Property
June 14, 2021
Reading Time: 2 min

Real estate in Grenada: new properties in the citizenship program

Eight new villas are for sale in the Silversands resort complex in Grenada. All properties are available under the citizenship program: investors can buy a property and get a Caribbean passport as a bonus. We tell you what arearnof Grenada the villas are in, how much they cost, and whether you can trust the developer.

Elena Ruda
Elena Ruda

Chief Development Officer in Immigrant Invest, lawyer

Grenada citizenship: new villas for program participants

Real estate in Grenada: new properties in the citizenship program

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.

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.

Grenada Citizenship by investment: Visa-Free Entry into China

Jiuzhaigou National Park, or "Valley of the Nine Villages," is a nature reserve in northern Sichuan Province in central China. The reserve is known for its multi-level waterfalls and colorful lakes

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.

1,500 investors

Have chosen the real estate option In fiscal year 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.

Up to 9% per annum

The income from renting out real estate in the high season

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.

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.