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30 June, 2022

New InterContinental hotel in Grenada: how to buy a share and get citizenship of the country

Grenada is offering a new citizenship investment property, the InterContinental Grenada Resort. Construction will begin in summer 2022.

We tell you what is known about the new project and why investors prefer to buy property in Grenada.

Grenada citizenship by investment in real estate: a new hotel for the citizenship program
Photo: Adobe Stock

Grenada has a citizenship program for investors. To obtain a passport, program participants make a non‑refundable contribution to a government fund or purchase government‑approved real estate.

The list of objects is periodically updated and published on the official website of the program. Projects are popular with investors. For example, in the Six Senses La Sagesse hotel, investors have already bought out all the shares.

In the summer of 2022, Grenada announced the construction of a new project – the InterContinental Grenada Resort. The project is approved by the Government and is eligible for participation in the program. The opening of the hotel is scheduled for 2025.

Investors can already buy a $220,000 stake in it. When the construction is completed, investors will begin to receive income from 2 to 5% per annum.

2—5% per annum
Will be an additional income for the investor if he buys a share in the hote

After 5 years of ownership of real estate, the investor will be able to sell the share to another participant in the program.

Investors over the age of 18, with no criminal record, with legal income and in good health can take part in the Grenada Citizenship Program. The program department also accepts applications from citizens of Russia and Belarus, provided that they are not subject to EU, US or other sanctions.

What is known about the resort InterContinental Grenada

The hotel complex will be located in the southeast of the island of Grenada, in the district of St. David. 50 meters from the complex is the beach of La Sages and the bay of the same name. This is the epitome of resort Grenada: the alternation of white, gray and black sand on the beach, tropical palm trees around and a calm warm ocean.

The road from the complex to Maurice Bishop International Airport and the capital of Grenada - St. George's - will take about 30 minutes by car.

The InterContinental Grenada Resort will have 150 rooms, 30 of which are suites. Restaurants, bars, spa and fitness centers, as well as a swimming pool with an adjacent grill area will be built on the territory of the complex.

The hotel rooms will offer views of the Atlantic Ocean and mountains. Almost 560 m² of the complex will be used for conference halls and business centers. A shady garden will be planted nearby, in which they plan to break small reservoirs.

New property in Grenada to participate in the citizenship program

This is what the hotel complex will look like after construction is completed. The architecture is being developed by Simeon Halstead + Associates.

Grenada citizenship by investment: new real estate for investors

The rooms for the future hotel were designed by Rana Nasr, designer and CEO of Bleu Design Consultants

Grenadian citizenship by real estate investment

A swimming pool with a pool bar and a grill area will be equipped on the territory of the complex

Sale of a new property in Grenada: citizenship by investment

The hotel will have a business center: guests will be able to hold meetings, conferences, forums

What will an investor get by buying a share in a new project

Second citizenship for the whole family. Together with the investor, his relatives can participate in the program:

  • spouse or husband;
  • children under 30;
  • parents;
  • siblings over 18 years of age.

Freedom of movement around the world. The Grenada passport provides visa-free access to 144 countries, including the Schengen states, the UK and China.

Tourist visa to the USA. Investors and their family will be able to apply for a B-1/B-2 visa. Citizens of Grenada receive it for 10 years at any US mission.

American business visa E-2. With it, the investor and his family members will be able to live and work in the United States. To get it, you need to create a new company or invest in an existing company in the United States. The minimum investment is not prescribed by law, in practice it is enough to invest from $100,000. The US issues an E-2 visa within 2-5 months.

Possibility to register a company. Investors often register with a Grenada company. Business in Grenada helps to settle with foreign participants without strict currency control, as well as reduce the tax burden.

Citizens of Grenada do not pay taxes on capital gains, global income and dividends from other countries. Income tax is payable only on income that is derived from a source in that country: 10% for the first 24,000 EC$ and 28% for income above this amount.

Corporate income tax is 28%, VAT rate on most goods and services is 15%.

Immigrant Invest is a licensed agent of the Citizenship program. If you want to buy property on the island and become a citizen of Grenada, please consult investment program experts.

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New InterContinental hotel in Grenada: how to buy a share and get citizenship of the country