If you're looking to relocate to a tropical paradise, Grenada's real estate market is worth considering for residency. This Caribbean island boasts unspoiled natural beauty and an authentic lifestyle, earning it the nickname "Spice Isle" due to its organic chocolate and spices like nutmeg and mace. Furthermore, the Grenada Residency by Investment program was established in 2013 to allow global citizens to live, work, and explore this hidden gem, making it an attractive option for those seeking a new home in a stunning location.
Benefits of Investing in Grenada Residency by Investment
Investing in Grenada's real estate market for residency offers numerous advantages, here are 8 reasons why this investment opportunity is a no-brainer:
• Visa-Free Travel:
Grenada offers visa-free travel to over 115 countries, including all European Union member countries, China, Hong Kong, and Singapore.
• Dual Citizenship:
Grenada allows dual citizenship, enabling investors to maintain their existing citizenship while gaining residency in Grenada.
• Confidential Due Diligence Process:
The program has a confidential due diligence process that protects investors' personal information and privacy.
• Tax Benefits:
There are no taxes on income generated outside Grenada, making it a tax-efficient destination for investors.
• Minimal Processing Fees:
The program has minimal processing fees that are competitive with other citizenship-by-investment programs.
• No Interview, Education, or Management Experience Required:
It has no interview, education, or management experience requirements, making it accessible to a broad range of investors.
• No Residency Requirement:
There is no requirement to reside in Grenada before or after citizenship is granted, making it ideal for investors looking for a second home or vacation property.
• Established Investment Environment:
Grenada has a well-known, stable, and established investment environment, making it an attractive location for investors.
Investment Options
Investors seeking Grenada's residency have two investment options:
• The National Transformation Fund:
This is a one-time, non-refundable payment that finances various projects in Grenada, including tourism, agriculture, and alternative energy. The required contribution amount for the NTF ranges from US$150,000 to US$200,000, depending on the number of family members. In addition to the contribution, there are government fees, application fees, and due diligence fees.
• Government-Approved Real Estate Project:
Grenada's government has approved several real estate projects, including hotels, villas, and resorts, for investors seeking residency. The minimum investment amount for the approved project (real estate) route is US$220,000, and the property must be held for at least five years before it can be sold.
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St. John's, Antigua & Barbuda