Which is more favorable based on costs and conditions among Grenada and Antigua?

Which is more favorable based on costs and conditions among Grenada and Antigua?
Which is more favorable based on costs and conditions among Grenada and Antigua?

The ongoing alterations of citizenship programs both in Antigua and Barbuda and Grenada have activated enthusiasm among high total assets outsiders. Which country provides a better offer, when it comes to costs and conditions of getting second citizenship? Find the details here.

How much does a Caribbean Passport coast?

Investors planning to obtain Grenada’s passport must contribute a non-repayable donation of at least $200,000 to a special state fund, this option works for a family of 2-4 persons. If there are more than 4 family members, the investor is to pay an extra $25,000 for each financially dependent relative.

Antigua and Barbuda’s government reduced the price of the country’s economic citizenship. Now the
minimum contribution to the state fund totals $100,000, which is half of the previous amount. In 2017, the government has reduced its state fees charged for the paperwork related to the processing of the applications.

For a family couple with 2 children, the cost will be around $147,800. After the price reduction, the program of Antigua and Barbuda has become one of the best options in the Caribbean for a 4-member family.

Which one among Grenada and Antigua and Barbuda is the most favorable based on costs and conditions?

One should invest at least $400,000 in real estate of Antigua and Barbuda. It is worth noting that the selected property should be on the list of government-approved objects. The income from property renting in Antigua corresponds to 4-6% per annum. After a 5-year period, one can sell the object.
The minimum investment in Grenada’s real estate is $350,000. One should also choose an object out of the projects approved by the government. It is usually in shares or apartments and bungalows in luxury resort complexes. One has a good chance of selling the real estate after 5 years without losing invested funds and probably even multiplying the initial investment.

Benefits of Grenada, Antigua, and Barbuda citizenship

Antigua and Barbuda rank 29th in the international Passport Index 2018, Grenada ranks 33th. Both countries provide noticeable visa-free travel opportunities. Antigua and Barbuda second passport open the borders of 127 countries to its citizens. Grenada’s passport easily provides access to 123 countries. The United Kingdom, the Schengen countries, Singapore and Hong Kong are on the visa-free list.

The top benefit offered by Grenada citizenship is a visa-free entry to China. This is why business people working with Chinese entrepreneurs often choose the citizenship of Grenada. Another benefit is that Grenada’s citizens can receive the E-2 investor visa to the USA. Citizens of China, Russia, South Africa, and the UAE, among others, are not eligible to apply for this type of visa, but the limitation does not apply to foreigners who hold Grenada’s passport.

For quite a time now Antigua and Barbuda could boast of a huge advantage offered by its passport. One of them is a visa-free regime with Canada. However, in the summer of 2017, the Canadian government re-introduced visas for the citizens of this Caribbean country. Antigua and Barbuda give one the opportunity to get a tax resident status. In order to receive it, one should own or rent property, live under the country’s jurisdiction at least 30 days a year and pay a fixed annual tax of $20,000. Taking into consideration the fact that there is no income tax in the country, the corporate tax is only 25% and VAT is 15%, this option looks quite attractive.

Conclusion

As of today, the conditions of Antigua and Barbuda’s passport program are more beneficial for a family of 4, considering the donations option. The variant of investing in Grenada citizenship will work perfectly for those interested in having a business visa to the USA or for those who have working relationships with Chinese companies.

Contact XIPHIAS Immigration today who will take care of the complete processing of Caribbean
Investment program. Call @ +971-43626565 or email@ dubai@xiphiasimmigration.com. To know more about us visit: www.xiphiasimmigration.ae

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