How a real estate investment helps you to get a foreign citizenship
In a world that is rapidly becoming a global village, there are still many important markets that, despite their enormous resources, remain inaccessible to Nigerian high net worth individuals (HNWIs).
The travel culture of the Nigerian citizen is constrained by the visa-free range of the Nigerian passport, which allows access to only 54 visa-free destinations, many of which are other African countries like Ethiopia and together make up a small 2.1% of the world’s GDP.
This modest number does not match that of its West African neighbors Ghana, Cameroon and Ivory Coast and does not include high-level destinations such as Europe, USA, China and Singapore – destinations that are at the forefront of global development in technology and business, construction, medicine and so on.
To push these boundaries and gain access to these markets, both for business and for education and leisure, the benefits of CBI (Citizenship by Investment) programs are becoming clear. And therein lies the first of many important benefits of investing in Grenada’s most elite CBI project: the Kimpton Kawana Bay Resort.
1. Global access
The most attractive perk of investing in Grenada citizenship through Kimpton Kawana Bay Resort remains breathtaking access to the world.
If the Nigerian passport restricts a person to 54 visa-free destinations and only 2.1% of global GDP, a combination of the Nigerian passport with the Grenadian passport provides access to 163 visa-free destinations worldwide including the UK, European Union Schengen Zone, Russia and China ; This equates to a significant improvement of 58.7% of global GDP, which is enough for ambitious HNWIs seeking cross-border influence.
This access also has the added benefit that Grenada is an E-2 visa country with the United States. This grants approved E-2 visa applicants the right to start a business and live with their family in the United States. This advantage results from a processing time of two months.
2. Property value
The recognized value of Kimpton Kawana Bay, heralded by Forbes as one of the most anticipated new store openings in the world, resulted in its 2020 development receiving 57% of all CBI real estate applications in Grenada – according to Kimpton Kawana Bay General Manager , Tom Scott.
Kimpton Kawana Bay is located on one of the most attractive beaches in the world, Grand Anse Beach – voted one of the best beaches in the world by CNN and Condé Nast Traveler – and offers wonderful views over the Caribbean Sea. The hotel has an infinity pool, a state-of-the-art gym and wellness facilities, a first-class gourmet restaurant, a rooftop and beach bar, a lounge with a terrace, and water sports that don’t miss out on its promise of being a valuable and financially sound real estate investment. The Kimpton Kawana Bay Resort is the newest 5-star luxury resort in Grenada and the most elite Citizenship by Investment project in the country.
Kimpton Kawana Bay is currently under construction and is expected to be completed in 2022. Upon completion, the resort will be managed by boutique operator Kimpton Hotels & Restaurants, part of IHG (Intercontinental Hotels Group), one of the world’s largest hotel chains. The condos are priced at $ 220,000 and include one-bedroom suites and studios with free use for up to two weeks. In addition to these benefits, the property invested is included in the hotel’s rental pool and generates an annual return on your behalf through Kimpton. Investors can opt to divest after five years and amortize their initial real estate investment while retaining lifelong citizenship.
3. Persistence and generational considerations
If you sow the only seed of this investment in Kimpton Kawana Bay, you can reap a whole tree of benefits. And that benefit comes in the literal form of one’s family tree, with provisions being made to allow the lead investor to group their spouse, dependent children, unmarried siblings, parents, and grandparents under one family proposal. This includes the investment including larger families whose members will have access to top schools after acquiring citizenship and a 90% discount at St. George’s University in Grenada – the world’s largest offshore American-accredited medical school.
With a stable democratic government, the citizenship program ensures uniform regulations that do not negatively affect the status of acquired citizenship. This citizenship once acquired is permanent and will be used for a lifetime.
Investing in Grenada CBI is quick and easy and only takes two to three months. After investing, citizenship offers a range of benefits related to visa-free travel in over 140 countries, tax exemptions from worldwide income, gift, inheritance, wealth or capital gains taxes, and access to a world-class educational institution.
The application process can also be completed remotely and does not require interview, language or educational tests. Grenada also has dual citizenship and does not require a residence.
For the African HNI looking to make a global impact and make doing business easier on every continent, and in the heart of the world’s leading countries, Kimpton Kawana Bay Resort offers a unique opportunity that cannot be missed.
First, contact La Vida Golden Visas for more information and advice.