arton brochure grenada web · gtc gtcrpbm spcran pm’rin,rmni pm hcrmdsd3 .mtnorc irc’par irantc...
TRANSCRIPT
![Page 1: Arton Brochure Grenada Web · GtC GtCrpbm SpCran pm’rin,rmni pm hCrmdSd3 .mtnorC irC’par irantC tm nor Cpir pi nor t5iotCr %mdmapdO ... discrepancies, the electronic version of](https://reader036.vdocument.in/reader036/viewer/2022071018/5fd1a373547ea15aa40b5a24/html5/thumbnails/1.jpg)
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Popularly known, as “The Spice Island”, because of the myriad locally grown spices, Grenada offers one of the most picturesque waterfronts in all of the Caribbean. The sublime scenery is but one of the many enticements to visit the three beautiful main islands. Diving, sailing, excellent restaurants, fabulous beaches, and a calendar of unforgettable festivities add to the many reasons why Grenada has become preferred destination to many high net worth investors.
QUaLIfIcaTIonS
The newest Economic Citizenship Program, Grenada’s Pilot scheme will allow qualified investors and their family members to apply for citizenship and benefit from facilitation of visa-free travel.
The Grenada Citizenship by Investment Program was launched in 2013 under the regulations of the Grenada Citizenship by Investment Act.
The Program offers many benefits in exchange of several requirements that applicants must meet. To qualify for citizenship in Grenada, applicants need to fulfill one of the investment requirements outlined in the “Investment Options” section, in addition to the following criteria:
Be of outstanding character;
Hold no criminal record;
Have excellent health;
Have a high personal net worth.
Why chooSe grenada?
As the newest of its kind in the world, the Grenadian Citizenship-by-Investment Program provides the following prime benefits:
Fast processing within 4 months;
Inclusion of dependent children under 25 years;
Inclusion of dependent parents, regardless of age;
No physical residency requirements;
No requirements to travel to Grenada during the application process;
No interview, no education or managerial experience required;
Visa-free travel to over 70 countries, including the UK;
E-2 treaty ‘Investor Visa’ signed between Grenada and the United States allows citizens of Grenada to operate a substantial business in the U.S. and reside therein;
No tax on worldwide income.
Furthermore, Grenada recognizes dual citizenship, therefore you can still benefit from your current citizenship status.
grenada citizenship-by-investment program
grenada citizenship-by-investment program
InveSTMenT crITerIa
In recent years, tourism has become the leading sector for foreign direct investments in Grenada. Another service sector on the rise is the offshore financial industry, which – together with strong performances in construction and manufacturing, have also contributed to growth in national output.
As part of their strategy to attracting foreign direct investment, the Grenadian Government is working closely together with a select number of businesses related to tourism, agriculture, and manufacturing. Through the implementation of the Citizenship-by-Investment Program, they also hope to create investment opportunities that will bring about sustainable employment.
With its economy shifting from agricultural-dominant to service-dominant, one of the most viable options for foreign nationals is the investment in a pre-approved real estate project.
The investment must be minimum US$ 250,000 and must be owned and maintained for a minimum period of 4 years.
MOUNT CINNAMON
The development is situated on a lush hillside on almost two miles of the white-sand Grand Anse Beach, which is recognized by some as one of the most beautiful beaches in the world. The resort-hotel, looking towards the historic capital St. George’s, sets the tone for an irresistibly elegant yet intimate, relaxed beach hideaway.
The opportunity to own shares of Mount Cinnamon is an invitation to become a citizen of Grenada, begin a long and fruitful relationship with the island and its culture, and contribute to its future.
Property registration, processing fees and taxes must be paid in addition to the property purchase.
aPPLIcaTIon feeS
Advisory fees associated with the program are US$ 30,000 for a single applicant, US$ 35,000 for a family of two (main applicant + spouse) and US$ 2,500 for each additional dependent. Fees are based on the number of dependents, country of origin, residence and other retained services. The advisory fees are non-refundable and are payable in two equal installments.
