If you are looking to acquire additional citizenship, the Caribbean countries offer advantageous citizenship by investment programs. In just a few months and in exchange for a reasonably affordable investment, receive a new passport. With many programs available, it isn’t always easy to decide which one to pick. This article gives you a detailed overview of Grenada vs St Kitts citizenship by investment.
Overview of Grenada vs St Kitts citizenship
Applying for Grenada and St Kitts and Nevis citizenship will bring numerous benefits to anyone seeking to acquire a second passport for themselves and their families. On top of gaining unlimited access to idyllic Caribbean countries, becoming a Grenada or St Kitts citizen guarantees visa-free access to over 140 countries worldwide, attractive tax exemptions, and lifelong dual citizenship. But how to differentiate the programs?
Grenada citizenship by investment
Grenada — also called ‘The Spice of the Caribbean’ — is praised for its beautiful nature, tranquillity, and relaxed lifestyle. Since 2013, the government has launched its very own Grenada Citizenship by Investment Program. This successful immigration scheme grants foreign investors and their families a Grenada passport in exchange for a minimum investment of $150,000 in the country’s economy.
With a Grenada passport, investors are able to travel visa-free to over 140 countries such as China, the EU, the UK, and Russia. In addition, the passport is also the only Caribbean passport offering the opportunity to apply for the E2 visa in the US – which allows you to enter and work in the US when investing a substantial amount of capital in a U.S. business.
St Kitts citizenship by investment
Praised for its pristine beaches and luxury, St Kitts and Nevis is ideal for those seeking an exclusive lifestyle. It is also the first Caribbean country to have launched a Citizenship by Investment Program, paving the way for many others. Implemented in 1984, the St Kitts and Nevis Citizenship by Investment Program grants investors and their families St Kitts and Nevis citizenship in exchange for a qualifying investment of at least $150,000.
A St Kitts and Nevis passport allows visa-free travel to over 156 countries such as in Europe’s Schengen zone, the United Kingdom, Hong Kong, Singapore, and many more destinations.
Grenada vs St Kitts comparison
|Program characteristics||Grenada Citizenship By Investment||St Kitts Citizenship By Investment|
|Application time||Two months||Two months|
|Passport Global ranking||34th||27th|
|Qualifying investment||Minimum investment: $150,000|
Investment routes: National Transformation Fund, real estate
|Minimum investment: $150,000|
Investment routes: Sustainable Growth Fund, real estate
|Taxes||No tax on worldwide income, capital gains and inheritance tax.||No income, inheritance or gift tax needed.|
|Residence rule||You don’t need to reside in Grenada before, during or after the application.||No stay requirements.|
|Family eligibility||Inclusion of spouse, dependent children under 29, dependent parents or grandparents, and qualified siblings.||Inclusion of spouse, dependent children under the age of 30, and dependent parents or grandparents over 55.|
|Application requirements||No interview, education or management experience requirements.||No interview, language or residency requirements necessary.|
Global Citizen Solutions’ recommendation
Both Grenada and St Kitts and Nevis Citizenship are very appealing and share many similarities such as a quick application process, affordable and similar investment routes, no-stay requirements, flexible application requirements, and a very attractive tax regime.
However, the programs differ on several crucial points which can help you choose.
First and foremost, St Kitts and Nevis’s passport ranks 27th and gives you visa-free access to over 156 countries. An important mobility advantage compared to Grenada’s passport that ranks 34th and gives you visa-free access to 140 countries. Therefore, if your goal is to obtain a strong passport with a high number of visa-free countries, St Kitts citizenship might be preferable.
Grenada citizenship does have a major and unique advantage: it allows you to apply for the E2 US visa. The E2 visa permits you to enter and work in the US provided you’ve invested a substantial amount of capital in a U.S. business. Investors seeking to gain access to the US market are therefore encouraged to apply for Grenada citizenship.
Last but not least, Grenada Citizenship by Investment program is more generous in terms of family member qualifications for the program. On top of the inclusion of spouse, dependent children under the age of 29, and dependent parents or grandparents (which the St Kitts Citizenship by Investment program also grants), Grenada’s applicants can also include in the application the siblings of the main applicant or of the spouse, whether biological or adopted, aged at least 18, single, and with no children.
In conclusion, both programs are very appealing for similar reasons, and your decision should be based on your long-term goals. Is your priority global mobility? Family reunification? Or access to the US? If you need help figuring out which program is right for you, do not hesitate to contact us.
Frequently asked questions about Grenada vs St Kitts citizenship
What is the Grenada Citizenship by Investment program?
The Grenada Citizenship by Investment program is a successful immigration scheme launched in 2013, which grants investors and their families a Grenada passport in two months in exchange for a minimum investment of $150,000.
What is the St Kitts and Nevis Citizenship by Investment program?
The St Kitts and Nevis Citizenship by Investment program is the oldest Caribbean citizenship by investment scheme. Launched in 1984, the program grants qualifying investors and their families a St Kitts and Nevis passport in just two months in exchange for an investment of at least $150,000.
Grenada vs St Kitts citizenship: which program to pick?
Both Grenada and St Kitts citizenship are very appealing. The strength of having a St Kitts and Nevis passport is that you can travel visa-free to over 156 countries. With a Grenada passport, you can apply for the US E2 visa, which allows you to stay in the US in exchange for a qualifying investment.