From closed borders and travel restrictions to lockdowns and quarantines, the effects of the pandemic throughout 2020 has led to a surge in enquiries for second passports and residency by investment proving that what once was a luxury for HNWIs has now become a necessity.
If you’re planning to secure second citizenship, be it as an insurance policy for your family, a route to global mobility, or an escape to permanent residency, the Caribbean island of Grenada should be on your consideration list. From its excellence in education to its economic stability and family inclusiveness, here are 15 reasons why you should obtain Grenadian citizenship.
The Prime Minister of Dominica, Roosevelt Skerrit, has announced that the Caribbean country's Citizenship by Investment Programme has generated more than 1.2 billion dollars in revenue since 2017. According to the PM, the Programme has witnessed an 8% increase in revenue from the fiscal year of 2017-18 to 2018-19 and a 13.4% increase in 2019-20.
Could Portugal’s recent record number of Residency by Investment programme applicants be attributed to the country’s quick handling of the pandemic? Or is it Portugal’s EU membership and powerful passport making it so popular? Or could it be the country’s first-class medical and educational offerings, relaxed pace of life, ideal climate, and affordable and speedy route to citizenship, that has garnered it so much pulling power.
The pandemic has brought with it the opportunity to work remotely and the desire to reside somewhere pandemic-free. And with tourism-dependent countries desperate to replace lost dollars, a flood of digital nomad visa programmes has hit the market in recent months, extending the portfolio of opportunities offered by the global citizenship and residency by investment industry.
Ranked as the fourth happiest country in the world, remote South Pacific island Vanuatu combines high levels of wellbeing with a low carbon footprint and a culture of inclusion, and it’s one of the last places on Earth with no confirmed Covid cases. And for just US$130,000, foreigners can become citizens in just 45 days. So why wouldn't you?
While, predictably, the pandemic has triggered a sharp increase in demand for citizenship by investment, unpredictably, coronavirus has changed the who, why and where of the CBI landscape, with applicants from unexpected countries surging, reasons for economic citizenship changing, and some CBI countries really standing out from the citizenship crowd.
With its very low pandemic rate, laid-back lifestyle and 365 breathtaking beaches (one for each day of the year) and following the success achieved by its seven-year-old Citizenship by Investment Programme, Antigua & Barbuda unveils a residency programme allowing foreigners to live in, and work remotely from, the Caribbean island.