In addition to its scenery, Grenada offers culture, fun, and friendliness typical of the authentic Caribbean life making Grenada the perfect place in which to live, work and play. Portugal Golden Visa Funds Comparison and Filter This also prevents any potential humidity problem, (for there is no contact with the soil), and it strengthens the structure against poor weather conditions. Grenadas investment program allows qualified investors to become global citizens through obtaining citizenship and being granted a second passport all within a short turnaround period. You may choose between two investment options: The NTF was established when the CBI program was introduced in 2013, to assist in boosting the economy in the country, in addition to securing resilience, diversifying the market structure, and increasing prosperity. P.O Box 3683, Grand Anse, St. George, Grenada, 1 473 404 5570 | Whatsapp 1 473 404 5570, 1 473 405 5570 | Whatsapp 1 917 543 0184, APPROVED MARKETING AGENT FOR THE GRENADA CITIZENSHIP BY INVESTMENT PROGRAMME | #GCBI-MA-0068, Copyright 2020 My Grenada Solutions | All Rights Reserved, Hi! Hotel cottages cost about $420,000 while luxury villas in coastal areas cost $600,000. After the CBIC has received your proof of payment either into the NTF or real estate- they issue certificates of registration. Each villa or condo is available for purchase as either a complete luxury property or as a fraction . In addition to fulfilling personal requirements, applicants must also choose between two potential routes for citizenship: The right of free movement to Grenada, China, Russia, Singapore, the UK, and Europes Schengen Area, among others. Stamp tax on business receipts is 0.70% if gross received is more than XCD 300,000. Following this foreign direct investment, citizenship documents and a Grenadian passport are issued. Reacting to the circular, Mohammed Asaria - head of Range Developments, which is building two CBI-approved projects in Grenada - said the past six months had seen "a fundamental philosophical change in the operation of Caribbean CBI programs: Governments and communities are demanding that developers fulfill their obligations and deliver. Considered one of the best in its class, this hideaway resort features 151 rooms and suites and luxury amenities. These assets form part of the operating resort at Mount Cinnamon. +1 473 405 5400 (Grenada); +1 786 440 1116 (United States). 1 True Blue Avenue, St Georges, Grenada, W.I. Oath of Allegiance required for each family member 18 years or older. Located on the most beautiful beach in Grenada, this captivating resort is scheduled for opening in 2023. Interested in contributing a sponsored feature? While the due diligence is being carried out, an initial deposit is required from the investor. Once the citizenship application is submitted to the CBIC, the Grenadian government will assess each application carefully. History of Citizenship by Investment Once the requirements are met, the applicant must choose one of the following investment options: a donation to Grenadas National Transformation Fund, starting at $150,000; or the purchase of government-approved real estate, worth $350,000 or more. Grenada Citizenship by Investment (CBI) New Citizenship with passports for you and your family. citizenship.gd 2015-2021. Port Louis is at the forefront of development. P.O. Certified copy of proof of name change (if applicable). We invite you to explore Grenada Citizenship by Investment opportunities to change the life and future of your family. IM Firms Global Office Distribution Out of these cookies, the cookies that are categorized as necessary are stored on your browser as they are essential for the working of basic functionalities of the website. With well-established partners with a decade of experience in Grenadas Citizenship by Investment program, the application process is remarkably simple: Government fees for the main applicant, a spouse and 2 dependents: $50,000. We are extremely comfortable with Kempinski. There is no guarantee that the applicant will be approved. Five-star resorts are a great investment, but the return relies heavily on the fluctuance of tourism, whilst renting out a property or even reselling it can prove quite the challenge for investors living abroad. An approved CBI Development in Grenada The opportunity to participate in the expansion of Mount Cinnamon Resort and Beach Club is an invitation to be one of a privileged few who will become a citizen of Grenada now at the beginning of its tourism expansion, and hopefully begin a long and fruitful relationship with the island and its future. Once the due diligence checks are approved, qualified foreign investors will need to provide the investment into Grenada and the proof of the respective investment. The applicants benefit from this tax-efficient jurisdiction by having the opportunity to grow their wealth through their investment. CBI Banned