The View Development is a CBI approved development. In 2013, the Government of Grenada launched a Citizenship by Investment (“CBI”) Program which allows qualified investors and their family members to apply for Grenadian citizenship. The Grenada CBI program allows qualified participants to invest in either approved real estate developments or into a government infrastructure fund. Both investment programs are designed to improve the country’s economy, create opportunities for Grenadian citizens, and improve, expand and revitalize the tourism, manufacturing and agriculture sectors.
The real estate investment program (Section 11) allows the approved applicant(s) to invest in CBI approved real estate development and receive Grenadian Citizenship and passports within four months from submission of accurate and complete applications.
Grenadian citizens can travel to over 140 countries without the need for a visa, including the UK, Brazil, China, and
EU (Schengen countries).
Applications are processed and approved within 90 days from submission of completed applicationWHY GRENADA ?
No physical residency requirements and no requirements to travel to GrenadaWHY GRENADA ?
No income tax on foreign sources of income, no capital gains or inheritance taxWHY GRENADA ?
Grenada is home to St. George’s University, an accredited medical, veterinary and arts & science educational institutionWHY GRENADA ?
No education, management experience, or English language requirementsWHY GRENADA ?
Grenada has no restrictions on its citizens having dual citizenshipWHY GRENADA ?
Inclusion of dependent children and dependent parents. Unmarried siblings over 18 years.WHY GRENADA ?
Applications for citizenship may not be submitted directly to Grenada’s Citizenship by Investment Committee (CBIC) and must only be handled by authorized Marketing Agents.
The second step in an application for citizenship is for your Marketing Agent to establish through an Authorized Local Agent, whose role is to provide guidance and assistance in preparing documents for submission to the CBIC.
The Authorized Local Agent then becomes responsible for liaising with the CBIC in relation to all correspondence, queries, or questions that may arise with respect to the applicant’s file.
Each application is vetted by the Government through a thorough due diligence background check, during which time submitted information is examined and verified.
If the application is successful, the CBIC issues a letter instructing the applicant to complete the purchase of his or her real estate by the execution of all necessary documents. Upon receiving proof of payment, the CBIC issues the certificate of registration, establishing that the applicant has received Grenadian citizenship.
Under the CBI scheme applicable to Phase one of The View, investors will receive a freehold interest in a designated unit of the boutique hotel under a condominium scheme. Investors will also be entitled to have the use of the room for two weeks during the year, every year. As is common practice within the hotel industry, there are certain blackout dates (e.g. Christmas and New Year period), where a small cash supplement will be required for stays during these periods and subject to availability. The key ongoing financial return to CBI investors from their investment: 50 per cent of the after tax profits of The View generated from the operation of the hotel in proportion to the amount of each individual investment. We expect this return to rank ahead of the return to ordinary shareholders.
Units purchased by CBI investors will be placed into a rental pool, managed by The View. For this service, the CBI investors will pay a monthly management fee, initially USD $5,000/year and reviewed after the first five years of opening of the hotel based on market conditions. (This is netted off the investor profit distribution). Phase Two will also be developed with CBI investor funding, with the associated villas being sold off plan. The Phase Two design is being developed and finalised, with numbers to be published shortly.
|TYPE OF FEE||SINGLE
|FAMILY OF 4 FAMILY
|FAMILY OVER 4 FAMILY MEMBERS|
|REQUIRED CONTRIBUTION||USD $350,000||USD $350,000||USD $350,000||USD $350,000|
|GOVERNMENT FEE||USD $50,000||USD $50,000||USD $50,000||USD $50,000 and USD $25,000
per additional dependant
after the third dependant
|APPLICATION FEE||USD $1,500||USD $1,500 PER PERSON||USD $1,500 PER PERSON||USD $1,500 PER PERSON|
|DUE DILIGENCE FEE||USD $5,000||USD $5,000 PER PERSON||USD $5,000 PER PERSON
AGED 16 AND OVER
|USD $5,000 PER PERSON
AGED 16 AND OVER
|PROCESSING FEE||USD $1,500||USD $1,500 PER PERSON||USD $1,500 PER PERSON
AGED 18 AND OVER; USD
$500 FOR PERSONS UNDER 18
|USD $1,500 PER PERSON|
|GOVERNMENT FEES (APPLICATION
FEE USD$1,500; PROCESSING FEE
USD $500 0-17 AND
USD$1,500 18 & OVER; DUE
DILIGENCE FEE USD$5,000)
|Applicants (18 years and over)
|Applicant (17 years)
|Applicant (0-16 years)
|Additional Government Fees upon approval|
|Government Contribution for family of 2-4 members
|Government Contribution each family member > 4
USD$25,000 per additional dependent
|Parents or grandparents (under 55 years)
USD$50,000 per parent
|Sibling (unmarried and no children)
USD$75,000 per sibling
USD$250 per person
|Oath of Allegiance fee
USD$20 per person
|GOVERNMENT FEES (APPLICATION FEE USD$1,500; PROCESSING FEE USD $500 0-17 AND USD$1,500 18 & OVER; DUE DILIGENCE FEE USD$5,000)|
|Applicants (18 years and over)||USD$8,000|
|Applicant (17 years)||USD$7,000|
|Applicant (0-16 years)||USD$2,000|
|Additional Government Fees upon approval|
|Government Contribution for family of 2-4 members||USD$50,000|
|Government Contribution each family member > 4||USD$25,000 per additional dependent|
|Parents or grandparents (under 55 years)||USD$50,000 per parent|
|Sibling (unmarried and no children)||USD$75,000 per sibling|
|Passport fee||USD$250 per person|
|Oath of Allegiance fee||USD$20 per person|