Thursday, November 14, 2024

Grenada received 495 applications under citizenship by investment programme

The Grenada CBI allows individuals and their families to obtain citizenship or permanent residence through a qualifying investment in Grenada such as  one time payment of USD 150,000 to NTF  or buy a property for USD 350,000 and qualify for Grenadian passport.

  • Grenada is the only country in the world, at present, that has both a citizenship by investment program and E2 investment treaty with the U.S. that allows economic citizens of Grenada to apply for E-2 treaty investor visas to the U.S.
  • Grenada passport is also the only CBI passport in the Caribbean with visa free waiver with China.
  • Faster processing times of 2-3 months.
  • Investors can apply for permanent residence card in Grenada along with passport, upon buying a property or by leasing a residential address. This card comes in handy in countries where you cannot show two passports (dual citizenship not allowed)

According to official statistics of the Grenada citizenship by investment programme, from 2013 until June 2017.

  • Grenada received a total of 495 applications until June 2017
  • Grenada approved 1300  new citizens in total (main applicant and family members)
  • Grenada rejected 39 applications in total.

These numbers show investment route (real estate) equally very popular along with NTF contribution option.

New Citizens Applications Received Applications Refused NTF  (approved applications)  Investment (approved applications)
2014  19 23 1 6 7
2015 348 108 4 14 73
2016 484 175 19 73 51
2017 449 189 15 89 36
Total 1300 495 39 182 167

 

 

Prabhu Balakrishnan
Prabhu Balakrishnan
Founder of Citizenship by Investment News. Chief Editor with over 15 years experience in PR and News publishing. He Loves writing about citizenship, residency and wealth migration. CIP Journal is a Leading publication founded in 2017 bringing latest news from CBI/RBI market.

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