Grenada

Popularly known as “The Spice Island”, because of the myriad locally grown spices, Grenada offers one of the most picturesque waterfronts in all of the Caribbean. The sublime scenery is but one of the many enticements to visit the three beautiful main islands. Diving, sailing, excellent restaurants, fabulous beaches, and a calendar of unforgettable festivities add to the many reasons why Grenada has become a preferred destination to many high net worth investors.

The sensation of Grenada’s pristine white-sand beaches and warm crystal waters on your feet, blended with the sounds of swaying palms and steel drums, will soothe you. The breathtaking views of tropical rainforests, dramatic blue-green seascapes and enchanting pastel harbors will inspire you. Tastes of the local cuisine will satisfy you and the sweet aromas of cinnamon, nutmeg and rum mingled with the crisp coolness of the trade winds will forever imprint themselves on your memory.

“The Spice Isle”, as Grenada is affectionately known, engages and delights you like few other places on earth. Experiencing all the captivating and tangible allure of Grenada’s unblemished beaches, lush cascading landscapes and authentic historical interests is sure to indulge your full complement of senses.

You just may find that Grenada, with all its beauty and charm, will leave an indelible impression on your soul as well as your mind. And it is the recollections of that feeling that will beckon you back for a lifetime to come.

Capital City ....St. George’s
Total Area ....133 mi2
Population ....110,000
GDP ....US$ 835 Million
Language ....English
Independence from UK ....1974

The newest Economic Citizenship Program, Grenada’s Pilot scheme will allow qualified investors and their family members to apply for citizenship and benefit from facilitation of visa-free travel.

The Grenada Citizenship by Investment Program was launched in 2013 under the regulations of the Grenada Citizenship by Investment Act.

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 their strategy to attracting foreign direct investment, the Grenadian Government is working closely together with a select number of businesses related to tourism, agriculture, and manufacturing. Through the implementation of the Citizenship-By-Investment Program, they also hope to create investment opportunities that will bring about sustainable employment.

INVESTMENT OPTIONS

National Transformation Fund

The National Transformation Fund (NTF) was established in 2013 as a means of transforming Grenada’s economy into one that is ever more prosperous and independent. The NTF finances various projects in Grenada for the benefit of its many industries, including tourism, agriculture, and alternative energy. Having made a donation to the NTF, investors are left with a true sense of having contributed to their new nation’s wellbeing.

Applicants opting for the NTF route must contribute at least USD 200,000 to the Fund. 

Real estate investment

One of the options available to applicants seeking to obtain citizenship by investment in Grenada is to invest in a Government-approved project. Currently, these projects encompass real estate developments such as hotels, villas, and resorts. Because of the growth of the tourism industry, there is rising demand for tourist housing facilities. Real estate developments are thus fantastic opportunities for investors looking for high returns.

Applicants opting for the approved project (real estate) route must invest at least USD 350,000. They must keep the real estate for at least three years following the grant of citizenship.

Schedule of fees

Application fee per person
US$ 1500

Due Diligence fee mail applicant
US$ 5000

Due Diligence fee spouse
US$ 5000

Due Diligence fee dependent 18+ y.o.
US$ 5000

Due Diligence fee dependent 12-17 y.o. 
US$ 2000

Due Diligence fee dependent 0-11 y.o.
US$0

KEY BENEFITS

• Fast processing within 4 months;
• Inclusion of dependent children under 25 years;
• Inclusion of dependent parents above 65;
• No physical residency requirements;
• No requirements to travel to Grenada during the application process;
• No interview, education or management experience required;
• Visa-free travel to over 100 countries including Europe’s Schengen zone
• E-2 treaty ‘Investor Visa’ signed between Grenada and the United States allows citizens of Grenada to operate a substantial business in the U.S. and reside therein;
• No tax on worldwide income.

Mount Cinnamon

Situated on a lush hillside on almost two miles of the white-sand Grand Anse Beach , which is recognized as one of the most beautiful beaches in the world. The resort hotel, looking towards the historic capital St. George’s, sets the tone for an irresistibly elegant yet intimate, relaxed beach hideaway.

A stay at Mount Cinnamon allows guests to do as much or as little as they choose, offering something to suit every visitor’s needs.

Featuring chic accommodations, friendly service and one of the best dining experiences in Grenada, Mount Cinnamon provides an authentically Caribbean vacation experience along with the privacy that only a boutique resort can offer.

When not taking in the magnificent views of tropical gardens or lounging on the beautiful, white-sand beach, guests can create their own Caribbean adventure from an array of exciting on-site and nearby activities, including scuba diving, water sports, whale watching, cycling, kayaking, fishing in crystal-clear waters, hiking through a natural rainforest, swimming under waterfalls and indulging in relaxing spa treatments.

The resort is being expanded through the Citizenship By Investment program.