Grenada has made great strides in attracting foreign investment, from introducing its Citizenship by Investment program and adopting policies that encourage development and businesses. Grenada is located in the southeastern Caribbean Sea and is known as the “Island of Spice” due to its production of nutmeg and other spices, but Grenada has much more to offer than just spices.
Grenada’s favourable location and access to markets can benefit foreign investors in gaining greater business opportunities internationally as well as growing their wealth. Discover how Grenada benefits investors through both the location of the nation and the government’s efforts.
Grenada’s Favourable Location
Grenada is conveniently located between the Caribbean Sea and the Atlantic Ocean, just a short flight away from other Caribbean countries which makes it an ideal hub for business and travel in the region. Grenada’s location also provides easy access to the North and South American markets, as well as Europe and Asia which further extends business opportunities for citizens.
Grenada’s location has made it an ideal destination for foreign investors, particularly those looking to invest in the Caribbean region and access a market of over 45 million people. This market includes not only Grenada’s 100,000 residents but also the populations of neighboring Caribbean countries.
Access to Markets
Grenada has preferential access to the United States, Canada, and the European Union, as well as other markets through its membership in the Caribbean Community (CARICOM) and the Organization of Eastern Caribbean States (OECS), giving investors and business people immense market accessibility.
Grenada’s membership in CARICOM provides it with access to a market of over 18 million people, including the populations of other CARICOM member states, such as Jamaica, Trinidad and Tobago, and Barbados. Grenada also has preferential access to the European Union market through the CARIFORUM-EU Economic Partnership Agreement (EPA). The EPA agreement allows for duty-free and quota-free access to the European market for goods produced in CARIFORUM countries, including Grenada.
The opportunities for business ventures through these international organizations and treaties are tremendous, empowering entrepreneurs and investors with a wide range of options to grow their businesses and wealth.
Investment Climate
Grenada has implemented several measures to attract foreign investment, including tax incentives and streamlined business registration procedures to create a better investment climate. The government has established a central digital hub for investors that provides a range of services, such as assistance with company registration, work permits, and property acquisition, to make it easier for investors to navigate the laws and satisfy regulatory requirements.
Grenada’s Citizenship by Investment program was created in that spirit and has become one of the most popular CBI options in the world. The program allows individuals and their families to obtain Grenadian citizenship by making a significant investment in a government-approved real estate development or a donation to the National Transformation Fund. By successfully applying to Grenada’s CBI program, an applicant gains access to the markets previously described and a host of other advantages:
- Visa-free travel to over 140 countries, including the United Kingdom, the Schengen countries, China and others.
- Dual citizenship for life: The investor and their family are granted citizenship in Grenada that passes down through the generations, and includes unlimited dependents without being required to visit or reside in Grenada.
- Exiting the investment after a 5-year holding period, without the loss of citizenship in Grenada (for real estate investments only)
Development and Infrastructure
Grenada has made significant progress in its development and infrastructure, investing heavily in tourism and making it a significant part of its economy. The Grenadian government has expanded its international airport and constructed new cruise ship terminals as part of its tourism and infrastructure efforts.
The majority of infrastructure and settlements in Grenada are located on the southern coast of the island, which is home to its capital, St. George’s, and has been identified as a priority area for development. As that area has been selected for greater development, Grenada has implemented several measures to attract investment to the region to build it up further.
The Convenient Way to Enter Markets via Grenada
Gaining entrance to Grenada’s immense market accessibility is primarily through citizenship in the country, but standard immigration processes can be lengthy without guarantees for success. For investors, there is the Citizenship by Investment program in Grenada which is celebrated around the globe for the wide array and unique benefits granted. We at Range Developments have extensive experience guiding investors through the Grenada CBI process and are the leading developer in the Caribbean. Our successful track record of luxury developments, such as the Six Senses La Sagesse in Grenada, has been a doorway to the many advantages of Grenadian citizenship.
Our second luxury resort, The InterContinental Grenada Resort, is underway and provides individuals the opportunity to gain citizenship in Grenada.
By choosing Range Developments as your partner in gaining the advantages of citizenship in Grenada, you will have aligned yourself with the leading and most successful developer in the Caribbean. To begin the journey, please connect with one of our CBI representatives here:
