Grenada - Citizenship by Investment Program
Citizenship by Investment Program
In September 2013, the government of Grenada resurrected long-standing law allowing citizenship by investment through two options, authorized real estate acquisition and donation to the government Island Transformation Fund. The new inception of the old law increases the minimum real estate investment to US$500,000 and was conceived for unique global citizens who demand exclusivity and prompt service.
With a population of around 110,000 on the island of 344 square kilometers (133 sq mi), the 'Spice Isle' is one of the most beautifully lush islands in the West Indies. Naturally exotic, Grenada's breathtaking scenery includes mountain waterfalls and golden beaches surrounded by tropical rain forests which are appealing even to the most discerning world traveler.
Grenada is a full and participating member of the Caribbean Community (CARICOM), the Organization of Eastern Caribbean States (OECS) and the Commonwealth of Nations.
Larger investment applications are also welcome. Investments of greater than US$2,000,000 with no upper limit, can be made for larger bespoke villas or other commercial investments and entitle the applicant or applicants to apply for citizenship In all of the above cases spouses and children under 25 years may also apply for citizenship.
The application process is quicker than other programs, and approved within 60 days of submission with your passport issued immediately thereafter.
A Grenada passport allows visa-free travel to more than 100 countries, all EU (Schengen) Countries, as listed, to be on Visa Exemption List by December 2013. The island offers no income, wealth or inheritance taxes.
Investment Options with the Grenada Citizenship Program
The investment must be minimum US$ 250,000 and must be owned and maintained for a minimum period of 4 years.
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.
CBI investment at Mount Cinnamon is by way of subscription for shares in the company, which owns and operates the hotel. As a shareholder, Investors will be entitled to a dividend from any hotel operating profit, as well as the right to apply for one “Main Applicant” citizenship together with citizenships for family members.
Upon receipt of the investment funds into the approved escrow account the escrow agent will be authorized and obliged to release funds as follows:-
a. On submission of the application to Government – 10%
b. On issuance of the Citizenship certificate – 90%
Fast processing within 4 months;
Inclusion of dependent children under 25 years;
Inclusion of and dependent parents over 65 years;
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 70 countries including the UK;
No tax on worldwide income.