All application fees charged by the Grenada government and by Arton are subject to change. These fees depend on the number of applicants and the complexity of the process. Please contact us if you have any questions or need more information.
addITIonaL feeS
GOVERNMENT FEES
US$ 50,000: For a single applicant, or a family of up to four
US$ 25,000: Additional dependent
PROCESSING FEES
US$ 11,500: Main applicant
US$ 4,400: Spouse
US$ 3,400: Dependent below 17
US$ 4,400: Dependent above 18, including parent above 65
DUE DIlIGENCE FEES
US$ 5,000: Spouse
US$ 0: Dependent between 0 and 11
US$ 2,000: Dependent between 12 and 17
US$ 5,000: Dependent above 18, including parent above 65
Due diligence fees for the main applicant are included in their application fees. Processing fees include escrow, local agent fees, VAT on services and passport processing fees.
Copyright © 2015. Information has been verified at the time of print. In case of
discrepancies, the electronic version of this brochure prevails. Printed in Canada. 2015-02.
The Grenada Citizenship-by-Investment Program is offered by Arton Advisors, a member of the Arton Group. The above timeline is an estimate provided for information purposes only, based on experiences with past clients. Processing times and costs will vary depending on a number of factors. Arton Advisors is not responsible for any changes to the estimations above; we can provide specific time and cost estimates on an individual basis. Please refer to our website for the most up-to-date information.
DownloaD an electronic version of this Document.
For more information, please contact us [email protected] artoncapital.com
grenadaCitizenship-by-Investment Program
location Caribbean, island between the Caribbean Sea and Atlantic Ocean, north of Trinidad and Tobago
capital Saint George’s
time DifferenceUTC-4
total area344 km2
age Demographics0-14: 24.5%, 15-24: 16.5%, 25-54: 40.3%, 55-64: 9.2%, 65+: 9.2%
languageEnglish (official), French patois
religions Roman Catholic: 53%, Anglican: 13.8%, Other Protestant: 33.2%
government typeParliamentary democracy and Commonwealth realm
currencyEast Caribbean dollars (XCD)
exchange rate1 USD = 2.7 XCD (2014)
13,800 USdGDP (per capita) GDP (purchasing power parity) 1.458 billion USD (2013)
110,152Population Growth 0.5%
71Visa free countries
STePS and TIMeLIne
The summarized timeline presented below is based on the required process that needs to be followed by all applicants for the Citizenship-by-Investment Program in Grenada. The table breaks down the process into three basic steps. Each step must be completed before continuing to the next.
STEP 1File preparation stage. Arton Capital will verify all documents and complete due diligence. Application fees are applicable at this stage. Investing in the selected development.
STEP 2Submission of Citizenship Application after which confirmation of received file is issued. Naturalization certificate is issued.
STEP 3Submission of Passport Application. Issuance of passport.
The ProceSS
month 1
month 2
months 3-4
The Arton Index is an overall assessment and comparative benchmark of the country
and its investment program.
global mobility
5quality of life
6simplicity
20speed20
cost14
arTon IndeX
65
Arton’s Global Citizen Programs are represented by a network of Certified Partners, who are proud members and supporters
of the Global Citizenship movement.
![Page 2: Arton Brochure Grenada Web · GtC GtCrpbm SpCran pm’rin,rmni pm hCrmdSd3 .mtnorC irC’par irantC tm nor Cpir pi nor t5iotCr %mdmapdO ... discrepancies, the electronic version of](https://reader036.vdocument.in/reader036/viewer/2022071018/5fd1a373547ea15aa40b5a24/html5/thumbnails/2.jpg)
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Popularly known, as “The Spice Island”, because of the myriad locally grown spices, Grenada offers one of the most picturesque waterfronts in all of the Caribbean. The sublime scenery is but one of the many enticements to visit the three beautiful main islands. Diving, sailing, excellent restaurants, fabulous beaches, and a calendar of unforgettable festivities add to the many reasons why Grenada has become preferred destination to many high net worth investors.
