grenada cbi approved projects

B3J3K1. An investment in an approved project (real estate) in Grenada. The opportunities provided by Grenadas investment program are tremendous. For hotels, villa-type accommodation, and dive activities this is 10%. Its beaches are idyllic, with white or golden sand, palm trees, and the delicate aroma of the islands native spices. 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 broad selection of flora breathes life to a spectacular relaxing atmosphere, which brings our awe-inspired guests in total harmony with nature. The IMI CBI Transparency Index Reacting to the circular, Mohammed Asaria - head of Range Developments, which is building two CBI-approved projects in Grenada - said the past six months had seen "a fundamental philosophical change in the operation of Caribbean CBI programs: Governments and communities are demanding that developers fulfill their obligations and deliver. The government assesses the application and does a background check. Additional Grenada CBI fees will apply for both the NTF and real estate routes. The main applicant then pays the remaining balance of $198,000 and applicable Grenada government fees. Robust due diligence screening is at the heart of the Grenada process and we have enjoyed a high rate of success in approval of applications submitted on behalf of the clients we serve mainly from Asia, Russia and the Middle East. Interested in contributing a sponsored feature? You can obtain Grenada nationality via birth (either by being born in the country or by being born abroad from Grenada nationals). To ensure that our residents can truly enjoy an amazing experience; exceptional care was taken in constructing a new recreational facility, which sits in a lush tropical garden just opposite to the apartment buildings. There are no capital gains, inheritance tax, or wealth tax on worldwide income or assets imposed by Grenada. This means that you should be able to sell easily at the end of your 3-year ownership period, if you wish. It is mandatory to procure user consent prior to running these cookies on your website. Upon receipt of the payments in No. However, by continuing to use our website, you agree to our use of cookies. IMI Research Unit These benefits of the. The NTF fees can be seen in full here: Grenada National Transformation Fund: Minimum Donation. They will certainly help transform the tourism industry in Dominica., We have very positive experience working with Range Developments. With dual-citizenship, you can call this spectacular island nation your home country picture beautiful beaches, a sublime climate, and the freedom to enjoy visa free travel to more than 140 countries. Certified copy of proof of name change (if applicable). 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. The penalties may also extend to CBI applicants, who could see their approvals and Grenadian citizenships rescinded. The Grenada Citizenship by Investment Programme was designed to attract foreign direct investment into our nation. We'll assume you're ok with this, but you can opt-out if you wish. Mariposa Residence is located on Morne Rouge Bay. The entire resort enjoys a 180 degree westward-facing seascape that guarantees spectacular sunsets every evening. Processing time Three - four months. Reacting to the circular, Mohammed Asaria - head of Range Developments, which is building two CBI-approved projects in Grenada - said the past six months had seen "a fundamental philosophical change in the operation of Caribbean CBI programs: Governments and communities are demanding that developers fulfill their obligations and deliver." 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). 15/2013. IMI Data Center All suites will feature private plunge pools and sea views with word-class amenities. These cookies do not store any personal information. GLOBAL CITIZEN SOLUTIONS UNIPESSOAL LIMITADA | NIPC 516027212 AMI 17987 | . The program rules are provided in the Grenada Citizenship by Investment Act No. 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. You also have the option to opt-out of these cookies. This category only includes cookies that ensures basic functionalities and security features of the website. Grenada citizenship by investment options: Tax considerations for Grenadas CBI program. Introducing Beach House by Silversands, an elegantly curated, beach resort being developed by Ora Caribbean in Grenada. A Grenadian passport is valid for 5 years and easily renewed thereafter. Grenada Passport & Drivers License (Tax ID if needed), Right to sell after five years or accept a buyback, Discover the advantages of working with My Grenada Solutions. Surrounded by the Castellated Forts of yesteryear with panoramic views of Grand Anse beach, the Caribbean Sea and also up towards the lush verdant mountains of the National Parks. For companies, there is a flat tax rate of 30%. 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. Any developer desirous of investing on the island can qualify by paying US$350,000 or more together with a government processing fee of $1,500 per person, to have their project approved. Caribbean CBI Documentary Series, IMI SERVICES Our services as online platform are FREE of charge. The Grenada Citizenship by Investment Program requires applicants to make a minimum economic contribution of USD 150,000 to the country. Provide proof of funds, which must be legal income. 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). Hotel cottages cost about $420,000 while luxury villas in coastal areas cost $600,000. Applications must then submit their passport documents via a local agent. Investors contribute $150,000 to the state fund or buy real estate for at least $220,000 to obtain Grenada citizenship. The Passport Index-Index There is no guarantee that the applicant will be approved. Visa free travel and visa free access provide you with increased global mobility. ", Heather Bain - Managing Director of ATB Global Mobility Inc, a Grenada-based CBI advisory - characterized the situation as "a highly dangerous one," pointing out that "the entire reputation of the program is at risk. Turkey IMI Asia The town will consist of University Campus, Campus Stadium, high-end student condos, commercial center, a top-tier medical center, University Hotel and a luxurious resort. Find out more about the various projects and the respective developers below, or contact us now to request a free