PERFECT HOMES MAGAZINE ( Editor Stan Israel) by Stan Israel | Page 262

Bacolet Bay, Grenada

GRENADA
One of the most significant trends in property
investment over the last few years has been
the growth in citizenship investing and the
plethora of tax advantages available in a
number of Caribbean countries.
In order to generate much needed revenue
a number of islands have established
themselves not only as tax free havens but
are offering tax exempt local citizenship in
return for healthy financial contributions
or real estate investment. Those already
with systems in place include Dominica, St
Kitts and Nevis, Belize and Barbados but
now they are also being joined by Grenada
and Antigua.
The government has introduced a variety
of tax exemptions and is in the process of
introducing a new residency/citizen package
to further encourage overseas investment.
This Citizen By Investment Program will
require those accepted to invest in property
and reside for at least part of the year in
Grenada and is likely to attract high net
worth buyers from the Middle East, Far East
and China. The program which is being
geared to carefully attract only “clean and
credit investors” is expected to bring greater
liquidity to the Grenadian property market
which should in turn have a continued
positive impact upon property values here.

TO WATCH:
Cinnamon Suites, Bacolet
Bay Beach Resort
Located exclusively overlooking the beach,
there are 2 types of these one bed apartment
style suites; type A the larger with Kitchenette
and Type B. The ground floor properties have
extra-large terraces and all first floor have
superb ocean views (as do many of the ground
floor units).
Recently designed as our new entry level
property they offer owners a very affordable
investment and step into the luxury Caribbean
property market.
For more information visit:
www.bacoletbay.com