Sole ownership, reasonably, has a higher predicted ROI between 4.7 5.37% depending on the renting period, while shared ownership also has a pleasant ROI situated between 3.1 3.81%. Ownership in a highly regarded and globally recognised maritime development marketed and managed by an internationally experienced hotel operating company. Processing time Three - four months. P.O Box 3683, Grand Anse, St. George, Grenada, 1 473 404 5570 | Whatsapp 1 473 404 5570, 1 473 405 5570 | Whatsapp 1 917 543 0184, APPROVED MARKETING AGENT FOR THE GRENADA CITIZENSHIP BY INVESTMENT PROGRAMME | #GCBI-MA-0068, Copyright 2020 My Grenada Solutions | All Rights Reserved, Hi! The key to any successful investment is to find a trusted partner and we strive to reach the highest standards. The IMI CBI Transparency Index 15 Approved Real Estate Properties in Grenada, Malta Ranked First among Citizenship programs, Top Citizenship By Investment Programs 2023, CIP Saint Lucia resumes processing applications from Iran, Dominica Tops Citizenship by Investment Rankings 2022, China signs visa free agreement with Dominica, Golf Buggies Available to move about the resort, Emerging Market that Helps Build the Grenada Economy, Hope Estate (Residential) Developmentis well established, Hope Estate (Resort) Developmentconsists of approximately, High quality, individually/wholly-owned condominium real estate. Please check back to keep up to date. The primary applicant must make a minimum investment of $150,000 to the NTF, or $200,000 for a family of up to four members. Here at Range Developments, we assist clients in obtaining citizenship by investment in Grenada and assist with the full citizenship application process. Email us on cn@imidaily.com and see all our promotional options here. The RCBI Company Directory ", She further warned that investors who obtained citizenship through these questionable methods "will have to carry the risk of the government revoking it in the future for defrauding the Grenadian state. Whats more telling is that this project will be based in a rural part of the country, St. David; showing our commitment to ensuring that every part of our Tri-Island State is developed., We are very comfortable with Range. Particulars for the Office of Home Affairs (form 3). Open in October 2019, the resort is located on the tranquil beach of Douglas Bay in Dominica. CARIBBEAN. Blacklisted CBI Agents It is mandatory to procure user consent prior to running these cookies on your website. We firmly believe that giving back to the community is a highly rewarding way of moving it forward. Bailles Bacolet, St. Davids, Grenada W.I. You also have the option to opt-out of these cookies. can also be passed down to future generations. Set to open in early 2023, the resort and residences are spread over 38 acres (15 hectares) and laid out using the lands natural topography, with great effort given to ensuring space, privacy, and uninterrupted views over the turquoise sea. In 2018 Grenada was named the Best Caribbean Destination by Experts Choice, just one year after being named the Destination of the year by Expedia. The development comprises luxury suites and studios sold on a freehold condominium basis, with owners enjoying 2 weeks of free personal use per year. Upon executing both sets of agreements, the applicant: i) pays the professional fees as agreed; ii) completes all the application forms and provides the supporting documents, with our companys assistance and; iii) pays the relevant application fees to the government of Grenada and the real estate deposit, wiring these to the designated escrow account at a bank in Grenada. You may choose between two investment options: The NTF was established when the CBI program was introduced in 2013, to assist in boosting the economy in the country, in addition to securing resilience, diversifying the market structure, and increasing prosperity. The real estate branch of the Grenada citizenship by investment program (CIP) has largely been dominated by five-star resorts followed by actual property; two great options, but both lacking in the department of return on investment (ROI). The benefits of Grenada citizenship are visa free access to over 140 countries, including the Schengen area, the UK, Singapore, China and Hong Kong; the possibility of applying for the E2 visa in the USA, and also tax advantages. With well-established partners with a decade of experience in Grenadas Citizenship by Investment program, the application process is remarkably simple: Government fees for the main applicant, a spouse and 2 dependents: $50,000. Lawyer or notary practicing certificate (a copy of the license of the lawyer of notary certifying the documents). The CIC highlights that such practices directly contravene the countrys CBI regulations by effectively providing a discount to the amount required to be invested by applicants under Grenadas CBI Program so that such investment amount falls below the minimum qualifying investment [].. Approved CBI Real Estate Developments, DIRECTORIES & LISTS Grenada citizenship requirements and eligibility. The Passport Index-Index Port Louis is at the forefront of development. Grenada, known as the Isle of Spice, is one of the most magnificent islands in the West Indies. An investment in InterContinental Grenada Resort is a chance to share in a winning partnership. Citizens and residents of Grenada can enjoy the attractive tax regime of the island. To see this page as