Grenada CIU Clarifies: Russians Still Barred From CBI Program, Minister’s Statements Incorrect
The Minister admits to have spoken out of turn: Russians, Belarusians, Iranians, and North Koreans remain banned from the Grenada CIP.
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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– Path to citizenship
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The Minister admits to have spoken out of turn: Russians, Belarusians, Iranians, and North Koreans remain banned from the Grenada CIP.
Minister Thomas said the CBI program is once more open to applicants of any nationality, the 4th such policy change in under two years.
2023 is, by any measure, already a year of extreme records for Grenada. And that’s before the CIU has processed its backlog worth US$450m.
Realord Group shares a construction update on their Grenada CBI project, the Hartman University Town & Resort.
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.
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