QUaLIfIcaTIonS
The newest Economic Citizenship Program, Grenada’s Pilot scheme will allow qualified investors and their family members to apply for citizenship and benefit from facilitation of visa-free travel.
The Grenada Citizenship by Investment Program was launched in 2013 under the regulations of the Grenada Citizenship by Investment Act.
The Program offers many benefits in exchange of several requirements that applicants must meet. To qualify for citizenship in Grenada, applicants need to fulfill one of the investment requirements outlined in the “Investment Options” section, in addition to the following criteria:
Be of outstanding character;
Hold no criminal record;
Have excellent health;
Have a high personal net worth.
Why chooSe grenada?
As the newest of its kind in the world, the Grenadian Citizenship-by-Investment Program provides the following prime benefits:
Fast processing within 4 months;
Inclusion of dependent children under 25 years;
Inclusion of dependent parents, regardless of age;
No physical residency requirements;
No requirements to travel to Grenada during the application process;
No interview, no education or managerial experience required;
Visa-free travel to over 70 countries, including the UK;
E-2 treaty ‘Investor Visa’ signed between Grenada and the United States allows citizens of Grenada to operate a substantial business in the U.S. and reside therein;
No tax on worldwide income.
Furthermore, Grenada recognizes dual citizenship, therefore you can still benefit from your current citizenship status.
grenada citizenship-by-investment program
grenada citizenship-by-investment program
InveSTMenT crITerIa
In recent years, tourism has become the leading sector for foreign direct investments in Grenada. Another service sector on the rise is the offshore financial industry, which – together with strong performances in construction and manufacturing, have also contributed to growth in national output.
As part of their strategy to attracting foreign direct investment, the Grenadian Government is working closely together with a select number of businesses related to tourism, agriculture, and manufacturing. Through the implementation of the Citizenship-by-Investment Program, they also hope to create investment opportunities that will bring about sustainable employment.
With its economy shifting from agricultural-dominant to service-dominant, one of the most viable options for foreign nationals is the investment in a pre-approved real estate project.
The investment must be minimum US$ 250,000 and must be owned and maintained for a minimum period of 4 years.
MOUNT CINNAMON
The development is situated on a lush hillside on almost two miles of the white-sand Grand Anse Beach, which is recognized by some as one of the most beautiful beaches in the world. The resort-hotel, looking towards the historic capital St. George’s, sets the tone for an irresistibly elegant yet intimate, relaxed beach hideaway.
The opportunity to own shares of Mount Cinnamon is an invitation to become a citizen of Grenada, begin a long and fruitful relationship with the island and its culture, and contribute to its future.
Property registration, processing fees and taxes must be paid in addition to the property purchase.
aPPLIcaTIon feeS
Advisory fees associated with the program are US$ 30,000 for a single applicant, US$ 35,000 for a family of two (main applicant + spouse) and US$ 2,500 for each additional dependent. Fees are based on the number of dependents, country of origin, residence and other retained services. The advisory fees are non-refundable and are payable in two equal installments.
All application fees charged by the Grenada government and by Arton are subject to change. These fees depend on the number of applicants and the complexity of the process. Please contact us if you have any questions or need more information.
addITIonaL feeS
GOVERNMENT FEES
US$ 50,000: For a single applicant, or a family of up to four
US$ 25,000: Additional dependent
PROCESSING FEES
US$ 11,500: Main applicant
US$ 4,400: Spouse
US$ 3,400: Dependent below 17
US$ 4,400: Dependent above 18, including parent above 65
DUE DIlIGENCE FEES
US$ 5,000: Spouse
US$ 0: Dependent between 0 and 11
US$ 2,000: Dependent between 12 and 17
US$ 5,000: Dependent above 18, including parent above 65
Due diligence fees for the main applicant are included in their application fees. Processing fees include escrow, local agent fees, VAT on services and passport processing fees.