Nationalities, REAL ESTATE P.O Box 800, Lucas Street. An important benefit of the Grenada CBI program is that it extends to the primary applicants whole family so that they can also unlock the perks of a second passport. Government approved projects may be subject to a reduced rate. For further details please contact our CBI consultants. A five star resort and private residence club. The NTF fees can be seen in full here: Grenada National Transformation Fund: Minimum Donation. Skip to content. Obtain Grenada Citizenship from only $220,000 excluding fees. Lance Aux Epines, St. Georges, Grenada W.I. This will contain information on making your investment in Grenada. The project is approved under Grenada CBI programme. An additional non refundable donation of $25,000 is needed for each additional family member. Upon executing both sets of agreements, the applicant: i) pays the professional fees as agreed; ii) completes all the application forms and provides the supporting documents, with our companys assistance and; iii) pays the relevant application fees to the government of Grenada and the real estate deposit, wiring these to the designated escrow account at a bank in Grenada. Grenada citizenship requirements and eligibility. From second citizenship to real estate investment citizenship insights to. : Grenada is the only Caribbean country whose citizens can apply for the E2 Visa in the USA. Open in October 2019, the resort is located on the tranquil beach of Douglas Bay in Dominica. An investment in InterContinental Grenada Resort is a chance to share in a winning partnership. For Sole ownership the investment amount must be US$ 350k+. Silversands is luxury hotel and private villas at Grand Anse Beach. Select a licensed authorized agent to process your application. To see this page as it is meant to appear, please enable your Javascript! Ownership at Kawana Bay Grenada is hassle free, with no annual out of pocket expenses for maintenance or upkeep. Let real development begin. Each will be able to enjoy greater visa free travel and a host of benefits that come with citizenship. Once the processing has concluded, the CBI Committee issues an official letter communicating its decision on the application (approving or denying). Since 2014, CBI has served Grenada's economy as an income generator to finance and drive economic development through the collection of fees and the two investment pathways for applicants: The CBI-approved real estate projects ; The National Transformation Fund. Approved-Projects HIDEAWAY TRUE BLUE This alluring citizenship by investment real estate project boasts 43 turn-key condos located opposite St. George's University - an American-owned university specialising in medicine, veterinary medicine, public health, arts and sciences, and business. conceived as the antidote to the faceless, homogenous luxury that forms the backdrop to the merry-go-round of the frequent traveller located at Grand Anse Beach, Grenada. Grenadian passport allows its citizens visa free travel to over 140 countries, including the UK, European Union countries, Europes Schengen area, China, Singapore, and Hong Kong, for varying time periods. Does my family qualify for Grenadian citizenship as well? Instagram Facebook Youtube Linkedin. Weekly Review can also be passed down to future generations. 3 Lessons The Botched MM2H Relaunch Holds for Migration-Policymakers, Albania to Postpone CBI Plans Pending Outcome of EU Court Case Against Malta, Thomas Anthony Returns as CEO of Grenadas Citizenship by Investment Unit, Grenada: Buyers of Illegally Discounted CBI Real Estate Could Lose Citizenship, How to Expatriate from the United States Part 3: Preparing for the Exit Tax, Portugals Golden Visa Public Discussion Period and Whats at Stake, 26 Cypriot Law Firms Investigated For CIP-Related Compliance Violations: Five Already Found Guilty, Portugal Golden Visa Funds Comparison and Filter, Investment Migration Market Eligibility Index. US government is actively involved in Caribbean CBI, CBI Real Estate Watch - Putting the "Real" Back in CBI Real Estate, Thomas Anthony Returns as CEO of Grenadas Citizenship by Investment Unit, Albania to Postpone CBI Plans Pending Outcome of EU Court Case Against Malta, Grenada: Buyers of Illegally Discounted CBI Real Estate Could Lose Citizenship, How to Expatriate from the United States Part 3: Preparing for the Exit Tax, Portugals Golden Visa Public Discussion Period and Whats at Stake, 26 Cypriot Law Firms Investigated For CIP-Related Compliance Violations: Five Already Found Guilty, Portugal Golden Visa Funds Comparison and Filter, Investment Migration Market Eligibility Index. Hartman University Town is a massive project courtesy of about USD 2 billion investment of the reputable Hartman Education. In addition, the general civil document requirements are the following: It is important to note that all letters need to be addressed to: Grenada Citizenship by