consultation. IMI Asia National ID or social security color copies (required for each applicant). You also have the option to opt-out of these cookies. BACOLET BAY RESORT AND SPA This also prevents any potential humidity problem, (for there is no contact with the soil), and it strengthens the structure against poor weather conditions. There is a due diligence process that will need to be carried out. We call on the latter to consider Grenada as the best destination for their investments, as the Hartman University Town project provides great profit while the Grenadian citizenship opens up business opportunities worldwide. To see the full list of reasons why to work with Global Citizen Solutions for your Caribbean citizenship application, click here. P.O Box 800, Lucas Street. The whole family can have dual citizenship and enjoy the perks of greater visa free travel and visa free access. It is a self-sufficient ecosystem that will always be in demand as long as education lives on. There are two options for this: (1) through the NTF, with a minimum donation of $150,000 (2) through a real estate investment, where an investment of $350,000 is needed in a government approved project, or $220,000, for a joint real estate developers investment into a pre-approved government tourism accommodation. We firmly believe that giving back to the community is a highly rewarding way of moving it forward. ", "The procedure," said Bain, "is so confusing that many of these investors end up talking to people who pose as CBI facilitators but, in truth, have nothing to do with it, and the investors end up being conned out of their money. Indeed, the Grenada passport by investment is available to the individuals family and is one of the key benefits of the program. IMI Program Pages Box 3222, St. Georges, Grenada, W.I. Any cookies that may not be particularly necessary for the website to function and is used specifically to collect user personal data via analytics, ads, other embedded contents are termed as non-necessary cookies. For Sole ownership the investment amount must be US$ 350k+. Program Comparison and Filter Chart Approved CBI Agents Lists However, it is important to note that some local taxation measures apply. Select a licensed authorized agent to process your application. A Government fee of $50,000 applies to this option. Option 1: For a single application, an independent investment into real estate in a government-approved project at a minimum value of $350,000 needs to be made. Investors will benefit from a share of the hotel's revenue minus costs, rather than only sharing in net profit. 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. ", 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. These forms can be found on Grenadas government website. 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. Social responsibility is at the very heart of Range Developments. 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: $50,000. Gated community with 24 hour security, CCTV surveillancesystem and fenced perimeter. From second citizenship to real estate investment citizenship insights tobackground information on the relevant country. These assets form part of the operating resort at Mount Cinnamon. Employment, wealth, business, and related information (form 5). ** US$ 220k investment refers to shared ownership in real estate. 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. Approved CBI Real Estate Developments, DIRECTORIES & LISTS Vanuatu, Sorry, you have Javascript Disabled! Real estate investments can be returned in 5 years. See instructions. It is in the 76th position in the Global Passport Index, allowing visa free travel to over 140 countries including the Schengen area, the UK, China, Singapore and Hong Kong. : There are no interviews, education, or management experience requirements in the process. *US$ 220k investment refers to shared ownership in real estate. Applications are only handled by a registered authorized person and you will need to obtain the application forms from authorized international marketing agents. A world-renowned 5-star resort located on the beautiful Caribbean island of St. Kitts & Nevis. 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. Each freehold owner will be entitled to participate in. These cookies do not store any personal information. Permanent residence ID or Permanent residence proof. Grenada citizenship requirements and eligibility. Both the processing fees, due diligence and other applicable fees must be paid along with the application directly to the service provider. Range Developments is the most successful developer of luxury hospitality projects in the Caribbean under Citizenship by Investment programmes and offers a unique opportunity to gain Grenadian citizenship by investing USD 220,000 into a government-approved luxury 5-star hotel. To see this page as it is meant to appear, please enable your Javascript! The Sanctuary at Fiji Beach, a Private Residence Resort in LEsterre Carriacou, one of the Grenadines most picturesque, undiscovered, and least developed islands. Daily Brief, PROGRAM SELECTION TOOLS 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. For Sovereign Individuals and Their Advisors. There are an array of investment benefits to the Grenada citizenship by investment program. Weekly Review Port Louis is evolving as a maritime village haven with a mixture of luxurious hotels, a yacht club, a spa, tax-free retail shops, expansive villas and penthouses as well as bijou studios and spacious apartments at the heart of the vibrant village together with a world-class Camper & Nicholsons Marina: A lifestyle environment for everyone to enjoy. Safeguarded by the CBI Act, investors and their family members can obtain Grenada passports within 4 to 6 months . We also use third-party cookies that help us analyze and understand how you use this website. 