The Grenada Citizenship by Investment Unit is delighted to update local agents of the following clarifications to the rules and regulations concerning the processing of application and files. These changes represent a significant enhancement for the Grenada Citizenship by Investment Program.
The US Department of State has announced the addition of ten more countries to the U.S Visa Waiver Program (VWP), including Grenada…
Grenada’s government has just published a wide set of amendments to its Citizenship by Investment Act of 2013…
Reference is made to the Grenada Citizenship by Investment (Amendment) Regulations, 2019 which amends Schedule I of the principal Regulations to include the following new price option (“New Price Option”):
The Grenada Citizenship by Investment (CBI) Unit is delighted to present news of an enhancement of the Grenada CBI programme. The Government of Grenada has enacted an amendment to regulations under the Grenada Citizenship by Investment Act No. 15 of 2013 to provide for a new price option for investment in qualified Approved Projects. The regulation amendment permits developers with an Approved Project in the Tourism Accommodation sector to sell each unit to two or more applicants with each applicant paying a purchase price of no less than USD 220,000.
The Government of Grenada is taking steps to make its Citizenship by Investment (CBI) Programme more attractive to investors by offering a greater range of benefits.
Successful Chinese families have looked across the world for immigration by investment options and have historically dominated most country’s programs, often meeting or exceeding country quotas. The EB-5 industry certainly benefitted from billions of dollars in Chinese capital. Yet, 2014 proved to be a major turning point with the country driving applications to the 10,000-visa limit for the first time in history. Now, four years later, USCIS estimates that retrogression may result in a more than 10-year wait for permanent residency, a nonstarter for many families that will instead take their capital to other countries.
The United Arab Emirates recently became the latest in a long list of countries offering Grenadian citizens visa-free access, after a Memorandum of Understanding between the two countries was signed by Her Excellency Ms Keshia A. McGuire, Ambassador and Permanent Representative to the United Nations for Grenada, and Her Excellency Ms Lana Nusseibeh, her counterpart for the United Arab Emirates.
There are many benefits to the Grenada Citizenship by Investment programme, especially when compared to similar programmes offered by neighboring islands. The role of “selling” the programme is typically the responsibility of the Marketing Agent, but this article seeks to summarise the key advantages of the programme.
. Photography courtesy Dwain Thomas.