FOLD
FOLD
Popularly known, as “The Spice Island”, because of the myriad locally grown spices, Grenada offers one of the most picturesque waterfronts in all of the Caribbean. The sublime scenery is but one of the many enticements to visit the three beautiful main islands. Diving, sailing, excellent restaurants, fabulous beaches, and a calendar of unforgettable festivities add to the many reasons why Grenada has become preferred destination to many high net worth investors.
QUaLIfIcaTIonS
The newest Economic Citizenship Program, Grenada’s Pilot scheme will allow qualified investors and their family members to apply for citizenship and benefit from facilitation of visa-free travel.
The Grenada Citizenship by Investment Program was launched in 2013 under the regulations of the Grenada Citizenship by Investment Act.
The Program offers many benefits in exchange of several requirements that applicants must meet. To qualify for citizenship in Grenada, applicants need to fulfill one of the investment requirements outlined in the “Investment Options” section, in addition to the following criteria:
Be of outstanding character;
Hold no criminal record;
Have excellent health;
Have a high personal net worth.
Why chooSe grenada?
As the newest of its kind in the world, the Grenadian Citizenship-by-Investment Program provides the following prime benefits:
Fast processing within 4 months;
Inclusion of dependent children under 25 years;
Inclusion of dependent parents, regardless of age;
No physical residency requirements;
No requirements to travel to Grenada during the application process;
No interview, no education or managerial experience required;
Visa-free travel to over 70 countries, including the UK;
E-2 treaty ‘Investor Visa’ signed between Grenada and the United States allows citizens of Grenada to operate a substantial business in the U.S. and reside therein;
No tax on worldwide income.
Furthermore, Grenada recognizes dual citizenship, therefore you can still benefit from your current citizenship status.
grenada citizenship-by-investment program
grenada citizenship-by-investment program
InveSTMenT crITerIa
In recent years, tourism has become the leading sector for foreign direct investments in Grenada. Another service sector on the rise is the offshore financial industry, which – together with strong performances in construction and manufacturing, have also contributed to growth in national output.
As part of their strategy to attracting foreign direct investment, the Grenadian Government is working closely together with a select number of businesses related to tourism, agriculture, and manufacturing. Through the implementation of the Citizenship-by-Investment Program, they also hope to create investment opportunities that will bring about sustainable employment.
With its economy shifting from agricultural-dominant to service-dominant, one of the most viable options for foreign nationals is the investment in a pre-approved real estate project.
The investment must be minimum US$ 250,000 and must be owned and maintained for a minimum period of 4 years.
MOUNT CINNAMON
The development is situated on a lush hillside on almost two miles of the white-sand Grand Anse Beach, which is recognized by some as one of the most beautiful beaches in the world. The resort-hotel, looking towards the historic capital St. George’s, sets the tone for an irresistibly elegant yet intimate, relaxed beach hideaway.
The opportunity to own shares of Mount Cinnamon is an invitation to become a citizen of Grenada, begin a long and fruitful relationship with the island and its culture, and contribute to its future.
Property registration, processing fees and taxes must be paid in addition to the property purchase.
aPPLIcaTIon feeS
Advisory fees associated with the program are US$ 30,000 for a single applicant, US$ 35,000 for a family of two (main applicant + spouse) and US$ 2,500 for each additional dependent. Fees are based on the number of dependents, country of origin, residence and other retained services. The advisory fees are non-refundable and are payable in two equal installments.
All application fees charged by the Grenada government and by Arton are subject to change. These fees depend on the number of applicants and the complexity of the process. Please contact us if you have any questions or need more information.
addITIonaL feeS
GOVERNMENT FEES
US$ 50,000: For a single applicant, or a family of up to four
US$ 25,000: Additional dependent
PROCESSING FEES
US$ 11,500: Main applicant
US$ 4,400: Spouse
US$ 3,400: Dependent below 17
US$ 4,400: Dependent above 18, including parent above 65
DUE DIlIGENCE FEES
US$ 5,000: Spouse
US$ 0: Dependent between 0 and 11
US$ 2,000: Dependent between 12 and 17
US$ 5,000: Dependent above 18, including parent above 65
Due diligence fees for the main applicant are included in their application fees. Processing fees include escrow, local agent fees, VAT on services and passport processing fees.
