News

Grenada’s new amendments for CBI Program

The Prime Minister’s Office in Grenada has recent announced new amendments to the country’s Citizenship by Investment Programme.

More precisely, the citizenship by investment committee has expanded the definitions of ‘dependent persons’

• Parents and grandparents younger than 55 years

• Unmarried siblings of the main applicant and spouse

• Children born within 12 months of the granting of citizenship

In addition, the new amendments remove the requirement for depended children between 18-30 to be attending a higher learning institution, as well as for parents and grandparents to be financially supported by the main applicant.

Furhtermore the changes now provide the opportunity for investors to acquire citizenship through acquisition of CBI-approved real estate in the secondary market.

the Goverment of Grenada announces that the minimum investment requirment for the real estate option of the country's Citizenship by Investment program is reduce from $350.000 to $220.000

The Government states, that the changes are aimed to increase the interest for CIP, improving the program’s competitiveness and making it more attractive to investors without lowering the price and maintaining the integrity of the program.

Source: Immidaily.com

Read the full press release here