BECOME ONE OF US

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 country’s priority investment sectors which include tourism, manufacturing, agriculture and information technology 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.

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PROCESS -A PASSPORT TO THE WORLD

STEPS

1

Contact Marketing Agent

Applications for citizenship may not be submitted directly to Grenada’s Citizenship by Investment Committee (CBIC) and must only be referred by Authorized Marketing Agents.

2

Marketing Agent to contact an Authorized Local Agent

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.

3

Authorized Local Agent submits the application 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.

4

Due diligence background check

Each application is vetted by the Government through a thorough due diligence background check, during which time submitted information is examined and verified.

5

CBIC issues a letter instructing the applicant to complete the purchase of his or her real estate

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.

Returns, Year After Year

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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.

APPLICATION FEES

Minimum investment US$220,000
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
Minimum investment
US$220,000
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
Minimum investment US$220,000
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

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