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GRENADA

Citizenship by Investment

Popularly known as the Spice Island because of its myriad locally grown spices, Grenada offers one of the most picturesque waterfronts in all the Caribbean. The sublime scenery is but one of the many enticements to visit the three beautiful main islands. Diving, sailing, excellent restaurants, fabulous beaches, and a calendar of unforgettable festivities add to the many reasons why Grenada has become a preferred destination for many high net worth investors

QUALIFICATIONS

Grenada’s Citizenship by Investment Program was launched in 2013 under the regulations of the Grenada Citizenship by Investment Act.


To qualify for citizenship in Grenada, applicants must fulfill one of the investment options in addition to meeting the following criteria:

  • Be of outstanding character;
  • Hold no criminal record;
  • Have excellent health;
  • Have a high personal net worth

WHY CHOOSE GRENADA?

The Grenadian Citizenship by Investment Program provides the following prime benefits:

  • Fast processing within 4 months;
  • Inclusion of dependent children under 26;
  • Inclusion of dependent parents over 55;
  • No physical residency requirements;
  • No requirements to travel to Grenada during the application process;
  • No interview, education or managerial experience required;
  • Visa-free travel to over 100 countries, including Europe’s Schengen zone and China;
  • E-2 treaty signed between Grenada and the United States allows citizens of Grenada to operate a substantial business in the U.S. and reside therein;
  • No tax on worldwide income

INVESTMENT OPTIONS

The investment options for the Citizenship by Investment program of Grenada are as follows:

National Transformation Fund Donation
Applicants may donate a minimum of US$150,000 to Grenada’s National Transformation Fund. The minimum amount covers the main applicant only. For a family of up-to four people, the requirement is set at US$200,000.
An extra donation of US$25,000 is required for each
additional dependent. Donations can be transferred
in two installments.

Real Estate Investment
MOUNT CINNAMON SHARES
The development is situated on a lush hillside of almost two miles of white sand on Grand Anse Beach, which is recognized by some as one of the most beautiful
beaches in the world. The resort-hotel, looking towards the historic capital of St. George’s, sets the tone for an irresistibly elegant, yet intimate, relaxed beach hideaway.

Applicants may invest a minimum of US$350,000 for a family of up to four (main applicant, spouse and two qualifying dependents). An extra US$25,000 will be required for each additional dependent.

Mount Cinnamon covers the following costs for the main
applicant and spouse: due diligence, investment fee, government and application fees, passport and Oath of Allegiance fees, local escrow fees and related VAT and bank charges (up to US$3,500). Dependents are required to pay the fees listed above and applicable charges.

The opportunity to own shares of Mount Cinnamon is an invitation to become a citizen of Grenada, begin a long and fruitful relationship with the island and its culture, and contribute to its future.

MOUNT CINNAMON FREEHOLD
The new limited release of just 25 whole ownership condominiums will be available at US$450,000.
Ownership of these 484 sq.ft. fully furnished units is mandated for a period of 5 years after which the property can be sold or retained. In either circumstance
units would remain as a part of the hotel rental pool. For more details, please consult the project brochure

APPLICATION FEES

Arton’s Advisory fees are based on the number of dependents, country of origin, residence and other retained services, as well as service and legal fees related to the submission of citizenship and passport application for the main applicant. The advisory fees are nonrefundable and are payable in two equal installments.


All application fees charged by the Grenada government and by Arton are subject to change. Please contact us if you have any questions or need more information.


ADDITIONAL FEES
PROCESSING/APPLICATION FEES (NTF)

  • US$3,000: Main applicant.
  • US$3,000: Spouse and each dependent over 17, including parents over 55.
  • US$2,000: Dependent under 17.
    GOVERNMENT FEES (REAL ESTATE)
  • US$50,000: For a single applicant or a family of up to four dependents.
  • US$50,000: Additional dependent.
  • US$0: Dependent parent above 55.
    PROCESSING/APPLICATION FEES (REAL ESTATE)
  • US$3,000: Main applicant.
  • US$3,000: Spouse.
  • US$3,000: Dependent over 17, including parents over 65.
  • US$2,000: Dependent under 17.
    DUE DILIGENCE FEES
  • US$5,000: Main applicant/spouse.
  • US$5,000: Dependent over 17, including parents
    over 55.
  • US$8,000: Non accompanying spouse.
  • US$0: Dependent under 17.
    Additional passport issuance, Oath of Allegiance and
    bank fees (1%) are applicable

STEPS AND TIMELINE
The summarized timeline presented below is based on the required process for the citizenship by investment program in Grenada. The table breaks down the process into three basic steps.

STEP 1

File preparation stage. Arton Capital will verify all documents and complete due diligence.
Application fees are applicable at this stage.
Investing in the selected property development.
STEP 2
Submission of PR application and transfer of donation.
Submission of the citizenship application.
Naturalization Certificate is issued.
STEP 3
Submission of passport application.
Issuance of passport.

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