Developers Promoting Grenada’s New Price Option Without Prior Approval Subject to Penalties, CIU Warns

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Following the introduction of its US$220,000 real estate co-investment solution on March 18th, the Grenada CIU reiterates that the new price option is only available to developers that have received advance written approval, and cautions that those found to promote the new price prematurely will be subject to review and possible penalty.

Read also: Breaking: Grenada CIP Cuts Minimum Investment Requirement on Real Estate to US$220,000

The circular – downloadable below – also clarifies that the CIU will not accept applications referencing the new price option in the absence of prior written approval from the Citizenship Committee for the corresponding project.

Read also: Grenada CIP Leaves Nothing to Chance in New CBI-Discounting Prevention Regulations

Want to know more about the Grenada CIP? To see statistics, recent news, official links, FAQs, approved developments, accredited agents, and more about this program, visit the Grenada CIP Program Page.

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Christian Henrik Nesheim AdministratorKeymaster

Christian Henrik Nesheim is the founder and editor of Investment Migration Insider, the #1 magazine – online or offline – for residency and citizenship by investment. He is an internationally recognized expert, speaker, documentary producer, and writer on the subject of investment migration, whose work is cited in the Economist, Bloomberg, Fortune, Forbes, Newsweek, and Business Insider. Norwegian by birth, Christian has spent the last 16 years in the United States, China, Spain, and Portugal.

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