Thomas Anthony, who has headed the Grenada Citizenship by Investment Unit (CIU) since September 1st last year, will not be renewing his one-year contract when it expires on August 31st.
Anthony confirmed as much in a message to IMI’s editor but did not at present wish to publicly comment on the reasons for his departure.
During Anthony’s term, the Grenada Citizenship by Investment Programme has undergone a series of broad policy enhancements, including:
- In March, the CIP introduced wide-ranging amendments to the definition of “dependent” and announced that the CIP-real estate would be available on a secondary market.
- Also in March, it opened for the possibility of co-investment in real estate, effectively reducing the minimum investment from US$350,000 to US$220,000, but also imposed strict requirements on developers who wished to market their projects under the new price option.
- The CIU announced stringent documentation requirements for real estate transactions aimed to avoid the illegal discounting experienced among similar programs in the region.
Want to know more about the Grenada CIP? To see recent stories, statistics, accredited agents, approved developments, and more, visit the Grenada CIP Program Page.
Hundreds of companies can assist with applications to the Grenada CIP. See which ones in the Residence and Citizenship by Investment Company Directory.
