The Government of Grenada has appointed Mr. Thomas Anthony as New CEO for the Citizenship by Investment Unit (CBIU) effective this month.
Mr. Anthony previously worked in Exiger, a global leader in due diligence practice and also previously worked in Citizenship by Investment Unit (CIU) of Antigua & Barbuda, where he was Deputy Chief Executive Officer managing the daily operations of the CIU, helping to transform it into one of the largest, most efficient, and fastest growing programs in the world. Mr. Anthony spent more than 26 years in the banking sector – in both commercial and investment banking – in Antigua, St. Lucia, and Miami. Mr. Anthony holds a degree in banking and finance from City Banking College and a degree in business administration and management from West London College.
Changes to CBI Program
With the appointment of new CEO, some changes to CBI program is expected to come this month. These changes are
1. Dependents
- Siblings and spouse of main applicant, who are not married and do not have children may be included in the application.
- Parent dependents will not be required to be financially dependent on main applicant
- Children above 18 years not be required to have enrolled in College/University
2. Real Estate
Secondary buyers of real estate in approved CBI approved projects will be eligible to obtain citizenship in accordance to regulatory conditions.
The new changes are expected to come into effect later this month, once this is gazetted. There will be no changes in minimum investment which stands at $150,000 (single applicant) and $350,000 for real estate projects.
The CBI unit of Grenada will continue to focus on highest standards of due diligence and vetting standards.
