Grenada citizenship is granted by purchasing real estate worth $220,000 or more. Investors buy a share in a hotel complex, apartment, or villa. Real estate under the program is approved by the national government.
Eight new villas are listed as properties in the Grenada Citizenship Program. The villas are located in the south of the island at the Silversands Hotel Complex, which has been open and receiving tourists since 2018. It is considered one of the best luxury resorts in the Caribbean. For example, in 2021 it was ranked among the top 15 Caribbean hotels by The Caribbean Journal.
The hotel and new villas were built by Ora Caribbean, a subsidiary of Ora Developers Group, an international holding company. The company specializes in the construction and design of premium hotels and resorts.
The design takes into account the peculiarities of the natural landscape: some villas are located directly on the coast of the Caribbean Sea, others - adjacent to the beach hill. The new villas are separate from the hotel, have an outdoor terrace, swimming pool, and private access to Grand Anse beach.
The panoramic windows of the new Silversand villas overlook the Caribbean Sea and Grenadian nature
Villas located on the shores of the Caribbean Sea and close to the coast, in the jungle of the island of Grenada
The villas were designed by French architects Reda Amalou and Stephanie Ledoux. There are three or four bedrooms, an open-plan living, and a dining room: the interior furniture was purchased from Molteni * C, Artespazio, Bruno Moinard, B&B Italia
What an investor gets when he buys a villa at Silversands Resort
Grenada citizenship for the whole family. Investor can include spouse, children under 30, parents, grandparents, siblings in the application. Adult relatives must be financially dependent on the investor.
Opportunity to live, study and work in the USA. The USA and Grenada have a reciprocal investment agreement, so investors with a Grenada passport can apply for an E2 visa. Also, Grenadian citizens get tourist visas to the USA for 10 years under the simplified procedure. For comparison, the Russians get a tourist visa to the USA for a maximum period of 3 years.
Free travel to 144 countries, including Schengen and Great Britain. Grenada is a member of the Commonwealth of Nations, so Grenadian citizens can study at British universities on favorable terms.
Grenadian citizens can travel to China without a visa for up to 30 days. Grenada is one of 17 countries with which China has signed agreements on visa-free entry.
Why investors buy property in the Caribbean
Buying real estate is the most sought-after option among investors. Twice as many applicants chose the real estate option between July 2019 and June 2020.
All construction projects are certified by the government. This means that the government controls the investment, and cases of fraud are excluded.
Caribbean real estate is a liquid asset. Prices for properties in the region are growing by 1一3% a year. Therefore, in 5 years, investors can profitably sell a share, an apartment or a villa and get back the money invested.
Investors buy an entire property or take a share in the construction of hotels and villas. Shares can be in a physical object, trust, or shares.
Examples of real estate under the Grenada citizenship program
A hotel complex in the La Sagesse arearnof St. David's in southern Grenada. The value of the share is $220,000. Rental income - up to 6% annually
Villas and cottages on the Atlantic Ocean in Grenada's capital, St. George's. Cost is $2,375,000. Rental income - up to 4% per annum
Studios and apartments in an apartment complex in St. George's, the capital of Grenada. The value of the apartments is $385,000. Rental income - up to 3% per annum
Immigrant Invest is a licensed agent of the Grenada Citizenship by Investment program. If you want complete information about all properties and to buy them, seek advice from investment program experts.