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June 22, 2021

Grenada Real Estate Investment under Grenada Citizenship Program equaled to EC$151 million marking a new record

Overall Grenada Citizenship program revenue equaled to more than EC$253 million in 2020 setting a new record. The Program received a total of 394 applicants, out of which 375 were approved. By issuing around 1,111 passports, investment in real estate displayed a strong growth – EC$151 million, this number is already more than double of 2019 figure. As Grenada Program reached a new record, Mann’s Solutions team decided to highlight the main program benefits below.

Worldwide Mobility

A passport of a Caribbean country provides an opportunity to travel visa-free to up to 156 countries, including the EU, United Kingdom, Singapore, Hong Kong and even gives the possibility to apply for a business visa to the USA. All families will be able to enjoy visa-free traveling.

Profitable Investment Options

Caribbean citizenship programs provide at least 2-3 profitable investment options. This simply means that you can invest your money for 5 years and receive a second passport. The most popular Caribbean Investment Options are Real estate purchase, contribution to a public fund or investment in government bonds.

Taxation System

Well-known for their Taxation Systems, Caribbean Countries provide plenty of benefits for their nationals and businesses. All income received outside the jurisdiction of the second nationality is not taxed – it is a great tool to optimise tax burden and preserve your assets. Besides, you might be pleasantly surprised by the absence of some usual taxes that are common at your previous country of residence. For example, Caribbean countries like St. Kitts& Nevis and Antigua and Barbuda – do not charge income tax.

The Program Overview

Grenada Citizenship by Investment program is a fast-track and secure citizenship program. The only Caribbean program that allows settling in the USA, the Grenada Citizenship by investment program lets obtain a second passport within 3-4 months and grants visa-free access to over 143 countries worldwide. The program offers two investment options, a $150,000 government donation or a property investment from $220,000.

Grenada is one of the most beautiful and lush islands of the West Indies. Located near the southeastern Caribbean Sea, Grenada is a member of the Commonwealth and is the only Caribbean program that offers the possibility to relocate to the USA and visa-free access to China. Most of the Citizenship by Investment programs, including the Grenada Citizenship Program, offers an exciting opportunity to invest in real estate in return for citizenship. The Real estate investment in Grenada should be done into a government-approved project (it can be either the luxury 5-star hotel or villa), just like in other countries in the Caribbean.

Program benefits

Grenada Citizenship Program lets obtain a second passport in just 3-4 months. There are no residence requirements, therefore, the passport can be easily obtained remotely. Grenada allows dual citizenship, moreover, it is transferable to descendants and the whole family can apply for citizenship, including children up to 30, siblings, and parents. Grenada’s tax regime claims no tax on income, wealth, and inheritance. In addition to that, the USA E-2 Visa can be obtained through Grenadian Passport. 

Investment options

Grenada Citizenship by investment is available through two options. To qualify for the program, you can either make a government donation of $150,000 or invest in real estate on the island starting from $220,000.

1. $150,000 — Non-refundable donation to the government fund

Contribution to the NTF (National Transformation Fund) is non-refundable

 The donation amount may vary based on the number of dependents included in the main applicant’s application

 To qualify for citizenship as a single applicant, you will be required to make a government donation of $150,000, $200,000 for a family of 2, 3, and 4.

2. $220,000 – $350,000 Real Estate Investment

 Real Estate option should be approved by the government

 The property can be sold in 5 years

 LONDON BASED SOLUTIONS ADVISERS – Grenada Citizenship Program

Full Support with our Immigration Advisers & Property Consultants:

Property search based on your requirements (from residential properties to high-value luxury developments)

 • Property virtual tours, 3-D tours, and in-person tours available.

 • Due diligence checks and additional property checks are completed by our experts.

 • Residency & Citizenship document preparation and submission.

 • Full support until you receive your second passport & residency.

Mann’s Solutions is an international immigration law firm with offices in London, Hong Kong, and Moscow and has expertise in offering UK Visas and Immigration by Investment services to high net worth individuals. Our immigration advisers are regulated by OISC and IMC (Investment Migration Council).

For further information or to discuss your personal circumstances in a private consultation with our immigration lawyers in London Office, please contact us at enquiries@manns-solutions.com or call +44 207 993 63 46.

Photo by Kirk Thornton on Unsplash