grenada

Country Spotlight: Grenada

The best things in life come in threes, and the tri-island state of Grenada is no exception. Consisting of Grenada, Petite Martinique and Carriacou, the picturesque islands offer plentiful opportunities for both adventure lovers and those seeking rest and relaxation. Due to its lush, fertile landscapes and award winning white sandy beaches, visitors may find themselves wishing that they could extend their stay.
Renowned for its high exports of nutmeg and mace, Grenada is sometimes dubbed the “Island of Spice” as it is reputed that travellers can taste a faint flavour in the air. Spices aren’t the only natural bounty that Grenada shares with its guests; cocoa beans, bananas and avocados are also grown in abundance throughout the land.
Grenada is famed for its unspoilt scenery. Its natural beauty remains largely untouched by industrialisation – between the cobalt blues of the ocean and the rich greens of its vegetation, the eye is spoilt for choice. It is the perfect getaway destination for those seeking adventure in wildlife, suntans and spas or a romantic break with a partner. With its white sand and invitingly clear waters, the Grand Anse beach is regularly noted as one of the most beautiful in the world.  For those who enjoy active adventure, a trek to the cascading waters of the Seven Sisters Waterfalls will lead you through the rainforest and to unforgettable memories.
Visitors to the island are likely to encounter some of the friendliest people in the Caribbean, as Grenada is renowned for its hospitable attitude toward both tourists and new citizens alike. Grenadian culture is expressed through largely creative means: with music, poetry, pageantry, theatre, dance and sports all celebrating past times. Other means of socialising come in the form of organised celebrations and festivities. Lots of time is dedicated toward cooking, with food another activity that Grenadian people like to share with others.
The nation is fully English speaking, so there should be little trouble acclimatising and integrating into the community.Citizenship in Grenada

The Grenada Citizenship by Investment Committee is the main Government-appointed body tasked with the responsibility of overseeing the processing of applications for Grenadian Citizenship by Investment.

The Committee assesses applications in accordance with the Grenada Citizenship by Investment Act, after which recommendations are made to the Minister, who makes the final decision to deny, approve or delay granting Grenadian citizenship.

At present, citizenship in Grenada through the Grenada Citizenship by Investment Program can be achieved through:

1) A contribution to Grenada’s Natural Transformation Fund or
2) The purchase of pre-approved real estate
Contribution to Grenada’s Natural Transformation Fund of a minimum of USD 200,000

The non-refundable contribution to the Natural Transformation Fund is a fastest and more straightforward to obtain the citizenship of Grenada. This option is available for USD 200,000 for a family of up to 4 people. In addition to the contribution , application fees, due diligence fees, and processing fees apply.
Investment of a minimum of USD 350,000 in an approved real estate project 
Routine applications, once they have passed thorough due diligence checks, are processed within 60 business days and a passport is issued at the same time as the Certificate of Registration. The investment is subject to a minimum holding period of three years. This investment does not include Government fees, application fees, due diligence fees, and processing fees.
Minimum Investment
The minimum investment required under the CBI Programme is USD 350,000. Families who wish to invest larger amounts in custom private homes or in other businesses should discuss this directly with their relevant approved real estate developer or international marketing agent. The Government is welcoming of investors and generous concessions may be made in special circumstances.

The Citizenship by Investment Program in Grenada was conceived for unique global citizens who demand exclusivity and prompt personal service. It has been developed to have some distinct advantages over other citizenship options in the Caribbean – whilst the benefit to Grenada is manifested through inward investment, the creation of sustainable long term new employment opportunities for Grenadians, training and the wider benefit directly and indirectly to the Grenadian economy. The broadening of skills, the creation of jobs and the economic benefits derived from new foreign investment will immeasurably strengthen Grenada.

The benefits to the applicant / new investor are as follows:

1) Citizenship of Grenada with its attendant benefits for themselves and their immediate families
2) The opportunity to own freehold prime real estate in an approved project

The real estate owned by the investor should produce a modest annual income and may be enjoyed by the investor along with friends and family. It should maintain or enhance its market value.

More specifically, the benefits that Grenada’s Programme offers over the citizenship programmes of other Caribbean states include:

Efficiency: The application process is quick. The law mandates that routine applications will be approved within 60 business days of submission and the passport issued together with the Certificate of Registration. The application cannot be approved until after the background checks have been cleared.

Family friendly: By not charging exorbitant application and due diligence fees for spouses and family members, Grenada is an attractive option for international businessmen looking for security and travel options for their families.

Good visa-free travel: The Grenada passport allows visa-free travel to more than 120 countries, including China. Grenadian citizens also have the opportunity to apply for the USA E-2 visa.

Zero tax: The island has no income, wealth or inheritance taxes.

There is no requirement to visit Grenada in order to qualify for citizenship.

 

 

Posted in Country Spotlights.

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