Among other West-African passports, the Nigerian passport is
restricted in its reach to only 54 visa-free destinations, many of whom are
other African countries like Ethiopia. This modest number falls short next to
that of Ghana, Cameroon and even Côte d’Ivoire, who have visa-free access to
73, 61 and 67 destinations respectively.
But it gets worse– when the Nigerian passport’s visa-free
listings are viewed through the lens of La Vida’s Passport Value Report which
combines metrics of GDP and international travel popularity to ascertain the
true value of each country’s passport, it makes for even grimmer viewing as the
access value is only a meagre 2.1% of the world’s GDP and 3.1% of the world’s
international travel popularity.
For Africa’s most populous country preparing itself for a
future without oil by leading the continental charge to export technology and
talent globally, these numbers are simply unacceptable.
Global Opportunities lie in wait, yet remain gated by
visa-restrictions.
One instance of the myriad opportunities that exist beyond
the continent for Nigerian business executives and buttresses the need for
global travel is remittance. According to global Audit Firm, PWC, there are an
estimated 15 million Nigerians living in the diaspora whose remittance is
projected to hit $34.8bn in 2023 with 40% of these remittances coming from 5
European countries alone.
This presents one of the greatest opportunities to set up
banking and technology infrastructure across the EU to help more Nigerians and
Africans send money back home, which even at a modest 0.1% margin could add
around $17m in revenue to their bottom line.
To achieve this, however, executives would need to jet in
and out of Europe to set up, conduct business and oversee operations. But the
limitations of the Nigerian passport mean they will require visa approvals to
travel, which may not only delay the speed of execution but also bring with it
the possibility of their requests being outrightly denied.
Enter the need for a second passport and visa-free travel
through Citizenship By Investment Programmes.
The Case For A Powerful Second Passport
As African countries grapple with insecurity, inflation and currency devaluation, the need for second citizenships have never been more apparent, especially as a ‘Plan B’ to hedge against whatever may come. And as the continent’s affluent middle class are becoming wealthier, their needs are evolving, from global business mobility, better visa-free travel to high-quality education opportunities abroad for their children.
It is at this juncture that the opportunity offered by La
Vida Golden Visas to acquire Grenadian citizenship through investment in the
soon-to-be-completed Kimpton Kawana Bay Resort serves to transcend this
existing gap and provide the much-needed hedge African HNWIs and executives
need to expand and safeguard their earnings, businesses and families.
The Grenadian Passport is an instant value-add for Africans
Upon acquiring Grenada’s lifetime citizenship, the combined
value for the Nigerian passport grows to 58.7% of the world’s GDP; with the
Grenadian passport granting visa-free access to over 163 countries and
territories including the UK, EU Schengen zone and uniquely China and Russia.
At once, African HNWIs and leading execs gain unrestricted access to the
countries at the forefront of global development.
“Grenada’s Citizenship by Investment (CBI) programme offers
several added attractions that many of its competitor countries do not”, says
Chief Executive Officer of La Vida Golden Visas, Paul Williams, in a recent
interview. “The application takes only 60-90 days, has low family fees, and no
interview, education, language test or management experience is required. There
is no residency requirement and dual citizenship is permitted as well. Grenada
also does not tax worldwide income, wealth, gift, inheritance or capital gains-
which make it more attractive to business elites”.
Obtaining Grenadian Citizenship: Kimpton Kawana Bay Resort CBI
Grenadian citizenship can be obtained by investing in Government-approved real estate at a minimum of $220,000, as is the case with title deeded studios in the island’s prime project—Kimpton Kawana Bay Resort, the new beachfront 5-star luxury resort currently under construction in Grenada by True Blue Developments—a company with an impressive 20-year record in development.
“The resort, which is 79% sold out, is ideally positioned on
Grand Anse Beach, voted by CNN and Condé Nast Traveller as one of the world’s
best beaches. The hotel will feature an infinity-edge pool overlooking the
turquoise Caribbean Sea, state-of-the-art gym and spa facilities, exquisite
fine dining restaurant, roof-top bar, beach bar, lounge with terrace, and water
sports facilities,” says Tom Scott, Managing Director of Kimpton Kawana Bay.
The resort, heralded by Forbes as one of the most anticipated luxury openings in the world is set to open in 2022 and will come under the operation of the internationally recognised hotel brand—Kimpton Hotels & Restaurants, part of the InterContinental Hotels Group, one of the largest in the world.
The nature of the real estate investment also allows for
personal accommodation usage for up to 2 weeks, while generating a projected
rental income of 3-5% through the transparent revenue-sharing model. The
investment also provides the option of recouping the initial investment after 5
years without effect to the acquired Grenadian citizenship.
Africa’s Battle-Ready Investors are finally unleashed
At a time when African investors have their sights firmly
trained on the opportunities existing beyond the borders of the continent in
search of growth and starring roles in shaping the present and future of global
business, technology, medicine and so on, Kimpton Kawana Bay is finely
positioned as the bridge between hopeful thought and ground-breaking reality.
For once, African investors are finally equipped for
expansion and global domination. The rest of the world better take notice.
To get started, contact La Vida Golden Visas for more
information and counselling.
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