On 20 September, the tri-island nation of Grenada signed a visa-waiver agreement with Russia, in a move that makes citizenship of this Caribbean island even more attractive to businesspersons wishing to expand their horizons.
Grenada and Russia had penned a Memorandum of Understanding on visa-free travel in January 2017, and the signing of the September Agreement finally concretised the efforts of the two nations to establish a facilitated travel regime for nationals of their two countries.
Russia’s Minister of Foreign Affairs, Sergey Lavrov, and Alvin Nimrod, who serves as Grenada’s Foreign Minister, Minister of Justice, Minister for the Affairs of Carriacou and Petite Martinique, and Minister of the Local Government of Grenada, signed the Agreement at the 72nd United Nations General Assembly, which was held at the UN’s Headquarters in New York City. “It is very good that on the UN platform we have the opportunity to complete bilateral and international agenda,” said Mr Lavrov.
Rare visa-free travel opportunities
Grenada is known for offering its citizens rare visa-free travel opportunities – the product of patient diplomatic debate and relationship building. It is, for example, one of a handful of nations to hold visa-free travel to China.
Fortunately, citizenship of Grenada, with all the travel rights associated to such citizenship, is open to those who decide to invest in Grenada’s Citizenship by Investment Programme.
Established in 2013, the Programme gives applicants the choice between an investment in Grenada’s National Transformation Fund (NTF), starting at a minimum of US$200,000 for a family of up to four, or an investment in pre-approved real estate worth at least US$350,000.