US Ambassador Lauds Grenada CIP’s Use of JRCC Due Diligence
The ambassador praised Grenada’s use of the JRCC’s facilities and conceded that “some countries use it more than others”.
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If Second Half of 2020 is as Good as The First, Grenada CIP Has Another Record Year in Store
On a dollar-basis, revenues from the real estate option already outpace those from NTF contributions; EC$55 million versus EC$46m in 2020.
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Kimpton Kawana Bay Launches Sales of the Last Units in the Final Phase
The next 5-star beach resort to open in Grenada, Kimpton Kawana Bay, has announced the much-anticipated launch of its final units for sale.
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Grenada CIP Developer Caught on Camera Promoting Illegal Discounts: CIU Investigating
The CIU is investigating and has promised to take “appropriate action” against discounting and buybacks that it says are illegal.
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Kimpton Kawana Bay Phase 1 Sold Out, Very Few Units Remaining in Phase 2 and 3
The first phase of the project is sold out, as well as all suites and the vast majority of the single title studios in the Matura building (phase 2).
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Pandemic Reveals Disparities in Processing System Robustness Among RCBI Programs
The Dominica CIU, accustomed to processing during hurricanes, finds that maintaining operations amid a pandemic is, relatively speaking, a breeze.
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Grenada CIP Fully Digitizes Applications, Antigua Offers Discounts for Post-Hoc Dependents
Grenada goes 100% digital in response to coronavirus crisis, while Antigua’s CIP slashes the price of adding dependents to already-approved applications.
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Range Developments: Circulation of False Claims Are “Morally Reprehensible”
Following the circulation of news articles in Grenada, Range Developments say they are once more the target of false claims made in public.
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2019 a Record Year for Grenada CIP: Real Estate Outpaces Donations For the First Time in 4 Years
A sharp uptick in real estate investment and drastically improved processing saw the program raise EC$166 million in 2019, 13% more than its 2018 record.
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Diplomatic Passports Have Nothing to Do With CBI (Or At Least They Shouldn’t)
Two in-principle unrelated matters – diplomatic passports and CBI programs – are being conflated to the detriment of the Caribbean, writes Carlyle Rogers.
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Turkey is Giving Grenada a Run For Its E2 Money, Three More Competitors Waiting in The Wings
Turkey surprised many by becoming the world’s most popular CIP. None more so than Grenadians, who are finding their cozy corner of the market contested.
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E2-Shortcut to the US: The New Must-Have for Citizenship by Investment Programs?
Why is the Turkey CIP the world’s most popular despite its lack of Schengen-access? Why are 98% of Grenada CIP-applicants Chinese? Answer: E2.
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Grenada CIP Case Handling Grinds to a Halt in Q3; Average of 7 Applications Processed a Month
While investor appetite for Grenada’s CIP is rising quickly, the program’s authority appears uninterested in evaluating its suitors.
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Grenada CIP, Under New Management, Sees Spike in Real Estate Approvals in Q2
Grenada’s CIP, who recently appointed a new CEO, saw significant increases in revenue, approvals, and rejections in the second quarter this year.
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Grenada CBI Developers Sue Landowner For US$20 Million – Judge Orders Asset Freeze
The developers of the Levera Resort accuses the plot owner of selling land on false premises and of “running a confidence game from the very beginning”.
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Grenada: CBI-Developer Promises 500 Jobs During Construction, 300 Once Operational
Mohammed Asaria, Managing Director of Range, describes the project as “transformative” and vows to make La Sagesse “the second tourism capital in Grenada”.
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Grenada’s Q1 CIP Revenue Doubles That of Same Period Last Year
Should Q1 prove an indication of an overall trend rather than an anomaly, Grenada can expect to beat its all-time record from 2018 this year.
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Thomas Anthony’s Tenure at Grenada CIU to End in August After One Year at the Helm
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.
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Grenada Publishes Sweeping Amendments to its Citizenship by Investment Act
Grenada’s government has just published a wide set of amendments to its Citizenship by Investment Act of 2013. No citizenship
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Industry Largely Welcomes Grenada CIP’s 20% Equity Rule, But Not Everyone is Happy
While prominent industry commentators laud the introduction of a skin-in-the-game requirement, some Grenadian developers say the government’s definition of “skin”
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