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If you’ve made up your mind to invest in Grenada and are choosing between the two available investment options, the obvious choice might be the $150,000 contribution to the National Transformation Fund. It is clearly cheaper than the real estate option. However, there is happy news for those who are keener on investing in real estate.
Now, you can make a joint investment with other investors where each one of you contributes at least $220,000 to the aggregate amount. Purchased property must be within the tourism sector. It is a significant reduction from the minimum investment of $350,000 required from single investors.
There are two main benefits of investing in real estate in Grenada. First, you can resell your property in 3 to 5 years, depending on a developer, to a new investor and get your money back fully. Secondly, if you decide to rent it out during the holding period, you will be able to capitalise on your investment.
Now, brothers and sisters of the main applicant or their spouse can be included in Grenada CBI applications if they are single and have no children.
Moreover, changes have been made regarding parents, grandparents and dependent children over 18. Parents are grandparents are no longer required to be financially dependent on the main applicant. And children do not have to be students in a university or college.
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