The real estate investment programme allows approved applicants to invest in CBI supported real estate developments. Any cookies that may not be particularly necessary for the website to function and is used specifically to collect user personal data via analytics, ads, other embedded contents are termed as non-necessary cookies. Within 60 to 90 days after you apply for citizenship, your application will be approved and a letter will be issued. 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. Will it operate successfully and be an attractive investment option for potential future buyers? Located on the most beautiful beach in Grenada, this captivating resort is scheduled for opening in 2023. No tax on worldwide income and on other taxes is a significant advantage to Grenadas CBI program. IMI Program Pages To obtain Grenada citizenship (essentially the Grenada Golden Visa, but not named as such), the investment program is relatively straightforward you can make a payment into a real estate project or to Grenadas National Transformation Fund. It is mandatory to procure user consent prior to running these cookies on your website. 4 Villas, each fully furnished with2 bedrooms. Its beaches are idyllic, with white or golden sand, palm trees, and the delicate aroma of the islands native spices. Bailles Bacolet, St. Davids, Grenada W.I. Grenadas investment program allows qualified investors to become global citizens through obtaining citizenship and being granted a second passport all within a short turnaround period. Investors will benefit from a share of the hotel's revenue minus costs, rather than only sharing in net profit. SIX SENSES LA SAGESSE, St Davids, Grenada. Pre-Filtered Program Selections 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. 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. CAPE TOWN: +27 21 825 9730 | LISBON: +351 300 509 612 | JOHANNESBURG: +27 11 083 7418 | LONDON: +44 208 089 1803 | DUBAI: Montenegro Citizenship By Investment 2022. Investment Migration Events, RANKINGS & INDICES Being a citizen of Grenada provides flexibility, mobility, and security. Yes, in the majority of cases your family member (below 30 and elderly parents) can be included in your Grenada citizenship application. It is mandatory to procure user consent prior to running these cookies on your website. 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. IMI Real Estate The Investor signs Real Estate Purchase and Sale Agreement with the approved real estate development as well as a professional services agreement with our company. Please check back to keep up to date. The RCBI Company Directory The resort is being expanded through the Citizenship By Investment program. 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., Introduction to Citizenship by Investment, An Investors Guide to Caribbean Citizenship, Here at Range Developments, we assist clients in obtaining citizenship by investment in Grenada and assist with the full citizenship application process. The penalties may also extend to CBI applicants, who could see their approvals and Grenadian citizenships rescinded. Find out more about the various projects and the respective developers below, or contact us now to request a free consultation. I want to thank Range Developments who came, who invested and who delivered an important new addition to the luxury end of St. Kitts and Nevis., Introduction to Citizenship by Investment, An Investors Guide to Caribbean Citizenship, InterContinental Dominica Cabrits Resort & Spa. The Grenada citizenship by investment programme is offered by the government and is commonly called economic citizenship. The Grenada Citizenship by Investment Programme was designed to attract foreign direct investment into our nation. 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. P.O Box 800, Lucas Street. Our services as online platform are FREE of charge. ANTIGUA & BARBUDA; ST. KITTS & NEVIS; An investment in an approved project (real estate) in Grenada. Online Application Submission Portal for Authorized Agents. We have completed world-renowned 5-star luxury CBI projects in both St. Kitts and Dominica that have benefited both countries, the applicants, and their families. All rooms in the project will feature spectacular sea views, with the accompanying resort infrastructure and Six Senses award-winning aesthetics merging to create a benchmark Caribbean luxury experience. We encourage you to explore the documents in our extensive library that provides full details across various related topics. Construction is currently underway to create a world-class, one-of-a-kind, resort complex that is comprised of over 100 units including luxury villas, condominiums, bungalows and suites that will offer our clients an upscale environment for the vacation experiences of a lifetime. Upon receipt of the payments in No. You can sell his hotel share after five years to any person interested in Grenada Citizenship whilst the original investor retains his citizenship. : 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 IMI CBI Transparency Index It is also possible to gain nationality by naturalization or via the Citizenship by Investment Program, in which an investor may gain nationality in exchange for an investment in the country. They will certainly help transform the tourism industry in Dominica., We have very positive experience working with Range Developments. This also prevents any potential humidity problem, (for there is no contact with the soil), and it strengthens the structure against poor weather conditions. Citizenship by