The Caribbean country of Grenada is fast becoming a darling amongst African investors looking for a powerful second passport to access global business and travel.
Through its citizenship-by-investment programme, Grenada is offering wealthy Nigerians a chance to acquire a powerful second passport as a benefit for purchasing a unit of its most popular real estate project: Kimpton Kawana Bay Resort.
The Grenadian passport is a hot favorite amongst wealthy Africans as it allows holders visa-free travel access to 143 countries, including the UK, China, Russia, Singapore and EU Schengen zone.
“The Caribbean country is keen on becoming an economic powerhouse, with its citizenship-by-investment programme just one of the many programmes designed to grow its economy by boosting FDI.” Says Paul Williams, CEO of La Vida Golden Visas, a London-based firm which helps wealthy Africans acquire second Passports.
“Its rich culture, economic and political stability, low crime rate, tax benefits, citizenship that can be passed on to future generations and the ability to live and work in the United States via the E-2 Visa category make it most alluring for Africans. And as other Nigerians have experienced, owning a unit of the magnificent Kimpton Kawana Bay resort allows the investor to include up to 4 dependents across 4 generations in one citizenship application”, he adds.
Heralded by Forbes as one of the most anticipated luxury openings in 2021, Kimpton Kawana Bay will feature an infinity-edge pool, state-of-the-art gym and spa facilities, exquisite fine dining restaurant, roof-top bar, beach bar, lounge with terrace and water sports facilities. The resort will be operated by an internationally recognised hotel brand – Kimpton Hotels & Restaurants, part of IHG (InterContinental Hotels Group), one of the largest hotel groups in the world.
Now selling with title deeded studios and suites for a minimum investment of USD220,000, this luxury 5-star resort offers a projected rental income of 3-5% through a transparent revenue-sharing model, personal accommodation usage of up to 2 weeks with zero annual out of pocket fees. It operates a hassle-free ownership model for potential buyers who can choose to disinvest and recoup their initial investment after 5 years should they require whilst retaining their Grenadian citizenship.
“What makes Grenadian citizenship very interesting is that it does not require holders of its passport to live in the country. This means you can live wherever you desire as your business and personal life dictates- unlike other residency programmes,” Paul Williams concludes.