or withholding tax. Additionally, there is also no capital gains tax and no tax returns that must be filed in that regards either.

Talking about people living in the country who generate income from international business, they are only taxed on that income if it is entered into St. Lucia.

Income tax for companies in Saint Lucia

Talking about corporate tax, the companies are taxed at a flat rate of 30%.

On the other side, companies that are considered non-resident, are liable for corporate tax on local income and interest and are taxable at a flat rate of 25% withholding tax. Also, a withholding tax rate of 15% applies to interest. In Saint Lucia, companies are not subject to capital gains tax.

Property tax

Residential property in Saint Lucia is subject to a meager of 0.25% of their fair market value tax. Commercial property on the other side is subject to a 0.4% rate.

What benefits offer the program?

Saint Lucia Citizenship Program lets obtain a second passport in just 3-4 months. The physical residence is not required, and the passport can be easily obtained remotely. The whole family including spouse, children, and parent can apply for citizenship. Saint Lucia’s tax regime claims no tax on income, wealth, and inheritance which is beneficial for high net-worth individuals and their families. In addition to that, there’s a short investment period of 5 years.

What are the program investment options?

To become a St. Lucia resident, the investor is required to choose one of the following investment options:

1, $100,000 – Non-refundable donation to the government fund

$100,000 – Contribution to the NEF (National Economic Fund) is non-refundable. The donation amount may vary based on the number of dependents included in the main applicant’s application.

$100,000 – $150,000 – To qualify for citizenship as a single applicant, you will be required to make a government donation of $100,000, $140,000 for a family of 2, and $150,000 for a family of up to 4 members.

2. $300,000 Real Estate Investment

$300,000 – Real Estate option should be approved by the government. The property can be sold in 5 years

3. Investment of $250,000 in government bonds

$250,000 – $250,000 for a single applicant, investment term 5 years. $250,000 for the main applicant and spouse, investment term 6 years. $250,000 for a family of up to four, investment term 7 years.

$300,000 – for a family of up to four, investment term 5 years

In which properties should I invest if I choose the property investment option?

Mann’s Solutions team recommends investing in residential properties, resorts, or boutique hotels that are approved by the local authorities. Many investors choose to invest in hotels as St. Lucia has a well-developed tourist industry.

LONDON BASED SOLUTIONS ADVISERS – St Lucia Passport

Full Support with our Immigration Advisers & Property Consultants:

Property search based on your requirements (from residential properties to high-value luxury developments)

– Property virtual tours, 3-D tours, and in-person tours available.

– Due diligence checks and additional property checks completed by our experts.

– Residency & Citizenship document preparation and submission.

– Full support until you receive your second passport & residency.

Mann’s Solutions is an international immigration law firm with offices in London, Hong Kong, and Moscow and has expertise in offering UK Visas and Immigration by Investment services to high net worth individuals. Our immigration advisers are regulated by OISC and IMC (Investment Migration Council).

For further information or to discuss your circumstances in a private consultation with our immigration lawyers in London Office, please contact us at enquiries@manns-solutions.com  or call +44 207 993 63 46.

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EB-5 USA Visa Full Application Process

USA EB-5 Visa grants the right to live, work, and study in the United States and give US Residency (conditional green card) in 12 months. The program requires to invest $900,000 in a government-approved business. To make application process easier for our clients, Mann’s Solutions team decided to prepare full EB-5 Visa application process guide.

Step 1 – Hiring an Immigration Attorney

  • Taking into consideration your immigration goals and circumstances, the attorney will help determine whether the EB-5 visa is the right option for you.
  • To make sure you meet all EB-5 visa requirements, your attorney will analyze EB-5 investment for immigration compliance and will prepare all the necessary documents.

Step 2 – Selection of an EB-5 Investment

Step 3 – Investing Your Funds

  • At this step, you will be Investing funds in the new commercial enterprise and filing the Form I-526.
  • You can transfer the funds into an escrow account (the release of your funds would be conditional on I-526 approval and adjustment of status or visa issuance).

Step 4 – Filing Form I-526

  • After preparing and translating all the necessary documentation, your immigration attorney will file the Form I-526 on your behalf.
  • The I-526 is the initial EB-5 petition.
  • When your I-526 From is approved, you will be eligible to apply for conditional permanent residency (which is a 2 year conditional green card).
  • During these 2 years, you will be required to complete the EB-5 requirements, which consist of creating 10 full-time jobs for US workers and maintaining an “at risk” investment in the project.

Step 5 – Adjustment of Status/Visa Processing

  • Getting your conditional green card. Depending on if you are inside or outside of the US, there are 2 ways to adjust your card. You will either adjust status in the US or you will go through consular processing abroad.
  • Submitting Form I-485 and Consular Processing Form DS-260.

