Grenada and its sister islands Carriacou and Petite Martinique have become the first “Culinary Capital.” The decision was made by the World Food Travel Association (WFTA).
According to WIC News, “The islands showcase many unique culinary assets. These hold the tradition of ‘saraka’, the national dish ‘oil down’, handcrafted rums and nutmeg ice cream. Spices on the island are used for both food as well as medicinal & wellness purposes.”
The Culinary Capitals program focuses on different culinary cultures around the world. The very fact that Grenada has been designated such high status is highly important for those who have a travel business. The tourism sector starts to recover after a long break caused by the COVID-19 pandemic. For now, Grenada has become a sweet spot.
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The benefits of being a resident of this country
- Enhanced global mobility – This second citizenship grants access to 144 destinations, including China, UK, Russia, the Schengen Area, and other visa-free and visa-on-arrival countries.
- Fast processing within a few months – Grenada’s Citizenship by Investment program is one of the quickest in the world. Your application can gain approval within 120 days in case of investing in real estate on the island.
- Inclusion of dependent family members – Grenada investment citizenship is a profitable and cost-effective way to gain full family citizenship. It allows adding a spouse, dependent parents and grandparents of all ages, dependent children below the age of 30, and dependent unmarried siblings above 18.
- No need to stay in the country during the application process
- No physical residency requirements
- No tax on worldwide income
Grenada Citizenship by Investment options
There are two investment options, which differ in price. These are investing in the National Transformation Fund (NTF) or purchasing real estate.
The first option is simple, and the required contribution is 150,000 per individual applicant. The second option would cost a minimum of USD 350,000. The essential point to remember is that a smaller contribution amount and processing, application, and due diligence fees are also required. However, an applicant can resell their property. Thus, this is a good choice for those who want to pay off their investments.
To obtain Grenada citizenship, it is essential to apply for the services of a licensed citizenship programs provider, such as Migronis. They will help you with the preparation of the documents and getting everything polished. Thus, you’ll be able to obtain the desired citizenship as fast as possible.