The USA breaks their E-2 visa treated with Grenada
Grenada, a beautiful Caribbean nation, has been a popular choice among those seeking a second citizenship. However, recent developments have raised concerns and led to a reconsideration of the attractiveness of this program. In this article, we will discuss the reasons why it is no longer recommended to pursue citizenship by investment in Grenada.
One significant drawback is the loss of access to the US E-2 Visa program for citizens of Grenada. This country was the only Caribbean country which holds the coveted E-2 visa treaty with the US, allowing citizens to apply for a non-immigrant visa and reside there. By this program investors could not only obtain all the tax benefits of Grenada but also an US passport.
Changes to the US E-2 Visa Program
If you are considering the Grenadian citizenship by investment program with the intention of applying for an E-2 Visa, it is crucial to understand that this option is no longer available. The US has tightened its regulations and has become more stringent in granting E-2 visas.
Despite the significant investment required to obtain Grenadian citizenship, individuals will face disappointment if their goal is to access the US market through the E-2 Visa program. Therefore, if the United States is a key destination for business or residency, it is advisable to explore alternative citizenship by investment options.
Impact on Passport Value:
The loss of E-2 Visa access has diminished the value of Grenada's passport within the context of global mobility. The ability to travel visa-free to a wide range of countries is often a key consideration for those seeking second citizenship. With the restriction on E-2 Visa eligibility,Individuals should carefully evaluate their travel needs and aspirations, particularly if the United States or countries with E-2 Visa treaties are essential destinations.
Given the limitations and reduced value of Grenada's passport, it is advisable to explore alternative citizenship by investment options in the Caribbean region. Antigua and Barbuda, Dominica, and other countries offer comparable programs with attractive benefits and visa access. These countries may provide better opportunities for individuals seeking second citizenship without the restrictions imposed on Grenada's citizenship by investment program.