Grenada investment offers citizenship and dollar return
Virido, which is one of the new 2019 SPAR Kirkwood Wildsfees sponsors, is offering the opportunity to obtain citizenship for an investor and family members by purchasing rooms in the new Kawana Bay Resort on the Caribbean island of Grenada.
Investors in the hotel will qualify for Grenada’s “Citizenship By Investment (CBI)” government-sponsored programme aimed at attracting foreign direct investment into the country by offering citizenship in exchange for an investment into Grenada.
According to local agent Brink Oosthuizen the citizenship programme allows the investor and three other family members to obtain Grenada passports.
This includes dependent parents, grandparents and children under the age of 30.
Starting at R4.5 million, the investment will give passport holders visa-free access to over 120 countries, including the European Union Schengen area, the United Kingdom, China, Singapore, and Russia.
It is one of a few countries that has a 30-day stay permit (visa waiver) with China, he says.
Grenada is also the only country in the world that has an active Citizenship by Investment programme and a five-year bilateral investment treaty (E-2 Investor Visa) with the United States.
Investors whose Grenadian citizenship and E-2 visa applications are approved can live in the US and operate a business there, he says.
Grenada’s Maurice Bishop International Airport has direct flights to New York, Miami, Atlanta, Toronto, London, Frankfurt and a number of Caribbean countries.
“In addition to these advantages investors will also enjoy a dollar return. The resort will be managed by InterContinental Hotels, which will market and service the rooms on behalf of the owners when they are not using them,” he says.
Virido will have a stall at the SPAR Kirkwood Wildsfees