![Page 3: Arton Brochure Grenada Web · GtC GtCrpbm SpCran pm’rin,rmni pm hCrmdSd3 .mtnorC irC’par irantC tm nor Cpir pi nor t5iotCr %mdmapdO ... discrepancies, the electronic version of](https://reader036.vdocument.in/reader036/viewer/2022071018/5fd1a373547ea15aa40b5a24/html5/thumbnails/3.jpg)
FOLD
FOLD
Popularly known, as “The Spice Island”, because of the myriad locally grown spices, Grenada offers one of the most picturesque waterfronts in all of the Caribbean. The sublime scenery is but one of the many enticements to visit the three beautiful main islands. Diving, sailing, excellent restaurants, fabulous beaches, and a calendar of unforgettable festivities add to the many reasons why Grenada has become preferred destination to many high net worth investors.
QUaLIfIcaTIonS
The newest Economic Citizenship Program, Grenada’s Pilot scheme will allow qualified investors and their family members to apply for citizenship and benefit from facilitation of visa-free travel.
The Grenada Citizenship by Investment Program was launched in 2013 under the regulations of the Grenada Citizenship by Investment Act.
The Program offers many benefits in exchange of several requirements that applicants must meet. To qualify for citizenship in Grenada, applicants need to fulfill one of the investment requirements outlined in the “Investment Options” section, in addition to the following criteria:
Be of outstanding character;
Hold no criminal record;
Have excellent health;
Have a high personal net worth.
Why chooSe grenada?
As the newest of its kind in the world, the Grenadian Citizenship-by-Investment Program provides the following prime benefits:
Fast processing within 4 months;
Inclusion of dependent children under 25 years;
Inclusion of dependent parents, regardless of age;
No physical residency requirements;
No requirements to travel to Grenada during the application process;
No interview, no education or managerial experience required;
Visa-free travel to over 70 countries, including the UK;
E-2 treaty ‘Investor Visa’ signed between Grenada and the United States allows citizens of Grenada to operate a substantial business in the U.S. and reside therein;
No tax on worldwide income.
Furthermore, Grenada recognizes dual citizenship, therefore you can still benefit from your current citizenship status.
grenada citizenship-by-investment program
grenada citizenship-by-investment program
InveSTMenT crITerIa
In recent years, tourism has become the leading sector for foreign direct investments in Grenada. Another service sector on the rise is the offshore financial industry, which – together with strong performances in construction and manufacturing, have also contributed to growth in national output.
As part of their strategy to attracting foreign direct investment, the Grenadian Government is working closely together with a select number of businesses related to tourism, agriculture, and manufacturing. Through the implementation of the Citizenship-by-Investment Program, they also hope to create investment opportunities that will bring about sustainable employment.
With its economy shifting from agricultural-dominant to service-dominant, one of the most viable options for foreign nationals is the investment in a pre-approved real estate project.
The investment must be minimum US$ 250,000 and must be owned and maintained for a minimum period of 4 years.
MOUNT CINNAMON
The development is situated on a lush hillside on almost two miles of the white-sand Grand Anse Beach, which is recognized by some as one of the most beautiful beaches in the world. The resort-hotel, looking towards the historic capital St. George’s, sets the tone for an irresistibly elegant yet intimate, relaxed beach hideaway.
The opportunity to own shares of Mount Cinnamon is an invitation to become a citizen of Grenada, begin a long and fruitful relationship with the island and its culture, and contribute to its future.
Property registration, processing fees and taxes must be paid in addition to the property purchase.
aPPLIcaTIon feeS
Advisory fees associated with the program are US$ 30,000 for a single applicant, US$ 35,000 for a family of two (main applicant + spouse) and US$ 2,500 for each additional dependent. Fees are based on the number of dependents, country of origin, residence and other retained services. The advisory fees are non-refundable and are payable in two equal installments.
