One of the most exotic places in the world, Grenada is situated in the heart of the Caribbean Islands. Comprising a main island and several smaller surrounding islands, the predominantly English speaking state is also known as the “Island of Spice” as it is home to many nutmeg plantations. Living in Grenada offers a lifestyle like no other: combined with exquisite beaches, perfect climate and affordable costs of living, purchasing property in Grenada is achievable for those looking to relocate or to invest in property offshore.
Along with being one of the friendliest and safest islands in the Caribbean, Grenada has a strong economic outlook. If you are in the market for a second citizenship, Grenada offers a quick and hassle-free citizenship-by-investment (CBI) programme, with a mere 90 to 120 days to process your citizenship application. Through the CBI programme investors and those looking to relocate are able to apply without needing to visit Grenada during the application process, there are minimal processing fees and no physical residency is required. Grenadian citizens have preferred access, and in some cases, grants, to top schools. Grenada is also home to a world-class university. Grenadian citizenship grants you visa-free travel to 125 countries including the EU Schengen area, the UK, China, Singapore and Hong Kong. Grenada is the only Caribbean island with a CBI programme where citizenship comes with the ability to apply for a USA E-2 visa, which grants eligibility to live and operate a business in the US.
Many property investors are turning to sound realisable property assets. By purchasing new property development in Grenada, citizenship is gained through sound financial investments. Pam Golding International has teamed up with strong and reliable developers. As an owner, in most projects, you will share in hotel revenues, less certain costs, ensuring a profitable return on your investment. You will have two weeks free usage each year, and for the remainder of the time, your property will be put into the hotel rental pool to secure an annual return on your behalf. Our offices are available to assist in your purchase, units are available from US$220 000.
Grenada offers one of the world’s top ranked Citizenship by Investment (CBI) programmes, which allows individuals and their families to invest and obtain citizenship and permanent residency in Grenada.
Grenada CBI benefits:
- Citizenships are processed fast - approximately 60-90 days
- Government citizenship fees for families are low – for a family of four, the main Government fee is just US$50,000 plus minor government due diligence and processing fees
- No interview, education, language test or management experience is required
- No residency requirements and dual citizenship is permitted
- Grenadian citizenship offers visa free travel to more than 140 countries including China, Russia, the Schengen States, UK and Singapore
- Grenada has source-based taxation: tax residents are not subject to Grenadian tax on their worldwide income, wealth, gift, inheritance or capital gains
- Unmarried dependent siblings of the Principal Applicant and his/her spouse can be included, as well as unmarried children under the age of 30 and dependent parents & grandparents under the age of 55
- Ability to sell after 5 years and secondary purchasers of Real Estate can qualify for CBI
- New citizens who take up residence, after one year can benefit from up to 90% discount for undergrad courses at St. George’s University
- Grenada is an E-2 visa treaty country with the USA, meaning approved applicants can live in the US with their families
USA E-2 Investor Visa:
The E-2 investor visa allows a successful applicant to enter and work in the USA based on an investment they control there. The investment must be “substantial” with no set minimum. E-2 investor visas are available only to citizens of certain countries that have a bilateral investor visa treaty with the USA
- Grenada is the only country in the Caribbean that has an active CBI programme and whose citizens are eligible for the USA E-2 Investor Visa
- If granted, the visa is valid for 5 years, and can be renewed without limit, provided that the underlying investment still qualifies
- Application directly at a US consulate
- Spouse of E-2 applicant has open market employment opportunity
- Children (under the age of 21) of E-2 applicant can attend school in the USA and are eligible for in-state tuition, in most states
- Processing time for E-2 visa is usually two months or less
- E-2 applicant and family members can spend as much or as little time in the US as they wish
- E-2 visa holders can reside in the US while their permanent residence (EB-5) applications are pending
For more information on investing in Grenada and obtaining Grenadian Citizenship, please contact us on grenada@pamgolding.co.za
St Georges University