GRENADA CITIZENSHIP BY INVESTMENT
Prevalently known as the Spice Island for its myriad locally grown spices, Grenada offers one of the most scenic waterfronts in all the Caribbean. It plays host to the world’s first Underwater Sculpture Park, cascading waterfalls and white-sand beaches. All the above made the island as the preferred destination of many high net worth investors.
You will feel instantly welcomed by the open-hearted nature of its friendly people, whose smiles and authenticity make Grenada the perfect Caribbean getaway. Grenada, with its unblemished landscapes, has an ideal balance, appealing to the interest of adventure lovers, beach dwellers, or couples looking for a romantic destination. This English-speaking nation has some of the kindest people in the Caribbean, so, even if you happen to get lost, you will undoubtedly encounter other aspects of our vibrant culture and hospitality.
The Grenada Citizenship by Investment Program was launched in 2013 under the regulations of the Grenada Citizenship by Investment Act. Grenada’s pilot scheme allows qualified investors and their family members to apply for citizenship and benefit from visa-free travel.
In recent years tourism has become the leading sector for foreign direct investments in Grenada. Another service sector on the rise is the offshore financial industry, which, together with strong performances in construction and manufacturing, have also contributed to growth in national output.
As part of its strategy to attract foreign direct investment, the Grenadian government is working closely with a select number of businesses related to tourism, agriculture and manufacturing. Through the implementation of the program, the government also hopes to create investment opportunities that will bring about sustainable employment.
- Fast processing within four months.
- Inclusion of dependent children under 30.
- Inclusion of dependent parents over 65.
- There is no need to reside there to take its passport and citizenship.
- There is no need to travel to Grenada during the application process.
- No interview, education or management experience required.
- Visa-free travel to more than 125 countries, including Europe’s Schengen zone.
- E-2 Visa Program signed between Grenada, and the United States allows citizens of Grenada to operate a substantial business in the U.S. and reside therein.
- There is no tax on worldwide income.
Applicants must fulfil one of the investment options below in addition to the following criteria:
- Have an outstanding character.
- Hold no criminal record.
- Being physically active and healthy.
- Have a high personal net worth.
1. Real Estate Investment
With its economy shifting from agricultural-dominant to service-dominant, one of the most viable options for foreign nationals is an investment in a pre-approved real estate project.
The Mount Cinnamon Resort is situated on a verdant hillside on almost two miles of the Grand Anse beach, which is recognised by many as one of the most beautiful beaches in the world. Looking towards the historic capital of St. George’s, the resort sets the tone for an irresistibly elegant, yet intimate, relaxed beach hideaway. An award-winning destination, Mount Cinnamon is the most successful development under Grenada’s Citizenship by Investment Program, having attracted more than 80 per cent of all investment applications. Comprising 22 gorgeous, privately owned villas on 23 acres of freehold land, Mount Cinnamon is currently adding 250 new residences as well as new luxury facilities thanks to the CBI Program. Investors may sojourn at the resort for a period of 10 days per the calendar year.
Applicants must invest a minimum of US$350,000, which must be maintained for a minimum of four years. The minimum amount includes the primary applicant, principal applicant’s spouse and two qualifying dependents. An extra US$25,000 is required for each additional dependent.
The opportunity to own shares of Mount Cinnamon is an invitation to become a citizen of Grenada, begin a long and productive relationship with the island and its culture, and contribute to its future.
2. National Transformation Fund Donation
Applicants are required to donate a minimum of US$150,000 to Grenada’s National Transformation Fund. The minimum amount covers the main applicant only. With regards to a family of up to four people, the requirement is set at US$200,000. However, an additional donation of US$25,000 is required for each other dependent.
MONARCHY OF GRENADA
|Capital City ||St. George's |
|Total Area ||348.5 km2 |
|Languages ||English |
|Population ||107,317 (2016 estimate) |
|Currency ||East Caribbean dollar (XCD) |
|Visa-Free Countries ||141 |
|Nearest Country ||The closest countries are Venezuela and Trinidad and Tobago to the south, and St. Vincent and the Grenadines to the north |
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