All application fees charged by the Grenada government and by Arton are subject to change. These fees depend on the number of applicants and the complexity of the process. Please contact us if you have any questions or need more information.
addITIonaL feeS
GOVERNMENT FEES
US$ 50,000: For a single applicant, or a family of up to four
US$ 25,000: Additional dependent
PROCESSING FEES
US$ 11,500: Main applicant
US$ 4,400: Spouse
US$ 3,400: Dependent below 17
US$ 4,400: Dependent above 18, including parent above 65
DUE DIlIGENCE FEES
US$ 5,000: Spouse
US$ 0: Dependent between 0 and 11
US$ 2,000: Dependent between 12 and 17
US$ 5,000: Dependent above 18, including parent above 65
Due diligence fees for the main applicant are included in their application fees. Processing fees include escrow, local agent fees, VAT on services and passport processing fees.
FOLD
FOLD
Popularly known, as “The Spice Island”, because of the myriad locally grown spices, Grenada offers one of the most picturesque waterfronts in all of the Caribbean. The sublime scenery is but one of the many enticements to visit the three beautiful main islands. Diving, sailing, excellent restaurants, fabulous beaches, and a calendar of unforgettable festivities add to the many reasons why Grenada has become preferred destination to many high net worth investors.
QUaLIfIcaTIonS
The newest Economic Citizenship Program, Grenada’s Pilot scheme will allow qualified investors and their family members to apply for citizenship and benefit from facilitation of visa-free travel.
The Grenada Citizenship by Investment Program was launched in 2013 under the regulations of the Grenada Citizenship by Investment Act.
The Program offers many benefits in exchange of several requirements that applicants must meet. To qualify for citizenship in Grenada, applicants need to fulfill one of the investment requirements outlined in the “Investment Options” section, in addition to the following criteria:
Be of outstanding character;
Hold no criminal record;
Have excellent health;
Have a high personal net worth.
Why chooSe grenada?
As the newest of its kind in the world, the Grenadian Citizenship-by-Investment Program provides the following prime benefits:
Fast processing within 4 months;
Inclusion of dependent children under 25 years;
Inclusion of dependent parents, regardless of age;
No physical residency requirements;
No requirements to travel to Grenada during the application process;
No interview, no education or managerial experience required;
Visa-free travel to over 70 countries, including the UK;
E-2 treaty ‘Investor Visa’ signed between Grenada and the United States allows citizens of Grenada to operate a substantial business in the U.S. and reside therein;
No tax on worldwide income.
Furthermore, Grenada recognizes dual citizenship, therefore you can still benefit from your current citizenship status.
grenada citizenship-by-investment program
grenada citizenship-by-investment program
InveSTMenT crITerIa
In recent years, tourism has become the leading sector for foreign direct investments in Grenada. Another service sector on the rise is the offshore financial industry, which – together with strong performances in construction and manufacturing, have also contributed to growth in national output.
As part of their strategy to attracting foreign direct investment, the Grenadian Government is working closely together with a select number of businesses related to tourism, agriculture, and manufacturing. Through the implementation of the Citizenship-by-Investment Program, they also hope to create investment opportunities that will bring about sustainable employment.
With its economy shifting from agricultural-dominant to service-dominant, one of the most viable options for foreign nationals is the investment in a pre-approved real estate project.
The investment must be minimum US$ 250,000 and must be owned and maintained for a minimum period of 4 years.
MOUNT CINNAMON
The development is situated on a lush hillside on almost two miles of the white-sand Grand Anse Beach, which is recognized by some as one of the most beautiful beaches in the world. The resort-hotel, looking towards the historic capital St. George’s, sets the tone for an irresistibly elegant yet intimate, relaxed beach hideaway.
The opportunity to own shares of Mount Cinnamon is an invitation to become a citizen of Grenada, begin a long and fruitful relationship with the island and its culture, and contribute to its future.
Property registration, processing fees and taxes must be paid in addition to the property purchase.
aPPLIcaTIon feeS
Advisory fees associated with the program are US$ 30,000 for a single applicant, US$ 35,000 for a family of two (main applicant + spouse) and US$ 2,500 for each additional dependent. Fees are based on the number of dependents, country of origin, residence and other retained services. The advisory fees are non-refundable and are payable in two equal installments.
