New changes to Grenada’s Citizenship by Investment Programme (CIP)
New developments to Grenada’s Citizenship by Investment programme (CIP) have been announced, enhancing the benefits of the programme and making it even more attractive to HNWIs!
Currently, Grenada’s CIP is one of the most reputable and affordable in the Caribbean region, with investment requirements starting from USD$200.000 for a family of four people. Grenada passport holders enjoy visa-free travel to over 130 countries worldwide, including the UK, EU Schengen countries and China. Grenada also offers access for its citizens to the USA E2 treaty investor visa.
The new enhancements to the programme are set to attract even more investors, with the major changes referring to the category of the dependents permitted to be included in applications.
More precisely, in accordance to the new amendments, the following provisions shall apply:
Siblings of the main applicant (and the spouse of the main applicant) who are not married and do not have any children may be included as a dependents of the main applicant;
Parent dependents will not be required to be financially dependent on the main applicant.
Child dependents over the age of 18 will not be required to enroll in college or university.
The enhancements also provide for a modification in the category of real estate investment, whereas under the new criteria, secondary purchasers in real estate may be eligible in for the citizenship programme, provided that they meet the minimum investment and government donation criteria.
The new developments are expected to come into force in October 2018. More information and details will be provided as soon as they become available.
For more information please contact us at Grenada@onecitizen.com