Buying Real Estate? Do your Homework
Caribbean CBI deals continue to grow in popularity as they offer good value for money, take less time to process and provide a wide choice of packages for both Infrastructure projects and Real Estate investment.
Selecting the right one though is crucial and applicants need to do their homework carefully. Citizenship schemes vary enormously with huge differences in costs, tax implications, application processing times and residency requirements. Some programmes involve investment in property or businesses whilst others simply require donations towards infrastructure projects.
One of the challenges in choosing a property-based CBI is to find one that prices its real estate at market value, has been run successfully as a business for a number of years, is recognized internationally and last but not least provides an exit strategy. Two examples of this Good Governance Real Estate, though very different, are Mount Cinnamon in Grenada and Jungle Bay in Dominica.
In addition to visa-free travel to the UK and Schengen member countries Grenada is also the only CBI country in the Caribbean with an E2 visa Treaty with the US and one of only 3 countries there with 30 days visa free access to China. Grenada’s Mount Cinnamon, situated at the end of the famous Grand Anse Beach, is a successful, chic, well established luxury and internationally recognized operating hotel with full resort services. It’s highly experienced developer Peter de Savory has over 30 years of experience in delivering first class hospitality projects and a globally recognized hotel operating company manages the hotel. After 10 successful years Mount Cinnamon is now expanding with 250 new residences and further extensive hotel resort facilities through Grenada’s Citizenship By Investment Programme. All new villas and apartments have access to a full range of managed facilities. There is no annual cost of ownership and investors can enjoy 10 complimentary days each year as well as excellent growth potential through co ownership.
Dominica’s luxury eco resort, Jungle Bay has also over the past 10 years been a huge financial success and was rated as one of the top eco resorts in the Caribbean. It is owned and managed by top hospitality specialists Sam and Glenda Raphael. It is currently being redeveloped at a new site looking out on the Caribbean Sea and it’s new villas and facilities are available to invest in through Dominica’s CBI Programme. This Government approved scheme is well underway with the first phase due to open at the end of the year. It has the best value in the Caribbean starting at $255,000 for a sea view villa, individual title to land and villa, return on investment, management experience and hassle free maintenance.
Like Mount Cinnamon applicants wishing to invest in Jungle Bay can be confident that their investment is in good, safe, hands but make sure you do your homework including choosing the right Organisation to help you.