Malta Vs Grenada Citizenship: What Are The Differences?

The Republic of Malta is lovely for tourists and travelers. However, investors, who see excellent prospects in obtaining a passport for this island state, also want to reside here. Picturesque nature, sandy beaches, comfortable climate, high standard of living, and stable economy create the best conditions for life and work.

Grenada is an island country of the Caribbean basin, considered a paradise on earth, and attracts people not only for recreation and new experiences. It is comfortable to live here and develop your business. There are special programs for those ready to move from their native country to the tropical island.

Caribbean countries can be proud of their stable economy and the numerous privileges the applicant and his relatives get, becoming legal citizens of Malta and Grenada. According to an expert of the company Immigrant Invest Victor Esik, the fastest and most convenient way to get official status is through an investment program, that is, contributing a certain amount of money to the economy of one of the states mentioned above. Let’s make a comparison of the requirements and advantages in the legislation of these countries and decide which option is more promising.

Malta Citizenship By Investment Program

It is the easiest and fastest way for wealthy foreigners to get a Malta Permanent Residence. They should invest their funds in a private organization, deposit money into the account of the National Foundation, or buy/rent real estate. The amount of investment is 690,000 euros.

If an investor chooses to rent an apartment or office, the contract must be concluded for 1-3 years for 12000 euros. Then, sign another contract for five years for more than 16,000 euros. If you intend to buy a property, consider the offers worth 700,000 euros. You will also need to pay several fees, duties, and charges for yourself and your closest relatives, who are also included in the program.

Requirements

The Malta RP can be obtained directly by an investor who

• is of legal age;
• has no criminal record;
• is not under sanctions;
• not denied a visa by countries with which Malta has a visa-free regime;
• can prove the legality and stability of his income;
• is ready to make a contribution of 690,000 euros.

In addition, the investor’s spouse and children under the age of 18 and 29 years old (different conditions) can obtain Malta CBI of the island state.

Benefits

The holder of a Maltese passport is a citizen of the European Union with several attractive perks, such as:

• High standard of living;
• The ability to travel or live permanently in all EU and Schengen countries, including the UK;
• Free entry to 160+ countries without a visa or with a visa at the airport upon arrival;
• E-2 business visa in the U.S;
• Obtaining the same status by close relatives and the legality of its transmission by inheritance;
• Doing business in the European Union and on the territory of the Republic;
• Loyal tax policy;
• Low crime rate;
• Education under European standards;
• Top-class medical care;

Another significant advantage is the opportunity to live in a civilized country with modern infrastructure, rich culture, original traditions, and breathtaking nature.

Grenada Citizenship By Investment Program

All you have to do to become a citizen is fill out a form, gather your documents, send them by e-mail, and put a certain amount of money into the fund. The minimum contribution is from $150,000 to a state investment fund. But there is a second way – to purchase a $220,000 property. The whole process takes 4 to 6 months, but this time frame can be reduced with the support of a specialist from the immigration agency.

Requirements

The conditions for obtaining Grenada CBI for applicants are simple and feasible, such as:

• Age of majority;
• High legal income;
• A respectable reputation;
• Good health.

Also, the applicant must show his financial solvency, make a personal investment of $150,000 or more, and pay all required fees and taxes.

Benefits

Also, the applicant must show his financial solvency, make a personal investment of $150,000 or more, and pay all required fees and taxes:

• Free entry to 140+ countries, including EU countries, Britain, and China;
• Stable economy;
• Loyal tax system aimed at supporting business owners;
• Low crime rate;
• Processing the application in 90-120 days;
• No need to be physically present in the country: you can apply online remotely;
• Permanent residence in the islands is not mandatory for residents;
• If certain conditions are met, close relatives can go through the same procedure as the applicant;
• There are no exams for knowledge of the language and history of the country;
• It is possible to have dual citizenship;
• A comfortable climate and magnificent nature;
• Favorable environmental situation;
• Distinctive culture;
• Delicious and healthy food.

The program of Grenada citizenship by investment allows you to invest profitably in the local economy, move to the country with close relatives, and create your own business under the most favorable conditions.

Conclusion

Those who are interested in moving to one of these island states on an investment program can seek advice from immigration experts, learn all the details, and decide precisely where to apply and the package of documents. They will provide information, support, and help with the entire process: from the idea to buying plane tickets. This issue is covered in more detail at immigrantinvest.com. So, give your family a promising future and brilliant opportunities for a comfortable and exciting life. Caribbean countries are waiting for their new citizens.