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. Â 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% Â (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 | Â 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 | Â $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.
