Grenada is called the spice island, and it will undoubtedly add spice to your life. This pristine, almost entirely organic, magical destination, is about to undergo an elite tourism boom due to its small population untouched sea and beaches and absolute beauty.

It is one of the jewels of the Caribbean. Unlike many of these islands, it has extremely low crime rates, but, like the rest of them, it has a very friendly population and an organic lifestyle where you can actually live and relax. We would rate it as a COVID-19 potential escape destination. The island has only had 23 confirmed cases (by the time of writing) and no active cases.

But before we tell you a bit more about the history of Grenada, Mundo is excited to tell you ten reasons why you should look at investing in Grenada now:

Reason 1:

We have partnered with which we believe to be absolutely the best developer in the whole Caribbean to offer real estate and passport packages. Now, the development we are offering is not just any development but a five-star complex in the best location of one of the most beautiful Caribbean pearls. For an investment of as low as $200,000, you will receive a five-star apartment on a pristine beach and a free passport just to convince you.

Reason 2:

The Grenada passport program is the only one in the Caribbean that offers E-2 Visas to the United States under a historical treaty based on the US defense of the island during a Communist insurrection. Continue reading for more information.

Reason 3:

St. George's University is located in Grenada, which is associated with US universities and provides its students with accreditation to study and work in the US The Med school is particularly well-known and well-connected in the US. CBI holders' children are eligible for a 90% scholarship after one year of residing in Grenada.

Reason 4:

Major banks recognize the Grenadian passport with no problem in opening accounts. Plus, there are no inheritance or wealth taxes on this beautiful island.

Reason 5:

The island is safe and organic. It's a place where you can unwind to the rhythm of an unspoiled ocean, and the freshness of seafood with the aromas of exotic spices produced and grown the way they are supposed.

Reason 6:

Grenada has no inheritance or wealth taxes, and the tax system for individuals is territorial. That means you'd only pay taxes on your Grenadian-sourced income. If you're deemed a Grenadian tax resident, you won't have to pay taxes on your worldwide income in any other jurisdiction, unless you're an American citizen as it's tax system is based on citizenship.

Reason 7:

Grenada is a top tourist destination with over half a million visitors per year. It is one of the most common summer cruise destinations in the region.

Reason 8:

The Grenadian CBI program processing times are lightning-fast. If you contact us right now, you can be receiving a Grenadian passport in mere two-three months.

Reason 9:

Imagine being able to become a citizen with your WHOLE family, including dependent siblings, children up to 30 years old, and even parents and grandparents and your spouse's parents and grandparents.

Reason 10:

Grenada is under the Caribbean hurricane belt, which makes it safer than most Caribbean islands.

Before the 14^th Century, Grenada was settled by Caribes, who, as in much of the Caribbean, displaced the Arawaks. Christopher Columbus initially named the island Concepción in 1498, but the Spaniards later renamed it Granada, like the city in Southern Spain.

The European settlement on the island was tough. London merchants tried to settle at the beginning of the 17^th Century and failed miserably, and the French were only able to take control of the island by 1674.

Great Britain took control o the island in 1763 through the Treaty of Paris and introduced the agricultural production of cacao, cotton, and nutmeg. This greatly increased the slave population of the island, which reach 24,000 when slaves were freed. Afterwards, they were replaced by Indian and Far Eastern indentured workers.

This cultural blend has continued as of today, as the country has a mix of African-descent, European-descent, and Indian-descent.

The island finally achieved its independence in 1974, becoming a constitutional monarchy with Queen Elizabeth II as the head of state represented by a Governor-General, as it occurred in most British possessions in the Caribbean.

However, instability soon came, as the Prime Minister was deposed in 1979, and a left-wing, Cuba-linked government was established. After deep political disagreements, another left-wing coup occurred in 1983, and the US, joined by a Caribbean coalition intervened.

Economy and Geography

Since those troubled times, the island has remained politically stable and enjoyed strong growth in the 90s based on agriculture, tourism, and a relatively small financial services sector. The growth has continued in the 21^st Century, and especially since 2013, as the island has sustained significant growth, with usual 5% growth per year.

Grenada is the southernmost of the Lesser Antilles, about 100 miles north of Venezuela. It is one of the smallest independent nations of the Western Hemisphere, with the largest island being just 20 miles long and 12 miles wide.

St. George's, the capital, is located on the southwest of the island. It's also its main economic center thanks to its port and the St. George's University. The university is one of the most renowned in the Caribbean, primarily due to its well-developed Med School.

Grenada is a scenic country. Its origin is volcanic, so the island has a ridge of mountains running along and deep steep-sided valleys. Add 4,000 hectares of forests and some of the best beaches in the Caribbean, and you'll see why so many people fall in love with the spice island.

The country earned its name due to its wide production of nutmeg (it's the world's second-largest producer, after Indonesia), mace, turmeric, cinnamon, cloves, ginger, among other spices. You can visit the many outdoor markets in St. George's and feel the fresh aroma of the spices and try some of the healthy and mouthwatering local food.

Tourism is also a significant driver of the country's economy. The island has about half a million visitors per year, and it's a popular cruise destination during the summer.

Grenada is a constitutional monarchy where the executive authority lies in a prime minister, who is the head of the majority party in the House of Representatives. The country has remained politically stable and free from autocratic and communist tendencies since its rocky post-independence period.

Moreover, Grenada has one of the best healthcare systems in the Caribbean and enjoys an exemplary free press.

If you want to know more about our wonderful services in Grenada, just contact us right now!

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