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Further amendments to the Grenada Citizenship by Investment Programme

Changes to Requirements and Contributions

The Grenada Citizenship by Investment Programme has been amended by virtue of Act no 3 of 2019. The amendments, which were introduced in May 2019 follow earlier changes in March 2019 which saw the real estate investment requirement reduced to USD $220,000 from USD $350,000 for property approved by the Citizenship by Investment Unit.

Changes implement in May 2019

The recent changes to the Grenada Citizenship by Investment Programme include:

Child Dependents

The increase in the age for children of the main applicant from 26 to 30 years old.

Children are no longer required to be enrolled in an educational institution.

Children of the main applicant born within 12 months of approval are now applicable for citizenship.

Parent or Grandparent Dependents

There is no longer an age restriction for qualifying parents and grandparents.

The requirement for adult dependents to reside with the main applicant is no longer valid.

Siblings

Siblings of the main applicant who are 18 or older and single without children can now be included in the application.

Contributions and Investments

An approved applicant of the Grenada Citizenship by Investment Programme must maintain the investment for five years from the approval of citizenship.

After five years approved citizens by investment through real estate can resell this property to new citizenship applicants. 

Related links

Topics

  • Law

Categories

  • cbi
  • citizenship by investment
  • grenada citizenship by investment
  • residency and citizenship

Contacts

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