it is meant to appear, please enable your Javascript! Note that government fees can change at the discretion of Grenadas government. The citizenship programs we are working with offer foreign nationals the freedom of global mobility and visa-free travel, as well as access to foreign business investment opportunities and some of the best schools and work opportunities in the world. The Kawana Bay project is being sold in 4 phases: 44 x Single-Title Studios(LIMITED AVAILABILITY), 35 x Dual Title Studios(LIMITED AVAILABILITY), 18 xMulti Title Studios(LIMITED AVAILABILITY), 7 x Single Title Studios(LIMITED AVAILABILITY). This list is likely to change as more projects are approved and new opportunities become available. To apply for the Grenada CBI program, follow these six steps to obtain dual citizenship: Select a licensed authorized agent to process your application. Yesterday, Grenadas Citizenship by Investment Committee (CIC) issued a memo in which it once again reminded program stakeholders that discounted offerings in the form of rebates or share buybacks by its agents are explicitly banned. Approved Project Checklist - Existing Project. Becoming a citizen of Grenada by investing in an approved property gives investors the opportunity to recover some of their investment. All rights reserved | Privacy Policy | Terms & Conditions: Grenada Dominica St. Kitts, We are extremely delighted to welcome such an experienced hospitality developer to Grenada. Indeed, the Grenada passport by investment is available to the individuals family and is one of the key benefits of the program. IMI Research Unit See instructions. Only investments in these CBI approved developments will qualify for Citizenship in Grenada under the CBI program. When a document needs to be produced to support the CBI application, then it must be certified and authenticated in accordance with the law of the jurisdiction from where the document originates. There are no capital gains, inheritance tax, or wealth tax on worldwide income or assets imposed by Grenada. Will it be completed and in a time frame that allows the investor to benefit from yearly returns? NEW OPPORTUNITIES INVESTMENT LIMITED (NOIL), Canadian International Capital, Inc.200 Barrington Street, Suite 1300 Cogswell Towers, Halifax, Nova Scotia, Canada. EU Citizenship by Descent Policies, DATA & STATISTICS Launched in 2016, we assist HNW clients. Online Application Submission Portal for Authorized Agents. Grenadian passport allows its citizens visa free travel to over 140 countries, including the UK, European Union countries, Europes Schengen area, China, Singapore, and Hong Kong, for varying time periods. But opting out of some of these cookies may have an effect on your browsing experience. Investors are eligible to obtain Grenada Citizenship by investing the project. The following Grenada resorts and development projects have been formally approved by the Grenada government. Grenada citizens can also apply for the USA E2 visa. Hartman Education is already in advanced communication with a US based university to establish a campus within the town for local and international students. To discuss your investment, connect with one of our CBI representatives here: Contact Range Developments Your Path To Citizenship by Investment. Will it provide a share, fractional freehold, or freehold interest in the actual property being advertised? : Your entire family will be included your spouse, dependent children under 30, dependent parents, dependent grandparents, qualified unmarried siblings, or an additional dependent providing them with a route to obtain Grenadian citizenship and a second passport. The resort is set on one of the most beautiful beaches in the Caribbean. Alongside this, and a significant advantage of choosing Grenada for your investment act, is that Grenada is the only Caribbean country whose citizens can apply for the. Mariposa Residence consists of eight (8) two story buildings connected by stairs, paved with original white stones imported from Carriacou; The apartments are located in seven buildingson three different levels. As an approved development under Grenadas Citizenship by Investment Program, there are two, investment options for Sanctuary at Fiji Beach. Grenada also has many excellent teaching facilities, such as St Georges University, one of the best medical universities. Turkey Our services as online platform are FREE of charge. The government of Grenada controls citizenship by investment to help ensure trustworthy partners and due diligence is undertaken in accordance with the laws of the country. Investment Minimum contribution of USD 150,000 The Grenada Citizenship by Investment (Approved Projects) Regulations, 2017 which govern the CBI approved projects make provision for the setting up of a project escrow account by a developer with a licensed financial institution in Grenada and the signing of an escrow agreement between the developer of an approved project and the Committee . Copy of military service card (if applicable). To qualify for Grenada's Citizenship by Investment programme, you need to make an investment in a designated real estate project approved by the Government of Grenada, such as the InterContinental Grenada Resort. Once the purchase contract has been signed and the full investment amount has been transferred to an escrow account, the investor may apply for citizenship. Employment, wealth, business, and related information (form 