Russians Account for 90% of Grenada CBI Applications in 2023, Reveals Program Chairman
While it was always assumed Russian applicants had driven the program’s meteoric rise, the extent of their impact is only now becoming known.
The Grenada Citizenship by Investment Program allows investors who acquire government-designated real estate assets for US$3500,000 (sole ownership) or US$220,000 (fractional co-ownership) to qualify for citizenship in the country.
There are other ways to qualify, including through donations. Learn more on the Grenada Citizenship by Investment Program page.
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While it was always assumed Russian applicants had driven the program’s meteoric rise, the extent of their impact is only now becoming known.
The question on everyone’s mind is if other Caribbean CIPs will raise prices like Saint Kitts. IMI contacted each to get an answer.
With half a year to spare, Grenada’s CIP has already set a new annual revenue record of EC$573m, two-thirds of it in the form of real estate.
Develop or get de-certified. That is the message Grenada’s CIU is sending approved real estate developers with this round of culling.
Hartman Group interviews former Grenada CIU executive about how the new “6 CBI Principles” will impact applicants for Grenada’s CIP.
If the CBI developer itself funds the escrow account, how does the CIU know the CBI applicant actually invested the full amount?
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