Do you want to know, “Which place is known as the Spice Isle of the Caribbean?” Well, that’s none other than Grenada. Yes, Grenada is known as the “Spice Isle” of the Caribbean because of its nutmeg output, cinnamon, and mace.
According to the World Bank, it is the world’s second-largest exporter of nutmeg.
Grenada boasts a rich, beautiful, magnificent island with many white sandy beaches, vibrant coral reefs, and lush green flora.
Apart from its beauty, living in Grenada means a secure government, friendly society, lucrative business or job opportunities, a safe environment & attractive beaches, lakes or rivers, etc.
What makes a living, or to Apply for Grenada Citizenship the best? Without a doubt, it’s access to get a green card & enter the territory of the USA. Thanks to the treaty that Grenada has signed with the USA, the citizens of Grenada can enter, work, and invest in the United States without any considerable restrictions.
So, are you excited to go on a journey that will define the benefits of investing in Grenada & opening the lucrative doors of new opportunities for you & your family?
Yes, then, let’s start this guide.
Fast Facts about Living in Grenada
Explore the quick benefits of living in Grenada:-
- Grenada is considered as one of the safer Caribbean destinations, with relatively low crime rates.
- Regarding education, Grenada is home to St. George’s University, a well-regarded international university, particularly known for its medical school.
- Grenada has no capital gains, inheritance, or corporate income taxes, making it attractive for investors.
- Living in Grenada means you’re close to other beautiful Caribbean destinations and can easily explore neighboring islands and enjoy their unique experiences.
- Grenada offers a Citizenship by Investment program, which allows you to obtain Grenadian citizenship by investing in the country and providing visa-free travel to various countries.
- The country’s economy has been stable, and is working to diversify its economic base beyond tourism and agriculture.
- The country has a diverse population influenced by African, European, and East Indian cultures. This diversity is reflected in the local cuisine, music, and festivals.
Investing in Grenada can Open Exciting Opportunities for You
At the start of our blog, we mentioned that investing in Grenada can open new doors for you. So, here is the explanation: how?
There are two main investment options under this program:
a. National Transformation Fund (NTF)
You can make a non-refundable donation to the National Transformation Fund, which is used to support various development projects in Grenada.
To get more clarity, you can take an estimation from here:-
- $150,000 for a single applicant
- $200,000 for a family of four (including the applicant, spouse, and two young children).
Other than the family of four, additional dependants are taxed the following amount per dependant:
- A child costs $25,000
- A parent will pay $50,000.
- A sibling (unmarried and without children): $75,000
Also, note that the donation is non-refundable, but you will only receive your passport once you have paid the application fee, processing fee, and due diligence.
A single person donating to the NTF will pay $158,000, whereas a family of four (two young children) could expect to spend at least $214,000 on the NTF.
b. Real Estate Investment
You can invest in government-approved real estate projects like hotels, resorts, and other developments. The minimum investment in real estate is typically higher than the NTF donation. You can directly contact the experts – Emerald Suites to assist you 24/7.
For this option, you must invest a minimum of $220,000 and pay $50,000 in administration fees. Like the donation route, additional costs like application fees, processing fees, and due diligence fees need to be covered.
How Getting Grenadian Citizenship can Open Good Doors for you?
So, the good news is that if you become a citizen of Grenada, a beautiful island in the Caribbean, you have an exciting opportunity. You can apply for an E-2 US Visa, a golden ticket to live and do business in the United States.
But here’s the cherry on top: not only can you move to the USA, but your spouse and kids can come with you, and they can live, work, and study there without any hassles. They won’t have to worry about entering or leaving the country.
Now, you might wonder how much money you need to invest in this process. Well, there’s no strict minimum requirement, but usually, it’s around $200,000 that you would invest in your business. The visa application process usually takes 2 to 5 months. Once you get your E-2 visa, it’s valid for five years, and you can renew it if you want to stay longer in the United States.
Thinking about Investing or Living in Grenada? Emerald Suites is Here for you…..
If you are considering investing or living in Grenada, Emerald Suites is your trusted advisor. Yes, Emerald Suites is your answer to,”How to get Grenada Citizenship?” Proud to say that Emerald Suites is a government-approved project that is always ready to help you with the right investment program in Grenada, expert consultation, application assistance, & due diligence support, etc.
So, Emerald Suites invites you to come to Grenada, start investing, live, explore, get a ticket to the US, and plan your retirement here.
We’re waiting for you!!
Follow us for more information.
(FAQs) Frequently Asked Questions
Q1:- What is the Application Process for Grenada?
A3:- It is very easy. Just contact an approved agent, submit your information, finalize agreements & undergo due diligence checks.
Q2:- Can I Retire in Grenada?
A3:- Americans who wish to retire in Grenada must obtain immigration permission. They can consider viable investment visa pathways that eventually grant them permanent residency.
Q3:- What are the Best Places to Live in Grenada?
A3:- St. George’s, the capital of Grenada, is a favored choice among expatriates. Additionally, other well-liked areas include Carriacou, Grand Anse, and Lance aux Epines.
Q4:- What is the Cost of Living in Grenada?
A4:- Grenada offers a cost-effective alternative, making it more budget-friendly than many other Caribbean islands. Local groceries, in particular, are abundant and reasonably priced, and dining out is also quite affordable.