Step 6 – Becoming Unconditional Permanent Resident

  • After 21 months of becoming a conditional permanent resident, you are eligible to become a green card holder.
  • The Form I-829 is the application to have the condition removed from your green card.
  • The investor also has to show that all the requirements of the EB-5 program are met. This is done by showing that your investment in the project was sustained and that you created 10 full-time jobs for US workers.

Step 7 – Becoming US Citizen (Optional)

  • After maintaining permanent resident status for at least 5 years, you can apply for Naturalization and become a US citizen.

About USA EB-5 Residency Program

USA EB-5 Visa for Investors, permanent residency program grants the right to live, work, and study in the United States and give US Residency (conditional green card) in 12 months. EB-5 is an efficient route to permanent resident status in a short period. The whole family including children under 21 can apply for Green Card and qualify for US Citizenship after 5 years. The EB-5 Visa requires investing $900,000 in a government-approved business.

The USA remains one of the most sought-after destinations for investors as the country offers a business-friendly environment, high quality of life, great supply chains, good infrastructure, and perspective workforce factors. It can be stated, that the nation’s diversity and openness are what truly allow businesses from all over the world to find their place in the market – and thrive.

Program Benefits

USA EB-5 Visa for Investors, permanent residency program grants the right to live, work, and study in the United States and give US Residency (conditional green card) in 12 months. EB-5 is an efficient route to permanent resident status in a short period of time. The whole family including children under 21 can apply for Green Card and qualify for US Citizenship after 5 years. The EB-5 Visa requires to invest $900,000 in a government-approved business.

Investment Options

General Requirement

– No criminal record

– 18+ age

– Reliable investment sources

Minimum investment $900,000

– Investment should create 10 full-time jobs

– EB-5 center must be compliant with USCIS requirements

LONDON BASED SOLUTIONS ADVISERS – USA EB-5 Visa

Full Support with our Immigration Advisers & Property Consultants:

Property search based on your requirements (from residential properties to high-value luxury developments)

– Property virtual tours, 3-D tours and in-person tours available.

– Due diligence checks and additional property checks completed by our experts.

– Residency & Citizenship document preparation and submission.

– Full support until you receive your second passport & residency.

Mann’s Solutions is an international immigration law firm with offices in London, Hong Kong, and Moscow and has expertise in offering UK Visas and Immigration by Investment services to high net worth individuals. Our immigration advisers are regulated by OISC and IMC (Investment Migration Council).

For further information or to discuss your circumstances in a private consultation with our immigration lawyers in London Office, please contact us at enquiries@manns-solutions.com or call +44 207 993 63 46.

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The Key Points of Spanish Residency Program

Spanish Residency Program is a perfect choice for acquiring EU Residency for the whole family. The program provides 4 investment options starting from €500,000 and does not require a mandatory stay. To make application process easier and answers the most common questions, Mann’s Solutions team prepared a list of Spanish Residency Key points.

Spanish Residency Requirements:

  • Real Estate Investment from €500,000
  • Shares or Business Investment from €1,000,000
  • Bank Deposit from €1,000,000
  • Investment in Government Bonds from €2,000,000

What are the important key points of the program that investor has to keep in mind?

Investors family can be included in the application

The applicant spouse/partner, children under 18 and dependent parents can be beneficiaries of the visa and will be allowed to live in Spain with you. The whole family also will be able to work in Spain, providing local requirements are met.

Property taxes

If you are applying for the Spanish Residency Program by investing in a property, you will also be obliged to pay VAT, Stamp duty (known as AJD in Spain) and Transfer tax on top of the cost of the real estate. Besides, the investor will have to pay non-resident tax on the property. Even when the investor does not reside in Spain and does not rent out the property, the requirement is to pay non-resident tax which is around 24%.

Free movement through Schengen Zone

European Residency will allow you and your family to travel visa-free throughout all 26 countries of Schengen area.

Citizenship in 10 years

Spanish Residency is issued for an initial period of 1 year, however, once you’re in Spain you can apply for further 2 years and once this time is up, you can apply to stay for another 5 years. After 5 years, the whole family will be eligible for permanent residency that grants citizenship after 10 years of residing in Spain.

The property can be sold

After 5 years, when the permanent residency is granted, the investor can sell the property without forfeiting the right to reside in Spain.

The investor cannot use a mortgage loan for the investments

To apply for the program, the investor must have a fair amount of savings as the investment cannot be done through a mortgage company or a loan.

Program Benefits

With a minimum investment of €500,000, the Spanish residency program, grants applicant an initial 2-year residency permit that can be renewed every 5 years after the expiration and let’s apply for citizenship after living in a country for 10 years. It is not required to live in Spain to maintain and renew Residency Permit, however permanent residency and citizenship route requires the applicant and applicant’s family to reside in Spain. Besides, the program lets travel to Schengen Zone for 90 days without a visa and work in Spain.