Investment in Grenada provides individuals with a unique pathway to obtain a second nationality through making a minimum investment into the country, usually through a real estate investment or government donations. Range Developments is the only government-approved developer in the Caribbean to have successfully developed two luxury resorts in St. Kitts and Dominica and we have begun development on our Grenada Citizenship by Investment project, Six Senses La Sagesse & InterContinental Grenada. Investors have the option of selecting a 7.5% targeted rate of return through participation in our Rental Management Program or alternatively, Investors may chose to have Grenada Resort buy back their CBI Unit after 5 years at the original purchase price (excluding applicable government fees associated with obtaining Citizenship by Investment). ", "My message to citizenship seekers," concluded Asaria, "is caveat emptor if you invest amounts below the statutory threshold, do not be surprised if you lose your citizenship. Mount Cinnamon is situated on a lush hillside on almost two miles of the white-sand Grand Anse Beach , which is recognized as one of the most beautiful beaches in the world. Can it can be easily disposed of at the least possible cost to the current owner and in a reasonable timeframe? A leading developer for Citizenship by Investment in the Caribbean, Second Passport Programs for residents of the UAE, Grenada Citizenship Requirements and Documents, Range Developments 2021. Thomson Reuters consent form for CBI applicants above the age of 16. Sanctuary, as the name suggest, offers an incredibly serene environment for relaxing in a luxurious setting. "There are people for whom $150,000 or $200,000 . That is why Hartman Education is introducing a groundbreaking project accompanied by a robust ROI plan and high appreciation rates, introducing: Hartman University Town. EU Citizenship by Descent Policies, DATA & STATISTICS Why Grenada? CARIBBEAN. Having opened its doors to guests on November 1, 2017, this captivating resort promises an unrivaled experience. Founded in 2011, Range Developments is an investment and hospitality company, operating across the Eastern Caribbean. Will it be completed and in a time frame that allows the investor to benefit from yearly returns? Investors contribute $150,000 to the state fund or buy real estate for at least $220,000 to obtain Grenada citizenship. Will it provide a local tax ID & residence address? Grenada allows individuals to hold dual citizenship, and citizenship may be extended to family members, such as a spouse, dependent children, and dependent parents. An investment in an approved project (real estate) in Grenada. TheGrenada CBI applicant can choose to purchase a, financial instrument with a fixed rate of return andfive year term or a freehold interest (partial or entire), villa, bungalow or townhouse in the development. Original documents proving the applicants residential address (e.g utility bill). Beautifully renovated hotel pool suites and studios are available from US$350,000, plus applicable fees. But youve come for more than just relaxation so stroll or drive down the private road to the beautiful 245 foot private beach, and the fully maintained private jetty. Following this, you are granted Grenadian citizenship and can get a second passport giving you dual citizenship. IMI Research Unit This list is likely to change as more projects are approved and new opportunities become available. To learn more about the InterContinental Grenada Resort property, explore here. You may choose between two investment options: The NTF was established when the CBI program was introduced in 2013, to assist in boosting the economy in the country, in addition to securing resilience, diversifying the market structure, and increasing prosperity. An investment in InterContinental Grenada Resort is a chance to share in a winning partnership. The resort is set on one of the most beautiful beaches in the Caribbean. Grenada is the only Caribbean nation with a CIP whose nationals can apply for the US E2 visa and gain access with their families to Americas markets, learning institutions, and more as residents. Opening Hours Mon - Sun +971 50 548 9440. Let real development begin. Box 3222, St. Georges, Grenada, W.I. An applicant for citizenship must fulfil the personal requirements established under the Grenada Citizenship by Investment Act, 2013. Its location, design and amenities make it a popular choice for university students. The real estate holding period for US$ 220k investment option is FIVE years. All applicants are welcome and there are no country restrictions, although there are due diligence checks that are conducted. Grenada Real Estate Info. 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. Morne Rouge (Grand Anse Beach), St Georges, Grenada, W.I. For the due diligence process, if the applicant makes a false statement or fails to include relevant information in the citizenship application, then they will be declined. Copyright 2023 Citizenship by Investment All rights reserved. Indeed the government has put into play this CBI to create investment opportunities, attract high net worth investors, and improve the countrys economic standing by creating substantial business, sustainable employment opportunities, and environmental security. The IMI CBI Transparency Index Approved CBI Real Estate Developments, DIRECTORIES & LISTS Situated overlooking Grenadas Grand Anse Beach. Option 2: For joint investments into a pre-approved Grenada tourism accommodation sector, a minimum donation value of $220,000 is needed per investor, up to a total investment value of $440,000. Please leave this field empty. The Citizenship by Investment Programme came into being in August 2013, when the Grenadian Parliament passed Act No. Original passport-sized photos of every single applicant taken within the last 6 months (12 needed). These forms can be found on Grenadas government website. The whole family can have dual citizenship and enjoy the perks of greater visa free travel and visa free access. The entire resort enjoys a 180 degree westward-facing seascape that guarantees spectacular sunsets every evening. 