A number of nations now offer citizenship through Government approved property investment. International Property & Travel magazine has launched International Property Citizenship Services and teamed up with the experts to highlight countries offering this opportunity. Our latest focus is on the ‘Spice Isle’ of Grenada.
Regarded as ‘The Authentic Caribbean’, Grenada is one of the most beautiful and lush islands in the West Indies. Unspoilt and exotic, its dramatic scenery, tropical rain forests, mountains, waterfalls and golden beaches appeal to visitors from around the world.
Grenada was traditionally inhabited by Carib Indians who migrated from the South American mainland. The island was originally known as Camerhougue but Columbus renamed it Concepcion Island when he visited in 1498. Successive Spanish sailors found it to be so evocative of Andalucia with its lush green mountain scenery that they called it Granada which is the origination of its name today. Now known more as a tourist destination, historically Grenada was seen as a ‘gentle’ island supported by growing spices, particularly nutmeg and cinnamon. These days it still has a very active agricultural and fishing economy.
The population is very well educated with a high literacy rate; St. George’s University, with 6,000 students from over 140 countries, offers faculties of Medicine and Veterinary Science and has been established for 35 years. In addition, a full medical teaching hospital is planned in the near future.
Grenada’s economic outlook is generally very good, with expansion occurring in tourism, agriculture and manufacturing. The Government is about to commence an oil and gas program in its territorial waters between Venezuela and Trinidad. Additionally, as part of the Eastern Caribbean Bank and currency system, its currency is stable, secure and tied directly to the US dollar.
Grenada’s Citizenship by Investment Program was launched in August 2013, when the Grenadian Parliament passed Act No. 15 of 2013. Its mission is to strengthen Grenada by creating economic growth through inward investment, leading to the creation of sustainable new employment opportunities for Grenadians, training of the workforce and the broadening of skills; while preserving the prestige, honour and value of Grenadian citizenship through a strict invitation and vetting process.
How to gain second citizenship
Presently, there are two options available to qualify for Citizenship by Investment in Grenada: either through a contribution to the National Transformation Fund (NTF) or by acquiring government-approved real estate of which there are currently two.
The first is a chic boutique hotel currently consisting of 22 beautiful, privately owned villas of one, two and three bedrooms and apartments, which are undoubtedly graced with the best views in Grenada. This resort looks towards Grenada’s historic capital St George’s and is currently being expanded with units approved under Grenada’s Citizenship Program. It offers freehold ownership via shares in a company i.e. each investor purchases shares in the company which owns the freehold property.
The second is a luxurious boutique private residence club located on the spectacular southern coast of Grenada. This one-of-a-kind residence club is comprised of four exquisite villas with private infinity pools and 12 stunning condominiums. The residence club also features a state-of-the-art gym, wellness centre, restaurant and a deep-water anchorage marina. While the 11-acre estate is tucked away on one of the most private locations in Grenada, it is a mere 15 minutes from the main business district, and 20 minutes from Maurice Bishop International Airport – serviced by major airlines from Europe, North and South America and the Caribbean.
Free advice
The service offered by this magazine provides free advice from experienced international professionals throughout the entire process of obtaining a Caribbean second citizenship through a Citizenship Investment Program (CIP). We have also linked with professionals based in Asia, Europe, and the Americas who are available for a free consultation and to guide investors through the procedures involved.
The team working with International Property Citizenship Services has processed over 300 clients in countries around the world through citizenship programs in the Caribbean and North America. With a fully staffed office of international professionals based in Antigua and representatives in the other Caribbean CIP islands, International Property Citizenship Services provides the licensed agents and authorized representatives required by the West Indies governments for the citizenship investment promotion and processing.
Contact
For further information on current Caribbean Citizenship by Investment programs please contact the International Property Citizenship Services department at International Property & Travel magazine.
Call +44 1245 250 981 or email info@ipcitizenship.com
