Citizenship By Investment
Popularly known as the Spice Island because of its myriad locally grown spices, Grenada offers one of the most picturesque waterfronts in all 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 for many high net worth investors.
Total Area348.5 km2
CurrencyEast Caribbean Dollar
The Grenadian Citizenship by Investment Program provides the following prime benefits:
Fast ProcessFast processing within 4 months
Attractive Tax SystemNo tax on worldwide income
Remote ResidencyNo physical residency requirements
Family OrientedInclusion of dependent children under 26 and dependent parents over 55
Optional TravelNo requirements to travel to Grenada during the application process
Flexible RequirementsNo interview, education or managerial experience required
Opportunity in USE-2 treaty signed between Grenada and the United States allows citizens of Grenada to operate a substantial business in the U.S. and reside therein
Visa-free TravelVisa-free travel to over 100 countries, including Europe’s Schengen zone and China
Grenada’s Citizenship by Investment Program was launched in 2013 under the regulations of the Grenada Citizenship by Investment Act.
To qualify for citizenship in Grenada, applicants must fulfill one of the investment options in addition to meeting the following criteria:
The investment options for the Citizenship by Investment program of Grenada are as follows:
Applicants may donate a minimum of US$150,000 to Grenada’s National Transformation Fund. The minimum amount covers the main applicant only. For a family of up-to four people, the requirement is set at US$200,000. An extra donation of US$25,000 is required for each additional dependent. Donations can be transferred in two instalments.
The development is situated on a lush hillside of almost two miles of white sand on Grand Anse Beach, which is recognized by some as one of the most beautiful beaches in the world. The resort-hotel, looking towards the historic capital of St. George’s, sets the tone for an irresistibly elegant, yet intimate, relaxed beach hideaway.
Applicants may invest a minimum of US$350,000 for a family of up to four (main applicant, spouse and two qualifying dependents). An extra US$25,000 will be required for each additional dependent.
Mount Cinnamon covers the following costs for the main applicant and spouse: due diligence, investment fee, government and application fees, passport and Oath of Allegiance fees, local escrow fees and related VAT and bank charges (up to US$3,500). Dependents are required to pay the fees listed above and applicable charges.
The opportunity to own shares of Mount Cinnamon is an invitation to become a citizen of Grenada, begin a long and fruitful relationship with the island and its culture, and contribute to its future.
The new limited release of just 25 whole ownership condominiums will be available at US$450,000.
Ownership of these 484 sq.ft. fully furnished units is mandated for a period of 5 years after which the property can be sold or retained. In either circumstance units would remain as a part of the hotel rental pool.
The summarized timeline presented below is based on the required process for the citizenship by investment program in Grenada. The table breaks down the process into three basic steps. Each step must be completed before continuing to the next.
File preparation stage. We verify all documents and complete due diligence. Application fees are applicable at this stage. Investing in the selected property development.
Submission of PR application and transfer of donation. Submission of citizenship application. Naturalization Certificate is issued.
Submission of passport application. Issuance of passport.
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