Grenada CBI program is seeing major decline in applications and fall of revenues in 2018, according to the Q2 new statistical data released by finance ministry. Comparing the first half 2018 data to previous year 2017
- CBI receipts fallen by 64% from ($74m to $45m)
- Total Applications fell by 17% (161 from 189).
- NTF applications fell by 7.9% (113 from 122)
- Real estate applications fell by 28% (48 from 67)
- New citizens fell by 445 (449 to 250)
- Application refusal rate fallen by 5% (12% in 2017 compared to 7% in 2018).
| First half 2017 | First half 2018 | |
| CBI Applications in Total | 189 | 161 |
| NTF Applications | 122 | 113 |
| Real estate investment Applications | 67 | 48 |
| New Citizens | 449 | 250 |
| Approved Applications | 125 | 79 |
| Rejected Applications | 15 | 9 |
| CBI Receipts | $70 million | $45 million |
| NTF Investment | $48 million | $33 million |
| Real estate investments | $24 million | $10.9 million |
Grenada CBI program is rated as the gold standard in the Caribbean.
Grenada currently has the expensive CBI program for families ($200K donation) while St Kitts it costs $195K. Real estate investment requires $350K, while Saint Kitts requires $200K for real estate. Grenada reduced the prices for single applicant from $200K to $150K.
Grenada is the only country with the CBI program to have visa waiver with China, United Kingdom, Schengen states and recently signed visa waiver with Russia
Over 95% of applicants applying for for Grenada CBI program are chinese families.
