The tiny Caribbean island of Grenada is one of the smallest independent countries in the western hemisphere.
Known as the Spice island, it is the world’s second-largest producer of nutmeg after Indonesia and a significant producer of mace, cinnamon, ginger and cloves. It also boasts beautiful scenery with fertile valleys, rainforests and mountain lakes and its tropical climate and excellent beaches are a big draw for tourists.
BENEFITS OF THE PROGRAMME
To obtain Grenada citizenship by investment, an investment of $220,000 in the Six Senses La Sagesse resort Grenada can qualify you, your spouse and members of your family for fast-track economic citizenship in the The Spice Island.Visa free travel to 140 countries (UK, EU, China,Russia, Singapore, to name a few)
- Expeditious processing (subject to satisfactory due diligence) within 3 to 6 months without the need to reside / visit Grenada
- Tax advantages
- Spouse, children, siblings, parents and grandparents may be included in one citizenship application (subject to various eligibility conditions)
- The ability to apply for a US E2 visa. This is a key advantage – a Citizen of Grenada upon making a further investment (USD100,000) in the US, can invest and reside in the US. A US E2 visa typically has a six week approval process and is becoming a recognized alternative to EB5 (given the backlog and waiting list). This advantage is unique to Grenada amongst its regional peers that offer Citizenship by Investment programs
- Upon completion of a minimum holding period of 5 years, the investor is entitled to resell the investment to a subsequent buyer who may also apply for citizenship, whilst the original investor maintains his citizenship in perpetuity.
Second citizenship and in particular Grenada has become topical in discussions at present. Whether this is driven by tax considerations, an EB5 proxy or just general family wealth planning. Demand is emanating for this product across all emerging markets – Covid has created anxiety, which is fueling the demand for second citizenship which also provides migration opportunities.
INVESTING IN SIX SENSES – GRENADA
It is important to note that should one take up residency in the Caribbean as Grenada Citizens you do not have to reside in Grenada. You can reside almost anywhere in the Caribbean based on the Caricom treaty. It is the Caribbean version of the Shenghen freedom of settlement.
The resort is set to be a landmark Caribbean development.
The Caribbean Community and Common Market (CARICOM) is a group of twenty developing countries in the Caribbean that have come together to form an economic and political community that works together to shape policies for the region and encourages economic growth and trade.
Jamaica is the largest Caricom country and is also the largest importer of CARICOM products because it has the largest population at 2.7 million people – twice the size of Trinidad and Tobago, and larger than Guyana, Belize, Barbados and seven countries of the Eastern Caribbean.
CARICOM’s main purposes are to promote economic integration and cooperation among its members, to ensure that the benefits of integration are equitably shared, and to coordinate foreign policy.
CARICOM was formed in 1973 after the founders had enacted the Treaty of Chaguaramas. The Caribbean Community and Common Market was established to replace the Caribbean Free Trade Area which had failed in its mission to develop policies in the region pertaining to labor and capital.
SIX SENSES LA SAGESSE RESORT
Six Senses La Sagesse is set on a majestic headland with a natural lagoon at its center, conveniently located between two beaches. La Sagesse Beach has been named one of the best in the Caribbean and is a white sand crescent with shallow warm water. The second beach, The Lance Pere, is by contrast a private and undeveloped bay with views to dramatic cliffs.
From tall mountains to shimmering reefs, spicy rhythms to rolling reggae, pirate shipwrecks to sugar-sand beaches, the Caribbean is a joyous mosaic of islands, an explosion of color, and all fringed by beaches everywhere you look and soaked in rum.
You can choose between a 3 or 4-bedroom residence. All matching in size and appearance, the key difference is that the 3-bedroom homes include an additional spa treatment room in place of the fourth bedroom, as well as a flexible space that can be tailored to the owner’s wishes, whether that be a gym, meditation room, office, screening room or games area.
The residences are individually sited for complete privacy between them as well as enabling the architect to design each one to face the ocean, capturing the best views and Caribbean breeze from every single room and from each plot.