All application fees charged by the Grenada government and by Arton are subject to change. These fees depend on the number of applicants and the complexity of the process. Please contact us if you have any questions or need more information.
addITIonaL feeS
GOVERNMENT FEES
US$ 50,000: For a single applicant, or a family of up to four
US$ 25,000: Additional dependent
PROCESSING FEES
US$ 11,500: Main applicant
US$ 4,400: Spouse
US$ 3,400: Dependent below 17
US$ 4,400: Dependent above 18, including parent above 65
DUE DIlIGENCE FEES
US$ 5,000: Spouse
US$ 0: Dependent between 0 and 11
US$ 2,000: Dependent between 12 and 17
US$ 5,000: Dependent above 18, including parent above 65
Due diligence fees for the main applicant are included in their application fees. Processing fees include escrow, local agent fees, VAT on services and passport processing fees.
![Page 4: Arton Brochure Grenada Web · GtC GtCrpbm SpCran pm’rin,rmni pm hCrmdSd3 .mtnorC irC’par irantC tm nor Cpir pi nor t5iotCr %mdmapdO ... discrepancies, the electronic version of](https://reader036.vdocument.in/reader036/viewer/2022071018/5fd1a373547ea15aa40b5a24/html5/thumbnails/4.jpg)
FOLD
FOLD
Popularly known, as “The Spice Island”, because of the myriad locally grown spices, Grenada offers one of the most picturesque waterfronts in all of the Caribbean. The sublime scenery is but one of the many enticements to visit the three beautiful main islands. Diving, sailing, excellent restaurants, fabulous beaches, and a calendar of unforgettable festivities add to the many reasons why Grenada has become preferred destination to many high net worth investors.
QUaLIfIcaTIonS
The newest Economic Citizenship Program, Grenada’s Pilot scheme will allow qualified investors and their family members to apply for citizenship and benefit from facilitation of visa-free travel.
The Grenada Citizenship by Investment Program was launched in 2013 under the regulations of the Grenada Citizenship by Investment Act.
The Program offers many benefits in exchange of several requirements that applicants must meet. To qualify for citizenship in Grenada, applicants need to fulfill one of the investment requirements outlined in the “Investment Options” section, in addition to the following criteria:
Be of outstanding character;
Hold no criminal record;
Have excellent health;
Have a high personal net worth.
Why chooSe grenada?
As the newest of its kind in the world, the Grenadian Citizenship-by-Investment Program provides the following prime benefits:
Fast processing within 4 months;
Inclusion of dependent children under 25 years;
Inclusion of dependent parents, regardless of age;
No physical residency requirements;
No requirements to travel to Grenada during the application process;
No interview, no education or managerial experience required;
Visa-free travel to over 70 countries, including the UK;
E-2 treaty ‘Investor Visa’ signed between Grenada and the United States allows citizens of Grenada to operate a substantial business in the U.S. and reside therein;
No tax on worldwide income.
Furthermore, Grenada recognizes dual citizenship, therefore you can still benefit from your current citizenship status.
grenada citizenship-by-investment program
grenada citizenship-by-investment program
InveSTMenT crITerIa
In recent years, tourism has become the leading sector for foreign direct investments in Grenada. Another service sector on the rise is the offshore financial industry, which – together with strong performances in construction and manufacturing, have also contributed to growth in national output.
As part of their strategy to attracting foreign direct investment, the Grenadian Government is working closely together with a select number of businesses related to tourism, agriculture, and manufacturing. Through the implementation of the Citizenship-by-Investment Program, they also hope to create investment opportunities that will bring about sustainable employment.
With its economy shifting from agricultural-dominant to service-dominant, one of the most viable options for foreign nationals is the investment in a pre-approved real estate project.
The investment must be minimum US$ 250,000 and must be owned and maintained for a minimum period of 4 years.
