Grenada’s Citizenship by Investment Programme allows individuals and their families to obtain citizenship against purchasing a property in Grenada worth $350,000 plus payment of various registration and citizenship fees.
Grenada property market is expected to expand by 1.8% in 2016 due to increasing number of foreign buyers. Hotel cottages cost about $420,000 while luxury villas in coastal areas cost $600,000. The average prices per square foot cost $200 to $500 depending on the location. The rental yields are about 4.2% in coast areas. The residential areas of Mount Cinnamon, Prickly bay, Port Louis cost around $700 to $1000 per sq.ft while at Four seasons are very expensive almost double $1700 per sq.ft
Under the real estate investment option, one has to buy a Government approved real estate project developments such as approved project consists of real estate developments luxury hotels, resorts, and villas worth atleast USD 350,000. You must hold the real estate 5 years.
Citizenship fees for Real estate
|REAL STATE OPTION||Single Applicant||Main Applicant + Spouse||Family of four family members||Family over four family members|
|Required Contribution Amount||USD 350,000||USD 350,000||USD 350,000||USD 350,000|
|Government Fee||USD 50,000||USD 50,000||USD 50,000||USD 50,000 and USD 25,000 per additional dependant after the third dependant|
|Application Fee||USD 1,500||USD 1,500 per person||USD 1,500 per person||USD 1,500 per person|
|Due Diligence Fee||USD 5,000||USD 5,000 per person||USD 5,000 per person aged 18 and over, USD 2,000 for each dependant aged between 12-17||USD 5,000 per person aged 18 and over, USD 2,000 for each dependant aged between 12-17|
|Processing Fee||USD 1,500||USD 1,500 per person||USD 1,500 per person aged 18 and over, USD 500 for persons under 18||USD 1,500 per person aged 18 and over, USD 500 for persons under 18|
Approved Real Estate Projects
|GRENADA SUSTAINABLE AQUACULTURE LIMITED|
|GRENADA RESORT COMPLEX LTD|
|HIDEAWAY TRUE BLUE|
|HOPE DEVELOPMENT LTD|
|LEVERA BEACH RESORT|
|THE POINT AT PETITE CALIVIGNY, C&C GRENADINES LTD|
|THE SANCTUARY AT FIJI BEACH|
There are no reviews yet.