Grenada Citizenship-by-Investment Programme Changes

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Following the appointment of Thomas Anthony as the new CEO of the Grenada Citizenship-by-Investment Unit, we can reveal further programme enhancements.

The most intriguing of these enhancements is the expansion of the dependant category. A first for the Caribbean Citizenship-by-Investment Programmes (CIPs), Grenada will now allow you to include you and your spouse’s siblings. This is as long as they are not married or have children.

Other changes include dependent parents will no longer need to be financially dependent on you. Dependent children over 18 no longer need to enroll in a post-secondary institution.

Latitude’s Director of Global Sales, Jon Green, explains: “These are true programme differentiators that will certainly give the Grenada CIP a competitive advantage over the other regional CIPs.”

“For families whose children recently graduated this will be the only CIP option where you can include them in the application. These enhancements and the fact Grenada is an E2-visa treaty country with the US will certainly increase demand for the programme.”

Another welcome announcement concerns the resale of qualifying properties. If you utilize the real-estate option as the qualifying investment, you will now be able to resell the property. It will qualify the next purchaser for citizenship. This  is as long as they commit to the minimum investment and make the required government contribution.

These programme enhancements will come into effect once the corresponding legislation has been amended which is expected later this month.

To discuss your own eligibility for the Grenada Citizenship-by-Investment Programme, contact our Caribbean Managing Director, Christopher Willis.