There is a new and exciting opportunity for high net worth individuals to get Grenada citizenship by investment. By investing in Kawana Bay, they and their families will benefit from international business and travel opportunities and from the advantageous tax regime available to all Grenada citizens. This new real estate project is approved by the Grenada Government as part of its successful and well-established Citizenship by Investment Program (CBI).
Kawana Bay, Grenada
This beautiful, 5-star condo, resort, and hotel development is on world-famous Grand Anse Beach on the sheltered southwest coast of Grenada, one of the most beautiful island nations in the Caribbean. The resort hotel's new owners are True Blue Development, Ltd, a division of Tau Capital. True Blue has specialized in developing and operating luxury real estate projects since 1997.
The Kawana Bay resort is set on the beautiful Morne Rouge hillside, giving it glorious views of the two-mile long Grand Anse Bay, Grenada’s primary water sports center. It is a short distance from St. George’s, the country’s capital city, and only about 10 minutes from Maurice Bishop International Airport. The location, therefore, provides easy access from North and South America, Europe, and all Caribbean nations, as well as offering the convenience of city life and the delights of the seaside.
The hotel will open in 2019. It is being developed in four phases. Phase I has 21 rooms in the Culebra Building and 8 rooms in the Juara Building. Each unit will be a minimum of 436 square feet, and will have a sea-facing terrace of at least 76 square feet. The other three phases will have a total of 21 additional rooms and 73 suites, offering a mix of studios, pool suites, and the presidential suite.
Owners and guests will enjoy dining and relaxing in the Sands Restaurant, Shango Lounge, and Salty’s Beach Bar after the invigorating infinity edge pool, the gym, or the dance studio. The world-class water sports activities offer everything from parasailing and kayaking to water-skiing and scuba-diving. The resort spa will have five luxurious treatment rooms.
Benefits of the Citizenship Program
During ownership, the operators will manage the resort and fully expect owners to receive an excellent annual return, with a forecast between 3.75% and 7%. Owners are entitled to use their unit, free of charge, for two weeks a year. Tourism in 2022 rose 17% compared to pre-Covid, and this sort of growth is expected to continue.
Kawana Bay offers an excellent opportunity for investment with a strong financial return, while offering second citizenship, and all the financial, business, residential, and travel benefits associated with Grenada. To get the process started and arrange a free initial consultation, please contact us.