Grenada is one of the popular citizenship by investment programmes in the Caribbean with the major selling points as visa free travel to china, russia and access to E-2 treaty visa to the US.
In an interview to Investment migration insider, the CEO of Citizenship by Unit of Grenada revealed that “98% of CIP Applications for Grenada in 2018 are from China”.
The Citizenship by investment program of Grenada is considered to be Gold standard in the region and Grenadian passport is rated is one of the most valuable passport.
Ms. Kaisha Ince also said “Grenada’s citizenship by investment programme is family oriented and almost 95% of applicants are applying as families. We have seen increased awareness in China market”.
During the Henley conference in Hong Kong last year, the CEO of Grenada Citizenship by Investment Unit announced cutting the prices for single applicant to $150,000 under contribution. The prices for family option remained the same.
According to the CBI statistics for Q1 2018, from the Ministry of Finance, Grenada received 77 applications has been received, of which only 33 applications has been approved (only 6 under real estate investment).
Grenada is the only country in the Caribbean with visa free travel to travel to China, and has E-2 (treaty visa) with the United States. The E-2 offer with CIP scheme has not been sucessful in attracting foreign investors receiving E-2 visa through Grenada CIP, so far in 2017 only 1 E-2 visa issued for Grenada for the year 2017.
According to IMF, Grenada’s economy grew by about 3.9 percent in 2016, reflecting strong construction activity and steady external demand for tourism services.
Source/Credit: Imidaily.com
