Grenada

Grenada is called the "spice island": nutmeg and mace have long remained one of the main export items, and cocoa and cinnamon are also grown on the slopes. The island is of volcanic origin, with mountains in the centre, crater lakes, waterfalls and dense forests; Grand Etang and Lake Antoine lie in ancient craters. Grenada is the southernmost of the Windward Islands of the Lesser Antilles. The climate is tropical, softened by the north-east trade winds; the official language is English. The capital, St George's, stands on a horseshoe-shaped harbour, and the island of Carriacou, part of the state, is known for its yacht anchorages.

What to see and how far it is from our places

• Carriacou. The largest island of the Grenadines, part of Grenada, where about 6,000 people live. The capital is Hillsborough. Tyrrel Bay serves as a yacht anchorage, and the Sandy Island marine reserve lies nearby. Carriacou — within the town, St George's — 57 km.
• Grenada National Museum. A museum in St George's, housed in a complex of several buildings. The oldest of them possibly served as French barracks from 1704. In 1976 part of the complex was given over to the museum. St George's — within the town, Carriacou — 57 km.
• St George's. The capital and largest town of Grenada, on a horseshoe-shaped harbour inside the crater of an old volcano. Construction of the star-shaped fortress Fort Royal on the headland began in 1705 and was completed in 1710. The town is built in the ring of the old crater. St George's — within the town, Carriacou — 57 km.
• Fort George. A former fortress above the harbour of the capital, St George's. It was built by the French in 1706-1710 under the name Fort Royal. When the island passed to the British in 1763, the fortress was named after King George III. St George's — within the town, Carriacou — 57 km.
• Hillsborough. A town on the island of Carriacou, part of Grenada. Carriacou is the largest of the Grenadine islands belonging to Grenada. Carriacou — 3 km, St George's — 57 km.
• Grand Etang Lake. A crater lake in the centre of the island, at 530 m above sea level, with an area of about 15 hectares. Around it are a forest reserve and a national park, a recognised bird area. The lake is shown on the coat of arms of Grenada. St George's — 8 km, Carriacou — 49 km.
• Gouyave. A small town on the west coast, once the centre of the island's fishing and plantations. An annual fishermen's festival with boat races on 29 June and a weekly "Fish Friday" with fish dishes and music. St George's — 13 km, Carriacou — 45 km.
• Sauteurs. A town in the parish of Saint Patrick in the north of Grenada, at a height of about 87 metres above sea level. St George's — 22 km, Carriacou — 34 km.

A great deal is open. According to the records of our base, foreigners buy houses, apartments, land and properties in approved projects, in their own name.

• Licence. It is issued by the minister for a specific plot and type of right. It may carry conditions. Without a licence land cannot be held, and the law provides for its forfeiture to the state; under the law this happens after a court decision.
• Lease without a licence. A lease of a year or less is allowed without a licence, up to five acres in total.
• Company. There is no need to set up a local company. But a company registered in Grenada and controlled by foreigners is itself treated as a foreigner, and needs the same licence.
• This rule is common to the whole country. There are no differences between islands and districts in our records. The law is taken in the version from the parliament's website for 2021; later amendments we have not separately checked.

Buying. The figures are from a real estate agency page, not an official one:

An example: at a price of 100,000 conventional units the costs will be up to 13,000, of which the licence is 10,000, stamp duty 1,000, lawyers about 2,000 with VAT. The audit firm writes that stamp duty is not charged in all cases.

Holding. There is an annual property tax on market value, separately for land and for the building. For homes: land 0.2%, building 0.3%. The table is taken from an order of 2013, drawn up for 2014. Whether it applies today, we will confirm on request.

Selling:

• There is no tax on gain in value, according to the Deloitte page for 2025.
• A seller who is not a citizen pays property transfer tax of 15% of the sale price. This is from the US State Department review. Deloitte gives a range of 5-15% depending on whether the recipient is a resident or a non-resident.
• Transfer of proceeds abroad is marked in the base's records as free.

• Long-term and short-term rental of homes we will cover on request: there are no confirmed records yet.
• Tax on rent. According to Deloitte, rent paid to a non-resident may be subject to a 15% withholding, unless the rate is reduced by a double taxation treaty. This is the firm's page; the rate has not been checked by us against the text of the law. The scale of the rental tax itself we will provide on request.

This is the tax in Grenada. Tax in the country where the investor lives is calculated separately.

• Citizenship by investment. The programme accepts an investment in an approved real estate project: hotels, villas, resorts. The property must be held for at least five years after citizenship is granted. After that it can be sold, including to another applicant of the programme, if the project remains approved.
• The investment threshold is named by the programme's agent: from $270,000. This is an intermediary's page; we were not able to open the programme's official site, so we will check the amount on request.
• Residence without citizenship: we will provide the terms on a separate request.

Who it is open to (by the applicant's first citizenship). What the programme itself says about applicants with different passports; "not named" does not mean "open".

• Citizenship by investment (citizenship; accepts applications): Russia, Belarus — not accepted; Kazakhstan, Uzbekistan, India, Pakistan — not in the published list of excluded countries.

Under the law of their own country, the first citizenship is lost in that case: Kazakhstan, Uzbekistan, India, Pakistan.

A housing price index for Grenada is not yet available: the Bank for International Settlements does not publish one, or it has not yet been loaded into our base. The four rows (in local currency and in dollars, without and with inflation adjustment) we will provide on request, once a series appears.

We have not yet started the directory of Grenada's districts: there are no pages with prices by place yet. We will prepare it on request.

Developer in the directory: Range Developments. Listings and projects: The Grenadines Collection (Grenadine Island Villas).

What a foreigner can buy. A shop, an office, a plot, on the same terms as homes: the minister's licence for the specific plot is needed. The law does not separate homes and commercial properties.

How it differs from homes. Hardly at all.

• The 10% licence, the transfer tax on sale, the absence of tax on gain and the withholding on rent to a non-resident of up to 15% are as for homes. Deloitte notes that the 1% stamp duty is charged only in certain cases, and that the rent withholding "may" apply.
• The annual property tax depends on the use. Commercial: land 0.5%, building 0.3%. Industrial: land 0.3%, building 0.2%. Hotel: land 0.3%, building 0.02%. The table is from the order for 2014; we will check whether it applies today on request.
• A company is not required.

Rooms in resort projects. Rooms and residences in approved projects are sold to private individuals. Letting, prices and servicing are handled by the brand's operator, not the owner. An agent names a rental yield of 2-5% a year; this is a promotional estimate, not a guarantee.

Rental rates, yield and the share of vacant space by segment, VAT on rent and the usual contract term we will provide on request. The agencies' figures, when they appear, describe the upper segment, not what a private investor usually buys.