The signing ceremony was attended by Her Excellency Ms Keshia A. McGuire, Ambassador and Permanent Representative to the United Nations for Grenada, and Her Excellency Ms Lana Nusseibeh, her counterpart for the United Arab Emirates.
The two ambassadors discussed cooperation between their nations, and how this can be enhanced as a result of, and following the Memorandum. H.E. McGuire stressed the value Grenada places on its relations with the United Arab Emirates – a pre-eminent country in the international arena.
Grenada can boast visa-free travel to many international business hubs
The Memorandum is due to come into force 30 days after its signing. Grenada is a famed tropical destination, and is making its mark as one of the most successful citizenship by investment jurisdictions in the world.
Offering unique travel rights to its economic citizens, Grenada can boast visa-free travel to China, as well as several other international business hubs. Grenada is also a treaty nation for purposes of the United States’ E-2 Visa, meaning that Grenadians are among a select few who can partake in the prestigious investor visa programme.
Citizenship of Grenada can be obtained through a one-time donation to the National Transformation Fund, with donations starting at US$200,000 for a family of four. Prospective citizens can also choose to invest in real estate, so long as the real estate is pre-approved by the Government, worth at least US$350,000, and held by the citizen for a period of three years.