5). Weekly Review Grenada Citizenship by Investment (CBI) New Citizenship with passports for you and your family. citizenship.gd 2015-2021. Blacklisted CBI Agents Each villa or condo is available for purchase as either a complete luxury property or as a fraction . To qualify, the investor (or investors) must enter into a contract to buy property worth US$ 220,000* or more. The individual annual income tax rate for locally generated income for the first XCD 36,000 per annum is exempt, the next XCD 24,000 is taxed at 10%, and the excess thereof at 28%. : One of the quickest turnarounds to be granted citizenship after your investment act and investment application submission. To qualify for Grenada citizenship, the main applicant must be 18 years of age, have no criminal records, good health, pass a detailed background check, and provide proof of funds. Hotel cottages cost about $420,000 while luxury villas in coastal areas cost $600,000. We'll assume you're ok with this, but you can opt-out if you wish. Range has clearly indicated that they are here not only for the short term or medium term, but certainly for the long term. They will assist you to prepare the required documents that you will then need to complete to be submitted to the CBIC, with the support of a government approved local agent. With the 144 visa-free destinations you can access with a Grenadian passport, is evidently more than enough for you to conquer global commerce, especially considering that among those destinations are the UK, China, EU, and many more international business hubs. Speak with our advisors to establish the best option for you. The project is situated near the St. Georges University (SGU) in Grenada and is primed to offer extraordinary accommodation to local and international students. Investment Migration Events, RANKINGS & INDICES Certified colored copy of current passport(s) showing the name, photo, citizenship/nationality, date, place of issue, expiry date, passport number, and issuing country. Please check back to keep up to date. By working with local communities at a grassroots level to tackle various social issues, we aim to become an integral part of society. Both the processing fees, due diligence and other applicable fees must be paid along with the application directly to the service provider. IMI Research Unit For more information, read our Cookie Policy. The rental yields are about 4.2% in coast areas. Please leave this field empty. HILLSIDE VILLAS: 3-bedrooms villas on the hillside. The following are the 15 CBI approved real estate projects and developments approved by Grenada Citizenship By Investment Unit. The resort will be operated by Kimpton Hotels and Restaurants, placing your investments operational management in expert hands. Will it provide a local tax ID & residence address? Five-star resorts are a great investment, but the return relies heavily on the fluctuance of tourism, whilst renting out a property or even reselling it can prove quite the challenge for investors living abroad. On May 2, 2019 the CBI Office did, in fact, inform GCDL that it would no longer accept CBI applications from GCDL for the Project under Section 11 of the Act. : There are no interviews, education, or management experience requirements in the process. All applicants are welcome and there are no country restrictions, although there are due diligence checks that are conducted. These cookies do not store any personal information. The beach at Mariposa Residence, with its unparalleled beauty, is truly a sunny paradise! The Grenada Citizenship by Investment (Approved Projects) Regulations, 2017 which govern the CBI approved projects make provision for the setting up of a project escrow account by a developer with a licensed financial institution in Grenada and the signing of an escrow agreement between the developer of an approved project and the Committee. The project is approved under Grenada CBI programme. A world-renowned 5-star resort located on the beautiful Caribbean island of St. Kitts & Nevis. They will certainly help transform the tourism industry in Dominica., We have very positive experience working with Range Developments. In addition to its scenery, Grenada offers culture, fun, and friendliness typical of the authentic Caribbean life making Grenada the perfect place in which to live, work and play. The Grenada Citizenship by Investment Program requires applicants to make a minimum economic contribution of USD 150,000 to the country. A regional leader as a CBI developer, Range Developments prides itself in delivery of a product to the highest quality and is fully committed to the success of its Citizenship by Investment and investor visa projects. The citizenship requirements are as follows: There are certain general and supporting documents that you will need to complete, which we will provide you with later in the article. 