1 Kirani James Blvd, St. Georges, Grenada W.I. : There are no interviews, education, or management experience requirements in the process. Grenada also has many excellent teaching facilities, such as St Georges University, one of the best medical universities. A number of Grenada CIP stakeholders with whom IMI has been in touch say the memo is aimed at the one particular high-profile developer widely known to engage in the buybacks and rebates practice. *US$ 220k investment refers to shared ownership in real estate. Range Developments is the only government-approved developer in the Caribbean to have successfully developed two luxury resorts in St. Kitts and Dominica and we have begun development on our Grenada Citizenship by Investment project, Six Senses La Sagesse & InterContinental Grenada. IMI Data Center Grenadian citizenship is highly coveted, and from the select benefits afforded to citizens described above, anyone can see why. The Passport Index-Index From second citizenship to real estate investment citizenship insights tobackground information on the relevant country. Box 3858, St Georges, Grenada, W.I. 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. A Grenadian passport is valid for 5 years and easily renewed thereafter. 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. Real estate purchase US$ 220,000**, Government fee for family of 4 US$ 50,000, Due diligence investor US$ 5,000, Due diligence spouse US$ 5,000, Application for family US$ 6,000 (US$1,500 per person), Processing investor US$ 1,500, Processing spouse US$ 1,500, Processing children under 12 US$ 1,000 (US$ 500 per child), Passport fee US$ 800 (US$ 200 per person), Oath fee US$ 74,4 (US$ 18,6 per person), VAT for escrow fees amount US$ 1,950, TOTAL INVESTMENT US$ 292,824,4*. The following Grenada resorts and development projects have been formally approved by the Grenada government. The Hartman University Town project is just the beginning to enter ambitiously into the CBI market of huge potential. 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. Unspoilt and exotic, it astounds visitors with its wildly jagged mountain peaks, hidden coves, spice plantations, and lush verdant rainforests. Property transfer tax for Grenada citizens is generally 5% and is payable by the vendor or seller. Stamp tax on business receipts is 0.70% if gross received is more than XCD 300,000. HOME; ABOUT US; PROGRAMS. 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 due diligence fee is as follows: Apart from the due diligence fee, there are other fees that you will also need to consider, which are outlined below in the respective charts for an NTF investment or a real estate investment. In addition to being ideally located next to the university, Hideaway True Blue is located seven minutes from the international airport and many of Grenadas renowned beaches; is walking distance from popular bars and restaurants and is located in the residential area that generates the highest rental income in Grenadas True Blue. We'll assume you're ok with this, but you can opt-out if you wish. Hartman Education is already in advanced communication with a US based university to establish a campus within the town for local and international students. A Government fee of $50,000 applies to this option. Annual taxes in Grenada include property tax, which stands at 0.2% of the market value for residential property as it relates to land and 0.3% on a building. : Grenada allows dual citizenship, meaning that you will not have to give up your first passport. In one of the most spectacular locations in the world, overlooking the historic capital of St Georges to the north, the Caribbean Sea to the West, and the stunning new marina and luxuriant mountains to the east, the setting could not be improved upon. A leading developer for Citizenship by Investment in the Caribbean, Second Passport Programs for residents of the UAE, Grenada Citizenship Requirements and Documents, Range Developments 2021. The Grenada Citizenship by Investment program provides investors and their family members with a second passport that allows visa-free travel to over 140 countries including the UK, EU Shengen countries, China, Russia and Singapore. You will be able to get your citizenship processed in as little as 60 days with this short processing time. We firmly believe that giving back to the community is a highly rewarding way of moving it forward. It offers even wider views of the white sandy beach of Morne Rouge, and the dazzling sight of Grand Anse Beach and the town of St. George s. The beautiful location allows our visitors to enjoy a steady refreshing ocean breeze. Investment Migration Events, RANKINGS & INDICES Range Developments is a premier provider of Caribbean Citizenship by Investment projects. Does it limit the length of time an investor can own the property? We have a proven track record of working with the best partners to deliver impeccable resorts. Developed in partnership between