LONDON BASED SOLUTIONS ADVISERS – Spanish Residency Program

Full Support with our Immigration Advisers & Property Consultants:

Property search based on your requirements (from residential properties to high-value luxury developments)

Property virtual tours, 3-D tours and in-person tours available.

Due diligence checks and additional property checks completed by our experts.

Residency & Citizenship document preparation and submission.

Full support until you receive your second passport & residency.

Mann’s Solutions is an international immigration law firm with offices in London, Hong Kong, and Moscow and has expertise in offering UK Visas and Immigration by Investment services to high net worth individuals. Our immigration advisers are regulated by OISC and IMC (Investment Migration Council).

For further information or to discuss your personal circumstances in a private consultation with our immigration lawyers in London Office, please contact us at enquiries@manns-solutions.com or call +44 207 993 63 46.

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Antigua and Barbuda Citizenship through Real Estate Investment

The highly developed tourism industry and real estate market in Antigua and Barbuda make the twin islands an attractive destination for investors who want to obtain citizenship through a real estate investment.

Like many other former British colonies in the Caribbean, Antigua and Barbuda offer some of the most incredible beaches and chic resorts in the world. From the colorful capital of St. John’s, with museums, shopping, and historic buildings to tranquility and beautiful natural sites, Antigua and Barbuda offer something for each visitor.

What Benefits Offers Antigua and Barbuda Citizenship through Real Estate Investment?

Despite the fact, that Antigua & Barbuda recognises dual citizenship, the citizenship grants many advantages for business expansion and tax relief. Some of the additional benefits are listed below:

  • Stake in growing tourism infrastructure, most commonly hotels.
  • Property can be rented out and earn an income of 2-5%.
  • After 5 years, the property can be sold at a profit.
  • No tax on worldwide income.
  • Fast application processing – 3-4 months.
  • No travel requirements to Antigua & Barbuda to obtain the citizenship.
  • No interview, education or professional experience required.
  • Visa-free travel to more than 130 countries, including the Schengen zone, the U.K., Hong Kong, Singapore and more.

 

Mann’s Solution regularly evaluates and updates the country’s real estate market investment options in order to offer our clients the best real estate options. At the moment, property values in Antigua and Barbuda are relatively low and also offer a high-quality range of options, which makes the islands the perfect place for a Caribbean investment.

To learn more about Antigua and Barbuda Program or to discuss your circumstances in a private consultation with our Advisers in London, Moscow or Hong Kong Office please Contact us at enquiries@manns-solutions.com or call +44 207 993 63 46. We are specialised in offering Immigration by Investment Programs to high net worth individuals. Our Solution Advisers are regulated by IMC (Investment Migration Council).

Antigua and Barbuda Citizenship

Antigua and Barbuda Citizenship by investment program offer one of the most affordable and quick routes to acquiring a second passport. The program grants applicant and applicant family visa-free access to over 140 countries worldwide in only of 3-4 months and offers two investment options, a $100,000 government donation or a property investment from $200,000.

The Eastern Caribbean island of Antigua and Barbuda is known for its tropical forests, lush climate and inviting lifestyle. Tourism generates around 60% of the island’s income. The Antigua and Barbuda Citizenship by Investment Program offers an excellent solution for families willing to travel across key Asian financial centres, Europe and UK.  It is important to mention, that one of the main advantages of Antigua and Barbuda Tax System is that inheritance, global income, wealth, and gifts are not taxable.

Other Program Benefits

Antigua and Barbuda Citizenship Program let obtain a second passport in just 3-4 months. The passport can be easily obtained remotely, as there are no residence requirements, moreover, the whole family can apply for citizenship, including children up to 30, siblings, parents, and grandparents of the applicant. Antigua and Barbuda’s tax regime claims no tax on income, wealth, inheritance, and investment is required only after the citizenship application approval.

All Investment Options

Antigua and Barbuda Citizenship by investment are available through two options. To qualify for the program, you can either make a government donation of $100,000 or invest in real estate on the island starting from $200,000.

1. $100,000 — Non-refundable donation to the government fund

  • Contribution to the Antigua National Development Fund is non-refundable
  • The government donation of $100,000 covers 4 family members, however, the same amount is required if an investor applies alone.

2. $200,000 – $400,000 Real Estate Investment

  • Real Estate option should be approved by the
  • The property can be sold in 5 years

LONDON BASED SOLUTIONS ADVISERS – Antigua and Barbuda

Full Support with our Immigration Advisers & Property Consultants:

Property search based on your requirements (from residential properties to high-value luxury developments)

– Property virtual tours, 3-D tours, and in-person tours available.