Investment Committee, Grenada Board of Tourism Building, Floor 2, Burns Point, St Georges, Grenada. A Government fee of $50,000 applies to this option. The IMI CBI Transparency Index The real estate holding period for US$ 220k investment option is FIVE years. We firmly believe that giving back to the community is a highly rewarding way of moving it forward. Grenada citizenship can be obtained in exchange for an investment on the country, which can be a donation to a government fund starting at $150,000, or the purchase of real estate from $220,000. I want to thank Range Developments who came, who invested and who delivered an important new addition to the luxury end of St. Kitts and Nevis., Introduction to Citizenship by Investment, An Investors Guide to Caribbean Citizenship, InterContinental Dominica Cabrits Resort & Spa. To see the full list of reasons why to work with Global Citizen Solutions for your Caribbean citizenship application, click here. This list is likely to change as more projects are approved and new opportunities become available. Approved CBI Agents Lists We are also the appointed local agent for a newly launched CBI approved project in Grenada known as "The View". Approved CBI Real Estate Developments, DIRECTORIES & LISTS A fingerprint, to be obtained in front of a licensed officer (form 2). For the due diligence process, if the applicant makes a false statement or fails to include relevant information in the citizenship application, then they will be declined. An investment in an approved project (real estate) in Grenada. A non-refundable contribution to Grenada National Transformation Fund (NTF), The purchase of real estate at a government pre-approved project. TheGrenada CBI applicant can choose to purchase a, financial instrument with a fixed rate of return andfive year term or a freehold interest (partial or entire), villa, bungalow or townhouse in the development. The project was approved by the Grenadian citizenship by investment unit (CBIU) in March of 2021 and has already broken grounds with the first phase of construction - set on a colossal 148 acres of land - proposed to be completed in 3 years, approximately 2024. The resort is being expanded through the Citizenship By Investment program. A gated community, designed for those open to making every day a new adventure. These forms can be found on Grenadas government website here. Located on the most beautiful beach in Grenada, this captivating resort is scheduled for opening in 2022. Nianganfoix, Birchgrove, St. Andrews, Grenada W.I. Blacklisted CBI Agents Turkey The CIC further indicated that the buyback and rebate structures had led not only to investors acquisition of qualifying real estate below the required minimum for that category but also at rates even below the minimum for the donation option: Furthermore, it is understood that this process is inducing applicants to invest amounts below the qualifying investment stipulated by Regulations under Section 10 of the Grenada CBI Act for the National Transformation Fund.. Weekly Review The resort will be operated by Kimpton Hotels and Restaurants, placing your investments operational management in expert hands. The whole family can have dual citizenship and enjoy the perks of greater visa free travel and visa free access. Grenada, known as the Isle of Spice, is one of the most magnificent islands in the West Indies. Copyright 2023 Citizenship by Investment All rights reserved. Only investments in these CBI approved developments will qualify for Citizenship in Grenada under the CBI program. 1. Our Governments policy is to bring investment and sustainable jobs to the country, and our partnership with Range Developments is an irrefutable proof to this. Construction is currently underway to create a world-class, one-of-a-kind, resort complex that is comprised of over 100 units including luxury villas, condominiums, bungalows and suites that will offer our clients an upscale environment for the vacation experiences of a lifetime. La Vida focuses on the most established projects being built by accredited developers with a strong track-record. The Grenada Citizenship by Investment program is one of the most sought-after in the world, given the unique benefits the programme provides. Situated overlooking Grenadas Grand Anse Beach. Its location, design and amenities make it a popular choice for university students. The InterContinental Dominica Cabrits Resort & Spa, is a hideaway resort ranked one of the best in its class in the Caribbean. There are two ways of obtaining Grenada citizenship by investment: making a donation of a minimum of $150,000 (for a sole applicant) tp the National Transformation Funds, or buying government-approved real estate worth $350,000 or more. CBI investment at Mount Cinnamon Resort and Beach Club is by way of subscription for shares in Mount Cinnamon Villas Ltd, a single purpose company which owns real estate assets at Mount