Oliver is a British financial investor that, after decades of hard work, was ready to reap the benefits of his savings.
As his children were already making their own lives, he took his wife and made her the second most important proposal he's made to her: running away to an island as if we were still two easygoing teenagers.
And they haven't regretted their decision.
At first, they thought about many potential destinations, but they saw that in the middle of the Caribbean, there was a total paradise where you can see how the sun meets the sea when it sets.
And it was Grenada.
Grenada is an island like no other. It's the place where the wild feels perfectly in balance with the sophisticated. It is a land full of aromas and flavors that redefine the standards of any palate; a country that is not only perfect for investment and business, but for those who, like my wife and I, are just looking to retire and enjoy themselves.
This place makes you feel at home from the first moment. As the official language of the island is English, they had no problem adapting. What was new to them is the display of landscapes and wonders the island offers. From coral reefs and turquoise beaches to mountains and jungle to otherworldly food experiences, Grenada has it all.
However, there are many reasons why they chose Grenada over other possibilities. After all, other Caribbean islands have delicious food, friendly people, and gorgeous landscapes.
- First, Grenada is easily accessible by plane from the UK, Canada, and the US, with direct flights from many different airports.
- Second, the island is mostly protected from the hurricanes that wreak havoc elsewhere in the Caribbean, so they knew we'd be covered on that side, which is essential when you're about to buy a beach house on an island. That doesn't mean that hurricanes don't affect Grenada, but they do to a lesser extent than the rest of the Caribbean.
- The island has one of the most robust health systems in the entire region, its crime rate is virtually non-existent, and its human development index has been growing for years. And you have all this for a fraction of a price. While in most of Europe, with €3,000, you can barely make it to the end of the month; in Grenada, you can live like a Rockstar.
- Grenada also enjoys undisturbed political stability. The country is a member of the British Commonwealth and has a political system based on the Westminster system.
Going to Grenada
After the decision was made, the rest was easy.
Oliver and his wife wanted to buy a beachfront house for years, but didn't want to do it in the UK because the British rocky beaches didn't convince them.
But in Grenada, you can buy a beachfront property… And earn a second passport in the process.
If you ask him how much he spent to move to Grenada, you may see him smiling for a while.
For an investment of $220,000 in real estate, they were able to receive the Grenadian citizenship and live in a Caribbean paradise freely. In fact, for $425,000, you could buy a luxury apartment right in front of the most crystalline waters you'll ever see in a modern resort. That money cannot buy you anything more than an old studio in London.
So they sold some shares and investments, got in touch with CBI specialists, and paved the way for the rest of their lives.
They put the rest of the money in a mutual fund and used some to open a beach bar so they could meet foreigners and tourists and have something to do daily.
Their apartment was less than 15 minutes from pretty much everywhere.
A couple of months after getting to Grenada, a company where he still held some investments distributed dividends to him. Generally, that would've raised the eyebrows of tax collection agencies, but that's not the case in Grenada. There is no income, capital gains, dividends, or profit tax, nor taxes over foreign-sourced income. If he had remained in the UK, he would have paid 32.% on the dividend income.
Living in Grenada
After five years on this island, they're still amazed and discovering new things about it.
Being a citizen of Grenada is one of the best investments anyone can make, whether it's to retire or to do business.
If you're one of those who cares about safety, you can relax. Since they arrived, the most dangerous thing they've seen was a not so friendly beehive near their bar. This island is so safe that it makes you walk around carefree no matter what time of day it is. This place is simply magical in that way.
Grenada also promises people freedom, and I can tell it delivers on that like no other place. No tax collectors looking at your bank accounts and no exchange controls, or financial restrictions.
Perhaps their favorite part, and of most foreigners, is how cheap it is to live here compared to many places in Europe, especially London. Oliver and his wife go to restaurants, diving, take calypso lessons, and buy many bottles of wine and Grenadian rum per month, and they rarely spend more than $2,000 per month.
Oliver thinks this was the best decision he's made in his life. He can reach the bottom of the coral reef and feel connected to the sea's immeasurable force, or he can go and conquer the jungle terrain of the island's mountains to breathe the purest air of this world.
Grenada is one of the most popular destinations for CBI-seekers. If you want to know how to acquire a property that qualifies for the CBI Grenada program, contact us now!
$170,000
$2,500,000
$350,000
$1,400,000
$395,000
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