Grenada is an island country in the West Indies, and consisting of Grenada itself, the most southerly of the Windward Islands, and the group of small islands of the Southern Grenadines. Grenada is located northwest of Trinidad and Tobago, northeast of Venezuela, and southwest of Saint Vincent and the Grenadines. All the boundaries are maritime. The total length of the coastline is 121 km (75 miles), from the West bordering the Caribbean Sea, on the East by the Atlantic Ocean
The islands are volcanic in origin with a rugged coastline, coral reefs, convenient bays and plenty of secluded beaches. Grenada's interior is very mountainous with Mount St. Catherine being the highest at 840 m (2 760 ft). Several small rivers with beautiful waterfalls flow into the sea from these mountains.
The size of the island of Grenada is small – just 18 km (11 mi) wide and 34 km (21 mi) in length, a square of about 310 sq km (120 sq mi). Carriacou, located 27 km (17 mi) northeast of Grenada, is smaller – about 32 sq km (12 sq mi), and Petit Martinique only 2,5 sq km (0,96 sq mi), about 5 km (3 mi) northeast of Carriacou is also part of the State. Almost 90% of the population lives on the island of Grenada.
Despite the small size of the country, there are many conservation areas. Unique to the region mountainous rain forests of Grenada is almost completely withdrawn from human activities, and beautiful reefs continue to be objects of attention, as the country's government and international environmental organizations.
Grenada is an offshore jurisdiction with an attractive tax regime. The financial sector of the offshore zone Grenada is progressive and provides for the formation and registration of offshore companies and legal entities. Offshore services in Grenada are provided by qualified professionals, including lawyers, accountants and insurance agents. A decisive role in the development of Grenada as a competitive offshore tax havens played a wide variety of forms of organization of offshore companies.
In Grenada provides the following offshore services: the registration of international trusts funds; services on the international insurance and registration of international insurance companies; offshore banking; registration of international business companies; registration of mutual funds.
The law guarantees the privacy of the owners and directors of offshore companies. Information on banking operations of the offshore company is confidential.
The citizenship by investment programme of Grenada was founded in 1990 and operated until 2001. The reason for closing the programme was the terrorist attacks in USA in 2001. The Government of Grenada found that there is a risk of buying the passports by terrorists that would compromise the country's reputation and discredits the programme. The updated version of the programme was launched in May 2013 and offers the opportunity to obtain the citizenship of Grenada, by making a financial contribution to the state's economy. Grenada passport holders have visa-free or simplified entrance to many countries of the world.
The programme is aimed at supporting the national economy and closely cooperates with the enterprises of the local economy to improve the welfare of the population.
Applicants must be good people, have good health and the opportunity to invest in one of the Government approved projects. The main applicant must be over eighteen years of age, meet the requirements of the programme and to choose one of two investment options: a donation to the National Transformation Fund (NTF) or the purchase of real estate.
Features and benefits.
To qualify for citizenship via investing in real estate, the value of the acquired property must be a minimum of USD 220,000 and the development must be approved by the government. You are not allowed to sell on your investment during a 4-year period, but you can receive income from the activities of the project.
Another way to obtain citizenship is to invest in the National Transformation Fund in the amount of USD 150,000. This option does not provide for the return of dividends from your invested money.
Applicants will also be required to pay additional government fees, passport application and legal audit fees related to their chosen investments, according to the number of accompanying family members, as well as consulting fees.