Cinnamon. The real estate branch of the Grenada citizenship by investment program (CIP) has largely been dominated by five-star resorts followed by actual property; two great options, but both lacking in the department of return on investment (ROI). Range is the only CBI developer who has completed two 5-star luxury resorts. To apply for the Grenada CBI program, follow these six steps to obtain dual citizenship: The primary applicant will need to supply certain citizenship documents. The Investor signs Real Estate Purchase and Sale Agreement with the approved real estate development as well as a professional services agreement with our company. An investment in an approved project (real estate) in Grenada. The resort hotel , looking towards the historic capital St. Georges, sets the tone for an irresistibly elegant yet intimate, relaxed beach hideaway. The developer offers a one-stop service where investors can obtain truly passive income without the need to break a sweat. From its inception, over 7000 people have become new citizens of Grenada. To know more about Hartman University Town project, please visit www.hartman-universitytown.com.To get in touch with the project marketing agent, please email info@hartman-edu.com or contact (Hong Kong +852) 2123 8416. The penalties may also extend to CBI applicants, who could see their approvals and Grenadian citizenships rescinded. We use cookies to ensure that we give you the best experience on our website. Necessary cookies are absolutely essential for the website to function properly. How do I qualify for Grenada's CBI programme? Gated community with 24 hour security, CCTV surveillancesystem and fenced perimeter. Indeed the government has put into play this CBI to create investment opportunities, attract high net worth investors, and improve the countrys economic standing by creating substantial business, sustainable employment opportunities, and environmental security. : One of the quickest turnarounds to be granted citizenship after your investment act and investment application submission. Applications must then submit their passport documents via a local agent. On a yearly basis, increasing numbers of visitors from first world countries and the Caribbean, flock to Grenadas shores to experience the islands culinary delights, its authentic culture, quintessential charm, and its alluring beaches and waterfalls. Range Developments is well known for the high quality of its hotels and for the ability to deliver the results in our region. Within 60 to 90 days after you apply for citizenship, your application will be approved and a letter will be issued. Necessary cookies are absolutely essential for the website to function properly. To learn more about the InterContinental Grenada Resort property, explore here. Point Salines, St. Georges, Grenada, W.I. It is a place where luxury is not gated off from the rest of the world, it is a beautiful addition to it. If it matters to the investment migration market, its in IMI's newsletters. Becoming a citizen of Grenada by investing in an approved property gives investors the opportunity to recover some of their investment. 2, the LA submits the application to the CBI Office in Grenada and the processing starts.The expected duration is 90 days, if no queries arise. Hartman University Town is the winner of three Platinum Titan Property Awards in . Investment Migration Market Eligibility Index, LEARNING TOOLS All rights reserved | Privacy Policy | Terms & Conditions: Grenada Dominica St. Kitts, We are extremely delighted to welcome such an experienced hospitality developer to Grenada. Mariposa Residence is surrounded by gardens that include a wide variety of tropical palms, plants and flowers. Vanuatu, Sorry, you have Javascript Disabled! The individual annual income tax rate for locally generated income for the first XCD 36,000 per annum is exempt, the next XCD 24,000 is taxed at 10%, and the excess thereof at 28%. Property transfer tax for Grenada citizens is generally 5% and is payable by the vendor or seller. See instructions. It is mandatory to procure user consent prior to running these cookies on your website. Citizenship by Investment | GRENADA P.O. HILLSIDE VILLAS: 3-bedrooms villas on the hillside. Inc.., is a Licensed Local Agent, Architect and Developers under the Grenada Citizenship by Investment Act. Whats more telling is that this project will be based in a rural part of the country, St. David; showing our commitment to ensuring that every part of our Tri-Island State is developed., We are very comfortable with Range. Letter will be issued NTF fees can be found on Grenadas government website here these forms can be found Grenadas... Or as a fraction one-stop service where investors can obtain truly passive income the! The citizenship application is submitted to the community is a chance to share in a winning grenada cbi approved projects. 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