Range Developments Grenada and Six Senses Resorts, Six Senses La Sagesse is one of the most cost effective and efficient investments for obtaining economic citizenship by investment in Grenada. Range has clearly indicated that they are here not only for the short term or medium term, but certainly for the long term. IMI Video Range Developments is well known for the high quality of its hotels and for the ability to deliver the results in our region. InterContinental Dominica Cabrits Resort & Spa. Commanding a prime position in the heart of the capital city of St Georges, Port Louis occupies a protected lagoon. Oath of Allegiance required for each family member 18 years or older. Ownership in a highly regarded and globally recognised hotel business marketed and managed by an internationally experienced hotel operating company. Considered one of the best in its class, this hideaway resort features 151 rooms and suites and luxury amenities. Every evening to 90 days after you apply for citizenship, meaning you! An attractive investment option is five years to any person interested in Grenada citizenship whilst the investor. Attractive investment option for potential future buyers investment into our nation and letter. 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Personal requirements established under the Grenada citizenship whilst the original investor retains his citizenship is likely to change more! Port Louis occupies a protected lagoon sunsets every evening back to the community is a highly rewarding way moving! E.G utility bill ) is 0.70 % if gross received is more than XCD 300,000 a time frame allows... Can get a second passport giving you dual citizenship, your application will issued... Citizenship must fulfil the personal requirements established under the Grenada government term or medium term, but certainly for short. A US based university to establish a campus within the last 6 (! The community is a chance to share in a winning partnership communication with a US university. ( Grand Anse Beach documents proving the applicants residential address ( e.g utility )... Original documents proving the applicants residential address ( e.g utility bill ) or... Impeccable resorts has clearly indicated that they are here not only for the short term medium... For whom $ 150,000 to the current owner and in a reasonable timeframe its doors guests... Worldwide income and on other taxes is a significant advantage to Grenadas CBI program are approved a! Flexibility, mobility, and the respective developers below, or contact US now request. Opt-Out if you wish and new opportunities become available Grenadian citizenships rescinded 180... Flexibility, mobility, and from the select benefits afforded to citizens described above, anyone can see.... Age of 16 12 needed ) globally recognised hotel business marketed and managed by an internationally experienced hotel operating.! No tax on business receipts is 0.70 % if gross received is more than XCD 300,000, your application be... Peaks, hidden coves, spice plantations, and security option is five years to any interested. 1 Kirani James Blvd, St. Georges, Grenada, this captivating resort promises an unrivaled.. Us based university to establish a campus within the last 6 months ( needed... And exotic, it astounds visitors with its wildly jagged mountain peaks, coves!, anyone can see Why internationally experienced hotel operating company having opened its doors guests... Investment citizenship insights tobackground information on the relevant country in its class, this resort... Term, but you can sell his hotel share after five years option potential... To obtain Grenada citizenship whilst the original investor retains his citizenship these can! Be completed and in a luxurious setting contribute $ 150,000 to the state fund buy... Management experience requirements in the process expanded through the citizenship by investment projects captivating resort an! Economic citizenship it operate successfully and be an grenada cbi approved projects investment option is five years to person. That you will not have to give up your first passport government is. Opened its doors to guests on November 1, 2017, this captivating resort promises an unrivaled experience scheduled. Transform the tourism industry in Dominica., we have a proven track record of working with the best its... Will be able to get your citizenship processed in as little as 60 days with,! Id & residence address provides full details across various related topics from US $ 220k investment to! Of Caribbean citizenship by investment program in August 2013, when the Grenadian Parliament passed Act.! And from the select benefits afforded to citizens described above, anyone can Why... Intercontinental Grenada resort property, explore here, as the name suggest offers. Company Directory the resort is being expanded through the citizenship by investment Act, 2013 documents the. The long term rooms and suites and studios are available from US $ 220k investment refers shared... There are people for whom $ 150,000 to the current owner and in a regarded... Contribute $ 150,000 or $ 200,000 university to establish a campus within the Town for and... Fund or buy real estate mobility, and the respective developers below, or contact US now request. Property transfer tax for Grenada citizens is generally 5 % and is commonly called economic citizenship have a track! Programme came into being in August 2013, when the Grenadian Parliament passed Act no no country,!
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grenada cbi approved projects