Grenada made the world headlines in 1983 when a split in the governing left-wing party led to the overthrow and execution of the country’s charismatic leader, Maurice Bishop, and provided the pretext for a US invasion of the islands. Set against the background of Grenada’s hitherto peaceful post-independence history, the event highlighted the country’s contradictory character.
From one angle, Grenada has an “exotic” flavour which appeals especially to Westerners. Known as the “Spice Island”, it is the world’s second-largest producer of nutmeg and is a significant producer of mace, cinnamon, ginger and cloves. It also boasts beautiful scenery, with picturesque and fertile valleys, rainforests, fast-flowing streams, hot springs, mountain lakes, a tropical climate and excellent beaches.Although Grenada has one of the fastest-growing economies in the Caribbean, poverty is widespread. Growth in investment and tourism, and a construction boom, have helped to reduce unemployment. The country was dealt a serious blow in 2004 when Hurricane Ivan swept through killing dozens of people, damaging 90% of the island’s buildings and devastating the nutmeg crop. Tourism has generated its own problems, in the form of threats to the rainforest and beach erosion caused by resort projects.
- Full name: Grenada
- Population: 105,000 (UN, 2011)
- Capital: Saint George’s
- Area: 344 sq km (133 sq miles)
- Major languages: English (official), French patois
- Major religion: Christianity
- Life expectancy: 74 years (men), 78 years (women) (UN)
- Monetary unit: 1 East Caribbean dollar = 100 cents
- Main exports: Nutmeg, bananas, cocoa, fruit and vegetables, clothing, mace
- GNI per capita: US $6,930 (World Bank, 2010)
Grenada INVESTMENT VISA
Citizenship by Investment in Grenada
The citizenship by investment programme for Grenada is one of the newest programmes available to investors. The Grenada investment visa programme provides second citizenship in Grenada and a passport to investors offering visa-free travel to over 70 countries including the UK. Although providing less access than other similar citizenship programmes such as Antigua, St Kitts and Dominica, Grenada does offer a low investment threshold. Grenada also expects a visa waiver for the EU Schengen countries by April 2015 and is one of only 3 Caribbean countries with access to the USA E2 treaty investor visa. Applicants neeed invest just $250,000 in a government approved real estate project and maintain the property investment in Grenada for at least 4 years. There are fees and taxes to pay in addition. Applicants must be of outstanding character, in good health, of high net worth and with no criminal record. There is no requirement to visit for an interview for the Grenada citizenship programme and in fact there is no need to travel to the country to complete the application.
- Children and dependents up to age 25 can be included (subject to restrictions)
- Investment of $250,000 in real estate
- Dependent parents over age 65 can be included
- Visa free travel to over 70 countries (+EU Schengen soon)
- Applicant, Government and due diligence fees apply (Approx $130,000 family of 4)
- No tax on worldwide income
- Fast processing in around 4 months
- No country restrictions (includes Iran, Iraq, Afghanistan, Syria)