Grenada’s exotic unspoilt idyllic beaches allured thousands of  visitors with its wildly jagged mountain peaks, spice plantations, and lush green rainforests with white or golden sand, palm trees, and the delicate aroma from island’s native spices with authentic caribbean life. Major International airlines fly directly from Grenada to  major American and European cities.

Grenada’s Citizenship by Investment Act 2013  allows individuals and their families to obtain citizenship or permanent residence in the country through purchase of property worth atleast $350,000.  All investors will qualify for citizenship and passport within 3 months of time.

Grenada’s property market is expected to grow 1.8% from 2017.  According to Global property guide, average housing prices are from $300 to $500 per sq.ft  in residential areas, wheras the prices in luxury residential areas in Grenada ranges from $460 to $1,600 per sq. ft.  Rental yields in the coastal areas are 4% to 4.5%. The property prices have surged lately, because of the demand from foreign buyers, and the launching of the Grenada citizenship program in 2013.

• USD 350,000 property investment in approved Grenada real estate developments
• Fast track citizenship and passport within 2 months.
• Passport gives visa free travel to China, United Kingdom, EU Schengen states (120 countries)
• Apply for E2 business visa to United States after becoming a citizen of Grenada.
• Lifetime citizenship and passport for family from Grenada
• Fast processing time 2 months

Non citizens of Grenada wishing to purchase property are required to obtain an Alien Landholding License and pay government taxes on the acquisition and disposition of more than 25% of the purchase and sale price. Grenadian citizens are exempt from such taxes and on disposition of real estate only pay a 5% conveyance tax property.

Most real estate developers will require 10% deposit of the purchase value and the balance is paid  within 30 days after receiving approval letter from the Grenada citizenship unit. Owners will receive rental income from the property, minus all the operating costs and taxes.  Stamp duty is 1% of property value, property transfer tax for citizens 5%, non citizens 15% on selling the property. Legal fee around 1-2% of property value, plus agent fee 5%. Of course you can just buy real estate as foreigner, and decide not to apply for citizenship, but the costs  go over the roof.

The following are the government approved real estate developments, that will qualify foreigners for citizenship in Grenada under the CBI programme. Investors can buy full or fractional ownership in properties such as resorts, hotels, apartments and residence villas.

1. Grenada Resort

Grenada resort complex will be a world-class destination resort community at St.Georges, Grenada offering luxurious tropical lifestyle with numerous amenities and activities.

$350,000 onwards

2. La Pointe

La Pointe is an exclusive villa & spa resort with 63 premier villa residences set in over 30 acres of unspoilt beaches and sea views. This five star resort offers its residents an experience with superb facilities such as world class spa, fine dining at its restaurants and a variety of sporting activities.

$350,000 onwards

4. Mount Cinnamon

Mount Cinnamon is a boutique hotel, consists of 22 beautiful, privately owned villas (1/2/3 bed) and apartments with views towards the historic capital St. George’s, set on the most beautiful  Grand Anse Beach white sand beach in Grenada.

$350,000 onwards

5. Flamboyant Hotel

Hotels and villas with spectacular sea views at Morne Rouge, Grenada.

$350,000 onwards

6. Levera Beach Resort

Levera beach resort will feature hotels, cottages, luxury villas, and homesites on Grenadas north-east cost across  375-acres with sweeping views of the eastern Caribbean Sea and southern Grenadine Islands with white beaches and palm trees. Levera currently offers  full ownership in 40 hotel cottages and 20 villas or equity ownership in turtle beach boutique hotel.

$350,000 onwards

7. Mariposa Residence

Mariposa development consists of 7 buildings and 14 condominium units built at Morne Rouge Bay, Grenada.  Morne Rouge Beach with its white sand and crystal clear waters is ideal for swimming, snorkelling, and sun bathing. The resort is surrounded by gardens that include a wide variety of tropical palms, plants and flowers. New owners would hold a freehold interest in the real estate with co-ownership.

$350,000 onwards

8. The Point at Petite Calivigny

Resort and private residence with 12 condo townhouses and 4 villas with luxury finishes with spectacular views on  Calivigny Island, Hog Island, and the marine sanctuary of Woburn Bay.

$350,000 onwards

9. The Sanctuary at Fiji Beach

Private Residence Resort is fully gated residential community at L’Esterre Carriacou, 20 miles north of Grenada covering 2.8 pristine acres, with two-bedroom villas and condominiums, and beautiful one-bedroom bungalows, all with amenities that make living most enjoyable.

10. HIDEAWAY TRUE BLUE

Condominium project is an approved real estate project by the Grenada government for citizenship.

$350,000 onwards

 11. Silver Sands

Silver sands is government approved real estate development that qualifies for grenadian citizenship.

$350,000 onwards

If you want citizenship in Grenada, when buying real estate, you have to pay the following fees in addition to real estate price

Grenada passport allows new citizens to travel without visa restrictions to more than 115 international and Commonwealth countries including United Kingdom, Schengen countries, Hong Kong, Singapore etc. Grenada is the only country that has visa free travel to China and has E2 treaty with the US giving grenadian citizens a great opportunity to do business in the US. Other benefits include, no requirement to visit or live in the country after getting citizenship.

There are no foreign income, wealth, gift, inheritance, or capital gains tax in Grenada.

Source: Corpocrat.com