Grenada

Granada is one of the countries of the world that recognizes dual citizenship. It means that investors are allowed to maintain and benefit from their current passports. The Grenadian Citizenship by investment program offers the under listed benefits:

• Fast processing is done within four months.
• No physical residency requirements.
• Inclusion of dependent children under 25.
• The inclusion of dependent parents over 65.
• No interview, education or management experience required.
• Applicants are not required to travel to Grenada during the application process.
• Visa-free travel to more than 100 countries, including Europe’s Schengen zone.
• No tax on worldwide income.
• E-2 Visa Program signed between Grenada and the United States allows citizens of Grenada to operate a substantial business in the U.S. and reside therein.

In 2013 the Grenada citizenship by investment program was launched under the regulations of the citizen by investment Act. The program allowed eligible investors and members of their family to apply for citizenship in Grenada and benefit from Visa-free travel.

In Grenada, tourism has recently become a significant sector for foreign direct investments. Another service sector on the rise is the offshore financial industry, which together with strong performances in manufacturing and construction, have also contributed to growth in national output.

The Grenada government is working closely with some business related to tourism, manufacturing, and agriculture as part of its strategy to attract foreign direct investment. Also, the government hopes to create investment opportunities that will bring sustainable employment through the implementation of the program.

To be considered for citizenship, applicants are required to fulfill one of the investment options in addition to the under listed criteria:

• Be of outstanding character.
• Have excellent health.
• Hold no criminal record.
• Have a high personal net worth.

Grenada has moved from agricultural-dominant to service dominant economy, and one of the available options for foreign nationals is an investment in a pre-approved real estate project.

The Mount Cinnamon Resort is located on a lush hillside on almost two miles of the Grand Anse beach that is recognized by many as one of the most beautiful beaches in the world. Looking towards the historic capital of St. George’s, the resort sets the tone for an irresistibly elegant, yet intimate, relaxed beach hideaway. An award-winning destination, Mount Cinnamon is the most successful development under Grenada’s Citizenship by Investment Program, it has attracted more than 80 percent of all investment applications. Comprising 22 gorgeous, privately owned villas on 23 acres of freehold land, Mount Cinnamon is currently adding 250 new residences as well as new luxury facilities thanks to the CBI Program. Investors may sojourn at the resort for ten days per the calendar year.

Applicants must invest a minimum of US$350,000, which must be maintained for a minimum of four years. This reduced investment amount means our valued investors take on less risk. The minimum amount includes the principal applicant, principal applicant’s spouse, and two qualifying dependents. An extra US$25,000 is needed for each new dependent.

An applicant who owns shares of Mount Cinnamon is qualified to be a citizen of Grenada, start a long and fruitful relationship with the island and its culture, and contribute to its future.

Grenada’s National Transformation Fund is another investment opportunity available in the citizenship by investment program. Applicants are required to donate at least us$200,000 to Grenada’s National Transformation Fund. The minimum amount includes the principal applicant, his spouse, and two qualifying dependents. Extra donation of US$25,000 is required for each additional dependent.