Grenada has made significant changes to its citizenship-by-investment (CBI) program from 1 April 2019.
This makes Grenada’s minimum price point for real estate investment to $220,000 much more competitive with neighboring jurisdictions, although it is only applicable in cases where applicants co-invest in a unit or property.
These significant enhancements to the Grenada Citizenship-by-Investment (CBI) Program will improve its accessibility and make it more attractive than ever for potential investors.
The summary of most important 2019 changes made to the Grenada’s citizenship by investment program are
- Real estate investment reduced to USD 220,000 per share, jointly or co-investing in $440,000 unit.
- Removal of permanent residence as a pre-requisite for citizenship
- Remove the requirements for dependent children between the ages of 18 and 30 to be enrolled at an institution of higher learning and
- Parents or grandparents over 55 years to be fully supported.
- Secondary purchasers of CBI real estate units in approved real estate projects can acquire citizenship
The Grenada CBI program is the only one in the Caribbean that has visa-free access to China, as well as to the UK and Europe’s Schengen Area, and is the only one that holds an E-2 Investor Visa treaty with the US, allowing citizens to be eligible to apply to the US for a non-immigrant visa.
Grenada currently has the best CBI passport in the Caribbean