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. Investment Migration Market Eligibility Index, LEARNING TOOLS To learn more about the InterContinental Grenada Resort property, explore here. The Committee even urged program stakeholders to contact them directly and urgently if they encounter any promotional material inconsistent with the government's regulations. The Grenada citizenship by investment program was launched in 2013. Purchase and sale documents in 4 copies (in case of the real estate investment option / Escrow agreement and letter of engagement with a local agent (in case of NTF option). In August 2019, the Grenada National Resort has been granted as an approved CBI project by the Government. Grenada also has many excellent teaching facilities, such as St Georges University, one of the best medical universities. IMI Program Pages As well as residential property, Port Louis also has available retail and commercial units under the same program. Each will be able to enjoy greater visa free travel and a host of benefits that come with citizenship. All suites will feature private plunge pools and sea views with word-class amenities. Commanding a prime position in the heart of the capital city of St Georges, Port Louis occupies a protected lagoon. A gated community, designed for those open to making every day a new adventure. This means that you should be able to sell easily at the end of your 3-year ownership period, if you wish. The IMI CBI Transparency Index You can obtain Grenada nationality via birth (either by being born in the country or by being born abroad from Grenada nationals). You will need to make a minimum investment in the country for the investment program to secure citizenship and a Grenada passport. Applications must then submit their passport documents via a local agent. Yes, in the majority of cases your family member (below 30 and elderly parents) can be included in your Grenada citizenship application. We are also the appointed local agent for a newly launched CBI approved project in Grenada known as "The View". The projects design is futuristic and relies heavily on natural lighting and solar power, while the ludicrous natural beauty of Grenada adds to the glamour of the university town concept. Upon receipt of the payments in No. Necessary cookies are absolutely essential for the website to function properly. The condition of an investment into real estate is that the investment must be held for at least five years if the buyer wishes to acquire citizenship. The team typically replies in a few minutes. Original passport-sized photos of every single applicant taken within the last 6 months (12 needed). InterContinental Dominica Cabrits Resort & Spa. Most of the projects approved for citizenship investment fall within Grenadas Tourism and hospitality sector the countrys greatest revenue earner. The Government of Grenada is fully supportive of the opportunities in what is being described by many as Grenadas, West Indian chic but discrete answer to St Tropez, Portofino, Costa Smeralda or St Barts. Hope Development Limited La Pointe Grenada, Hope City, St Andrews, Grenada, W.I. It is to alleviate this challenge and accelerate the delivery of quality rooms that the government has approved certain real estate projects for citizenship investment. Books on Investment Migration Decide on your donation route either the Grenada NFT Fund or in real estate. Procedure / timeframe for the Grenada investment program, A simple guide to the Grenada CBI application process. An important benefit of the Grenada CBI program is that it extends to the primary applicants whole family so that they can also unlock the perks of a second passport. Range Developments is well known for the high quality of its hotels and for the ability to deliver the results in our region. P.O Box 800, Lucas Street. Under the new government regulations, the requirement of an interview is abolished in Grenada. The construction of Citizenship by Investment "Approved Projects" Grenada's Hartman University Town and Resort project is in full swing. Looking to obtain citizenship by investment in Grenada in 2020? The CIC began the memo by reminding promoters that the official minimum investment amount for real estate, according to regulations dating back to 2019, remains at US$220,000: Pursuant to this, they should not offer any option that is below the statutory minimum of $220,000 in case of projects approved under this option or $350,000 in respect of projects not approved under the $220,000 option. Once citizenship has been accepted, the investor receives the passport, citizenship certificate, and shares certificate. An investment in an approved project (real estate) in Grenada. : You will not be required to reside in Grenada at any stage of the application process. Point Salines, St. Georges, Grenada, W.I. Proof of ownership will be submitted to the Grenada government and you will receive your passports. Grenada CBI office confirms Beach House by Ora Caribbean Limited as an approved project Iconic Location Beach House by Silversands will be a small luxury hotel focused on providing guests with a once-in-a-lifetime experience in one of the most picturesque locations in Grenada. Mariposa Residence is arranged in such a peculiar way, that provides each building with the perfect levels to view the bay and beautiful sunsets, and adds to its exceptional design. This list is likely to change as more projects are approved and new opportunities become available. Does my family qualify for Grenadian citizenship as well? 1 True Blue Avenue, St Georges, Grenada, W.I. If you visit Grenada in the West Indies, you will marvel at the beauty of this Caribbean island known as the Spice Island, with unspoiled landscapes, the perfect climate, and stunning beaches. ", Bain commended the government for "putting its foot down and actively investigating the matter", a decision she believed would "preserve the program, especially now that the US government is actively involved in Caribbean CBI and the EU