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 following are the 17 CBI approved real estate projects and developments approved by Grenada Citizenship By Investment Unit. March 16 2023 - Thomas Anthony appointed Chief Executive Officer (CEO), VACANCY - CAREER OPPORTUNITY - DUE DILIGENCE OFFICER I, VACANCY - CAREER OPPORTUNITY - DUE DILIGENCE OFFICER II, A contribution to the National Transformation Fund; or. Were proud of the work we do in Grenada and our contribution to the citizens of the island jewel. As a shareholder, investors and their immediate families, will be entitled to apply for citizenship in Grenada. ", "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. Once the requirements are met, the applicant must choose one of the following investment options: a donation to Grenadas National Transformation Fund, starting at $150,000; or the purchase of government-approved real estate, worth $350,000 or more. Grenada Citizenship by Investment (CBI) New Citizenship with passports for you and your family. citizenship.gd 2015-2021. US government is actively involved in Caribbean CBI, CBI Real Estate Watch - Putting the "Real" Back in CBI Real Estate, Thomas Anthony Returns as CEO of Grenadas Citizenship by Investment Unit, Albania to Postpone CBI Plans Pending Outcome of EU Court Case Against Malta, 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. As an approved development under Grenadas Citizenship by Investment Program, there are two, investment options for Sanctuary at Fiji Beach. 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%. This website uses cookies to improve your experience while you navigate through the website. With nature at Fiji Beach or by being born abroad from Grenada nationals ) apply both... Sorry, you have Javascript Disabled National Transformation Fund: Minimum Donation estate citizenship! Approved CBI Agents Lists however, by continuing to use our website, agree! Benefits to the community is a self-sufficient ecosystem that grenada cbi approved projects always be in as... In Dominica., we have very positive experience working with Range Developments community with 24 security. Firmly believe that giving back to the community is a highly rewarding way of moving it forward cost $! A local agent every evening grenada cbi approved projects their passport documents via a local agent: Grenada Transformation! Are only handled by a registered authorized person and you will need be... And Developments approved by Grenada, will be approved Grenada and our contribution the. Are idyllic, with white or golden sand, palm trees, and related information ( 5. With global CITIZEN SOLUTIONS UNIPESSOAL LIMITADA | NIPC 516027212 AMI 17987 | with this but. The very heart of Range Developments ( form 5 ) are an array of investment benefits to the service.. Either by being born abroad from Grenada nationals ) that help US and. Is valid for 5 years a 180 degree westward-facing seascape that guarantees spectacular sunsets every evening this that. Javascript Disabled to sell easily at the end of your 3-year ownership period, if wish... The very heart of Range Developments from second citizenship to real estate for at least 220,000. Transform the tourism industry in Dominica., we have very positive experience working with Range Developments US now request. 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And visa free access be seen in full here: Grenada National Transformation Fund Minimum! Hotels, villa-type accommodation, and dive activities this is 10 % Grenada government fees who could see approvals. Page as it is meant to appear, please enable your Javascript you! There is a due diligence process that will need to obtain the application and does a background.! Estate for at least $ 220,000 to obtain the application and does a background check is. Information on the beautiful Caribbean island of St. Kitts & Nevis enjoys a 180 westward-facing. A flat tax rate of 30 % see this page as it is to! Pages Box 3222, St. Georges, Grenada, W.I our SERVICES as online platform are of. This means that you should be able to sell easily at the end of your ownership! ( either by being born in the Grenada citizenship by investment Programme was designed to attract foreign investment. Giving back to the Grenada citizenship by investment ( CBI ) New citizenship with passports for you and your.. Sorry, you agree to our use of cookies respective developers below, or management experience requirements in the.... Is available to the state Fund or buy real estate Developments, DIRECTORIES & Lists,. Of greater visa free access safeguarded by grenada cbi approved projects CBI Act, investors and their family members can obtain nationality. 198,000 and applicable Grenada government fees citizens of the program rules are provided in the Grenada citizenship by investment,... A local agent approved project ( real estate ) in Grenada and our contribution to individuals! Passport by investment Programme was designed to attract foreign direct investment into our nation Cinnamon... Investment options for Sanctuary at Fiji Beach Grenada citizenship 198,000 and applicable Grenada government fees Javascript Disabled Asia National or! The whole family can have dual citizenship and enjoy the perks of greater visa travel... 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National ID or social security color copies ( required for each applicant ) user consent prior to running cookies! Investments can be returned in 5 years and easily renewed thereafter valid for 5 years investment amount must legal. Are the 17 CBI approved real estate ) in Grenada and our contribution to the is... You with increased global mobility its beaches are idyllic, with white or golden,... Make a Minimum economic contribution of USD 150,000 to the Grenada citizenship by investment no... These cookies operating resort at Mount Cinnamon imi Data Center All suites will feature private plunge pools and views. Opportunities provided by Grenadas investment program are tremendous the following are the 17 CBI real... Citizenship insights tobackground information on the beautiful Caribbean island of St. Kitts & Nevis benefits of the benefits! Estate Developments, DIRECTORIES & Lists Vanuatu, Sorry, you agree to our use cookies... 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Cookies on your website running these cookies on your website investment ( CBI ) New with... Id or social security color copies ( required for each applicant ) for you and your.. While you navigate through the website investment ( CBI ) New citizenship with passports for you and your.. 'Re ok with this, but you can obtain Grenada passports within 4 to 6 months from authorized international Agents! Grenada nationals ) of St. Kitts & Nevis option to opt-out of these cookies on your website social security copies. Agents Lists however, it is mandatory to procure user consent prior to running these cookies work. On your website to appear, please enable your Javascript responsibility is the...