The Citizenship by Investment Program has been adopted by many Caribbean countries and utilized as an income generator to finance and drive economic development of Small Island Developing States (SIDS).
The latest 2022 CBI Index Report underscored the importance of the Citizenship by Investment (CBI) Programs in small islands, calling it a “tool to finance stronger, more resilient economies.” The report, which is published in the Financial Times, goes on to state that many of these Small Island Developing States (SIDS) make use of the CBI contributions “to fulfill their true ambitions to become independent, developed, prosperous countries.”
Grenada is no different, as the country offers two investment options for the new citizenship holder to choose from – funds from which are directly channeled into the socio-economic development of the island.
The National Transformation Fund (NTF): Touching Lives, Transforming Communities
Applicants opting for the NTF route must contribute at least USD 150,000 to the Fund, which will be used to strengthen productive sectors such as tourism, agriculture, and renewable energies. Investors can rest assured that their donation to the NTF is making a direct and meaningful impact on the local economy. It is no secret that small islands struggle to raise capital to finance major infrastructural and technological development projects, and having donated to the NTF, one can appreciate that their contribution is truly touching lives and bolstering the nation’s overall well-being. The National Transformation Fund (NTF), established in 2013, has contributed tremendously to Grenada’s economy.
Real Estate: Investing in the Productive Economy, Returns on Investment
Heavy focus and investment are placed on Tourism, which is Grenada’s top income generator, contributing handsomely to the Gross Domestic Product (GDP) annually. The Government of Grenada offers approved national real estate projects for new citizenship applicants/holders to choose from. Real estate developments such as hotels, villas, and resorts are plentiful as the tourism industry continues to rebound after the onslaught of the COVID-19 pandemic. As a result, real estate developments present excellent investment opportunities.
At the core of the tourism industry are the thousands of locals who work in the service sectors and many others who gain opportunities to tap in and create spin-off, fringe entrepreneurial activities to generate income for themselves and their families. The continued flow of investment into this sector only augurs well for the hospitality industry, on the whole, Grenada, and the people who visit our shores every single day.
Just Inter-Continental Services Can Help You Make the Right Choice.
Whether you want to make a one-time contribution to the development of the country or get involved in real estate and see your money grow, it’s important to have the right team by your side to ensure you are well-equipped to make the right choice. Whatever the choice, your investment contributes wholesomely to the development, growth, and economic resilience of Grenada.
Just Inter-Continental Services (JICS) is a local agent for Grenada’s Citizenship by Investment Program, and provides tailored and customized services for clients with the goal of seeing their clients through from start to finish. Just Inter-Continental also offers post-citizenship services to help clients settle into life in Grenada, or even open a business and register for taxation.
Visit our website https://jicsgrenadacbi.com and explore options for applying to become a citizen of Grenada.