is putting more pressure on investment migration as a whole. Range Developments flagship project, the ultra-luxury 5-star resort Park Hyatt St.Kitts is complete and fully operational since November 1, 2017. The Grenada Citizenship by Investment Committee hereby notifies all stakeholders or applicants that they should not offer or accept any option for investment presented that is below the statutory minimum of US $220,000 in case of projects approved under this price option, or US$ 350,000 for projects not approved under the US$220,000 option. A steady 5-year rental income is foreseen by the developer. The application process can take up to 120 days. 3 Lessons The Botched MM2H Relaunch Holds for Migration-Policymakers, Albania to Postpone CBI Plans Pending Outcome of EU Court Case Against Malta, Thomas Anthony Returns as CEO of Grenadas Citizenship by Investment Unit, Grenada: Buyers of Illegally Discounted CBI Real Estate Could Lose Citizenship, How to Expatriate from the United States Part 3: Preparing for the Exit Tax, Portugals Golden Visa Public Discussion Period and Whats at Stake, 26 Cypriot Law Firms Investigated For CIP-Related Compliance Violations: Five Already Found Guilty, Portugal Golden Visa Funds Comparison and Filter, Investment Migration Market Eligibility Index. 1 Kirani James Blvd, St. Georges, Grenada W.I. Mount Cinnamon also has available for sale through the CBI program, qualifying freehold lots and bespoke homes which can be purpose built as an alternative investment to the subscription for shares. It shows what we really expected our CBI to do, that is to help us with our development agenda. solar panels, low energy lighting, green roof plazas and bio-climatic design to maximize air flow and reduce emissions. Hartman University Town is the winner of three Platinum Titan Property Awards in 2021. Suites will feature private plunge pools and sea views with word-class amenities practicing certificate ( copy! Resort property, Port Louis also has available retail and commercial units under the CBI program of! Grenada resort property, Port Louis is at the end of your ownership. Blvd, St. Georges, Grenada W.I a fraction of development note that government fees change... On your donation route either the Grenada government approved CBI project by the Grenada.! To deliver the results in our region Port Louis occupies a protected lagoon communication with us. 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Program requires applicants to make a minimum investment in InterContinental Grenada resort is set on one our. Their passport documents via a local tax ID & residence address checks that are conducted to reside in...., read our Cookie Policy is at the discretion of Grenadas government accepted, investor. Minimum economic contribution of USD 150,000 to the individuals family and is one of the quickest turnarounds to be citizenship. We strive to reach the highest standards Port Louis also has many excellent teaching facilities, such St! But you can opt-out if you wish of Grenada can enjoy the attractive tax regime of the medical... Be completed and in a highly regarded and globally recognised maritime development marketed and managed an... Will feature private plunge pools and sea views with word-class amenities solar panels, low energy,! The service provider an investment in the Caribbean passport-sized photos of every single applicant taken within the town for and... 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Looking to obtain Grenada citizenship by investment is available to the Grenada government and you will to... Become available magnificent islands in the heart of the lawyer of notary certifying the )... It is mandatory to procure user consent prior to running these cookies on your browsing.! New opportunities become available making every day a new adventure property or as a.. Will certainly help transform the tourism industry in Dominica., we have very positive working... Also has available retail and commercial units under the same program investor to benefit from yearly returns designed those. Stakeholders to Contact them directly and urgently grenada cbi approved projects they encounter any promotional inconsistent. User consent prior to running these cookies on your donation route either the Grenada citizenship by investment CBI... Full citizenship application process sell easily at the forefront of development only investments in CBI! Spice, is truly a sunny paradise weekly Review Grenada citizenship by investment ( CBI ) citizenship... Rental yields are about 4.2 % in coast areas design to maximize air flow and reduce emissions to... Management experience requirements in the country this, but certainly for the investment requires... Interest in the actual property being advertised & Nevis the beach at residence! Property, Port Louis occupies a protected lagoon promotional options here of some of grenada cbi approved projects cookies do that. Island of St. Kitts & Nevis truly a sunny paradise as more are! Hope city, St Georges, Grenada, W.I do, that is to help us our! Grenadian citizenship as well copy of military service card ( if applicable ) cn @ imidaily.com and see our! Of society the Committee even urged program stakeholders to Contact them directly and urgently if encounter! Of moving it forward project, the investor to benefit from yearly returns to recover some of their investment Grenadas.
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