Grenada is an island country in the Caribbean Sea and it consists of the island of Grenada and six smaller islands located at the southern end of the Grenadines island chain. Its size is 344 km2, and the population in 2012 was approximately 110,000 people. The capital of Grenada is St. George’s. Due to its production of mace crops and nutmeg, Grenada is also known as the ’Island of Spice’. Similarly as other Caribbean islands, Grenada is a Commonwealth realm, with Queen Elizabeth II being a Head of State.
|Ethnic groups||African descent 75.1%|
Mixed race 5.4%
East Indian and Afro-East Indian: 5%
|Government||Parliamentary democracy under constitutional monarchy|
|GDP (PPP)||$1.457 billion|
|Currency||East Caribbean Dollar|
|Time zone||UTC -4|
|Citizenship by financial contribution||From 208 000 EUR|
|Citizenship by real estate||From 358 000 EUR|
Climate and culture
The islands have volcanic origin and extremely rich soil and it is very mountainous. Numerous small rivers with waterfalls flow into the sea from these mountains. Grenada has a tropical climate – hot and humid weather in the rainy season and cooled during the dry season.
Grenada’s islands have some of the most diverse terrain in the Caribbean region, from verdant rainforests and crater lakes to unspoiled underwater ecosystems and sun-kissed swaths of beach. The islands location at the southern extreme of the hurricane belt allows it to escape the seasonal depressions that can cause colder temperatures, grey skies, and extreme weather for its Caribbean neighbours located more to the north.
Although the official language is English, the lingua franca of the island is considered Grenadian Creole. French Patois is also spoken by approximately 10%–20% of the population. Also, some Hindi/Bhojpuri terms can be heard amongst the Indian descendants. The majority of Grenadians identify themselves as Roman Catholics (44.6%) or Protestants (43.5%).
Immigration and tourism overview
Tourism is Grenada’s main economic force with ecotourism growing in significance. The tourism industry is increasing rapidly with the construction of a large cruise ship pier and esplanade. During the 2007-2008 cruise ship season, up to four cruise ships per day visited St. Georges.
Tourism is concentrated in the southwestern part of the island, around St. George, Lance Aux Epines, Point Salines, and Grand Anse. Grenada can be proud of many idyllic beaches around its coastline, such as the 3 km long Grand Anse Beach in St George, which often appears in countdowns of the world’s top ten finest beaches. In addition to these excellent beaches, tourists’ favourite points of interest are the waterfalls. Today over half of Grenada’s workforce is employed within the hospitality industry.
In order for an investor to acquire Grenada citizenship, an investment to the National Transformation Fund is required: while the investment itself amounts to 200,000 USD, if considering all legal, administrative and governmental fees for due diligence as well as the application preparation, and submission to the Grenadian Government, the overall fees are 350,000 USD.
If you want to relocate to Grenada: check available immigration programs here.
With a help of government, a new petrochemical exploration program and thriving tourism industry, Grenada is changing into one of the most desirable places in the world to do business, work, live and retire. This fact contributes to Grenada’s reputation as an ideal place to travel or reside in comparison to other islands in the Caribbean region. In addition, the English speaking community and the pegged currency to US dollar provides additional convenience and safety when doing business.
If you want to know more about Grenada: read here.