Grenada approved citizenship to 1300 new citizens under CBI programme

Grenada Citizenship by Investment

The Grenada Citizenship by Investment Programme (CBI) came into effect in August 2013, when the Grenadian Parliament passed Grenada Citizenship by Investment Act, 2013.

The Grenada CBI allows individuals and their families to obtain citizenship or permanent residence through a qualifying investment in Grenada such as  one time payment of USD 200,000 to NTF  or buy a property for USD 350,000 and qualify for Grenadian passport.

For these reasons, the Grenada citizenship by investment programme has become more popular. Grenada also ranked third in a recent Citizenship by investment survey  (CBI Index) by James McKay.

According to official statistics of the Grenada citizenship by investment programme, from 2013 until June 2017.

  • Grenada received a total of 495 applications until June 2017
  • Grenada approved 1300  new citizens in total (main applicant and family members)
  • Grenada rejected 39 applications in total.
  • Grenada approved 182 NTF applications
  • Grenada approved 167 investment applications

Grenada CBI statistics

These numbers show investment route (real estate) popular along with NTF contribution option.

New Citizens Applications Received Applications Refused NTF  (approved applications)  Investment (approved applications)
2014  19 23 1 6 7
2015 348 108 4 14 73
2016 484 175 19 73 51
2017 449 189 15 89 36
Total 1300 495 39 182 167

Grenada CBI Statistics

Sources:

http://www.finance.gd/docs/CBIcumulative.pdf (2015)
http://finance.gd/docs/CBIStatisticsfor2016.pdf (2016)
http://finance.gd/images/CBIStatistics2Quarter2017.pdf (2017)
http://finance.gd/index.php/2015-11-11-14-02-59





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Balakrishnan Prabhu

Mr. Balakrishnan Prabhu is the founder of Corpocrat magazine. He is also the founder of Best Citizenships (BC), assisting wealthy individuals with with global citizenship and residency programs in Europe. His other interests are Linux, Machine learning, Wordpress, etc. You can contact him here