– Due diligence checks and additional property checks completed by our experts.

– Residency & Citizenship document preparation and submission.

– Full support until you receive your second passport & residency.

Mann’s Solutions is an international immigration law firm with offices in London, Hong Kong, and Moscow and has expertise in offering UK Visas and Immigration by Investment services to high net worth individuals. Our immigration advisers are regulated by OISC and IMC (Investment Migration Council).

For further information or to discuss your circumstances in a private consultation with our immigration lawyers in London Office, please contact us at enquiries@manns-solutions.com or call +44 207 993 63 46.

Photo by Alexander Kaunas on Unsplash

How to obtain Dominica Passport?

Being one of the longest-running economic citizenship programs in the world, Dominica Citizenship Program is one of the most affordable in the Caribbean. Dominica Passport can be obtained in just 2-3 months and grants the investor visa-free access to over 137 countries. To make the Passport acquisition process more clear, Mann’s Solutions team has prepared a step-by-step guide on how to obtain Dominica Passport.

01 – Receiving more information about the Program

What sets Dominica apart from other Caribbean islands is its unique nature incredible volcanic mountains, green rainforests with exotic plants and animals, numerous waterfalls, picturesque lakes, and volcanic beaches. All this attracts more than 200,000 ecotourism enthusiasts from all over the world each year. Dominica’s program has many advantages, for example, the island’s government recognises dual citizenship and provides applicants with complete privacy.

Also, one does not need to be fluent in English to obtain a Dominican passport and there is no need to take a local cultural test. Economic citizens of Dominica do not have to reside permanently or even spend some time on the island, the passport procedure can be done completely remotely, as by law all interaction with the government department is undertaken by the immigration company. Citizenship can be applied for in a short period of time: the whole process takes between 3 and 6 months.

02 – Selecting investment options 

Mann’s Solutions offers property search from residential to luxury developments based on your requirement, as well as offers property virtual tours, 3-D tours, and in-person tours available.

Dominica Citizenship by investment is available through two options. To qualify for Dominica citizenship by investment program, you can either make a government donation of $100,000 or invest in real estate on the island starting from $200,000.

$100,000 – Non-refundable donation to the government fund

Contribution to the Economic Diversification Fund (EDF) is non-refundable. The donation amount may vary based on the number of dependents included in the main applicant’s application. To qualify for citizenship as a single applicant, you will be required to make a government donation of $100,000.

$200,000 Real Estate Investment

The real Estate option should be approved by the government. The property can be sold in 3 years.

03 – Collection and preparation of the necessary documents

Some of the application supporting documents can include the following items:

· Passport copies

· Certified copies of Birth Certificates

· Police certificates from country of birth and country of residence

· Professional reference and personal references

· Marriage certificate 

· Recent tax return

· Applicants CV

· Detailed business background report

· Reference letter from the bank

· Employment letter

· Audited financial statements for business 

· College or University Diplomas

· Affidavit or declaration of source of funds

04 – Obtaining a passport 

Our Advisers will support you during each step of the application process and will make sure your second passport arrives on time.

05 – We assist in investment matters and that arise during the period of residence

In case assistance and investment management is need, our consultants will assist you during your residence period. We act as Solution Advisors to HNWI and UHNWIs, as well as to leading family offices, private banks, and investment companies globally. Mann’s experienced multilingual immigration team of citizenship & residence advisors who are practicing members of IMC (Investment Migration Council), ensure personalised and discreet service to all our customers.

What are the benefits of Dominica Passport?

Dominica Citizenship Program lets obtain a second passport in just 2-3 months. There are no residence requirements therefore the passport can be easily obtained remotely. Dominica allows dual citizenship, moreover, it is transferable to descendants and the whole family can apply for citizenship, including children up to 30, siblings, and parents. Dominica’s tax regime claims no tax on income, wealth, and inheritance.

LONDON BASED SOLUTIONS ADVISERS – Dominica Citizenship

Full Support with our Immigration Advisers & Property Consultants:

Property search based on your requirements (from residential properties to high-value luxury developments)

– Property virtual tours, 3-D tours, and in-person tours available.

– Due diligence checks and additional property checks completed by our experts.

– Residency & Citizenship document preparation and submission.

– Full support until you receive your second passport & residency.

Mann’s Solutions is an international immigration law firm with offices in London, Hong Kong, and Moscow and has expertise in offering UK Visas and Immigration by Investment services to high net worth individuals. Our immigration advisers are regulated by OISC and IMC (Investment Migration Council).

For further information or to discuss your circumstances in a private consultation with our immigration lawyers in London Office, please contact us at enquiries@manns-solutions.com or call +44 207 993 63 46.

Photo by Rajvinder singh on Unsplash