MOUNT CINNAMON
The development is situated on a lush hillside on almost two miles of the white-sand Grand Anse Beach, which is recognized by some as one of the most beautiful beaches in the world. The resort-hotel, looking towards the historic capital St. George’s, sets the tone for an irresistibly elegant yet intimate, relaxed beach hideaway.
The opportunity to own shares of Mount Cinnamon is an invitation to become a citizen of Grenada, begin a long and fruitful relationship with the island and its culture, and contribute to its future.
Property registration, processing fees and taxes must be paid in addition to the property purchase.
aPPLIcaTIon feeS
Advisory fees associated with the program are US$ 30,000 for a single applicant, US$ 35,000 for a family of two (main applicant + spouse) and US$ 2,500 for each additional dependent. Fees are based on the number of dependents, country of origin, residence and other retained services. The advisory fees are non-refundable and are payable in two equal installments.
All application fees charged by the Grenada government and by Arton are subject to change. These fees depend on the number of applicants and the complexity of the process. Please contact us if you have any questions or need more information.
addITIonaL feeS
GOVERNMENT FEES
US$ 50,000: For a single applicant, or a family of up to four
US$ 25,000: Additional dependent
PROCESSING FEES
US$ 11,500: Main applicant
US$ 4,400: Spouse
US$ 3,400: Dependent below 17
US$ 4,400: Dependent above 18, including parent above 65
DUE DIlIGENCE FEES
US$ 5,000: Spouse
US$ 0: Dependent between 0 and 11
US$ 2,000: Dependent between 12 and 17
US$ 5,000: Dependent above 18, including parent above 65
Due diligence fees for the main applicant are included in their application fees. Processing fees include escrow, local agent fees, VAT on services and passport processing fees.
Copyright © 2015. Information has been verified at the time of print. In case of
discrepancies, the electronic version of this brochure prevails. Printed in Canada. 2015-02.
The Grenada Citizenship-by-Investment Program is offered by Arton Advisors, a member of the Arton Group. The above timeline is an estimate provided for information purposes only, based on experiences with past clients. Processing times and costs will vary depending on a number of factors. Arton Advisors is not responsible for any changes to the estimations above; we can provide specific time and cost estimates on an individual basis. Please refer to our website for the most up-to-date information.
DownloaD an electronic version of this Document.
For more information, please contact us [email protected] artoncapital.com
grenadaCitizenship-by-Investment Program
location Caribbean, island between the Caribbean Sea and Atlantic Ocean, north of Trinidad and Tobago
capital Saint George’s
time DifferenceUTC-4
total area344 km2
age Demographics0-14: 24.5%, 15-24: 16.5%, 25-54: 40.3%, 55-64: 9.2%, 65+: 9.2%
languageEnglish (official), French patois
religions Roman Catholic: 53%, Anglican: 13.8%, Other Protestant: 33.2%
government typeParliamentary democracy and Commonwealth realm
currencyEast Caribbean dollars (XCD)
exchange rate1 USD = 2.7 XCD (2014)
13,800 USdGDP (per capita) GDP (purchasing power parity) 1.458 billion USD (2013)
110,152Population Growth 0.5%
71Visa free countries
STePS and TIMeLIne
The summarized timeline presented below is based on the required process that needs to be followed by all applicants for the Citizenship-by-Investment Program in Grenada. The table breaks down the process into three basic steps. Each step must be completed before continuing to the next.
STEP 1File preparation stage. Arton Capital will verify all documents and complete due diligence. Application fees are applicable at this stage. Investing in the selected development.
STEP 2Submission of Citizenship Application after which confirmation of received file is issued. Naturalization certificate is issued.
STEP 3Submission of Passport Application. Issuance of passport.
The ProceSS
month 1
month 2
months 3-4
The Arton Index is an overall assessment and comparative benchmark of the country
and its investment program.
global mobility
5quality of life
6simplicity
20speed20
cost14
arTon IndeX
65
Arton’s Global Citizen Programs are represented by a network of Certified Partners, who are proud members and supporters
of the Global Citizenship movement.
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