REBORN: Grenada Parliament approves citizen by investment program
Tuesday, August 20, 2013 at 8:34PM UPDATE: August 21, 2013 - Bill was approved by Senate and the Grenada Citizenship by Investment program is now law. We are still waiting for the result of the cabinet meeting, for the final details.
______________________________________________________
On August 9th, 2013, the Grenada Paliament appoved the new, reborn, economic citizenship program. Cabinet met again on August 19-21th, 2013 to discuss the details, and the final program should be ready to process applicants by the start of September 2013.
The government has been working behind the scenes on the CBI program for months now, and most of the legal and administrative issues associated with the program have already been worked out.
Applications for the citizenship program will be by invitation only and applicants will be pre-screened before submitting documents. Simular to the St. Kitts & Nevis Program there will be 2 options to qualify; Aquisition of authorised real estate and through a donation to the Island Transformation Fund (ISF).
To begin the program, only one development is selling authorised real estate. The exclusive Mt. Cinnamon resort on Anse Beach is construction ready, with the expansion of the project. NTL is an authorised agent with the resort, please contact us for more information on the program.
The donation ammount to the government controlled Island Transformation Fund (ISF), although not finalized yet, will be inline with the donation to the St. Kitts & Nevis SIDF fund. Additionally the ISF donation option may include some residency requirements.
This exciting new program has been carefully planned out by the Grenada government and looks to be one of better options for a new or second citizenship, with faster processing times that other countries, and total investment simular or less than other options in the Caribbean.
NTL has been involved with and monitoring the process over the past few months, and NTL agents have been spending time in Grenada preparing to guide clients through the Grenada citizenship process.
Get ready to jump in with two feet - Grenada Citizenship can be your in as little as 60 days!