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 by investment program has undergone a more comprehensive transformation in the last six months than that of Grenada: In September last year, the program hired a new head for its CIU – Thomas Anthony. In
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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” puts them at a distinct disadvantage. Show me the money New regulations for the Grenada Citizenship by Investment Programme stipulate that CBI-real estate developers must have a 20% equity stake in their projects to obtain
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Developers Promoting Grenada’s New Price Option Without Prior Approval Subject to Penalties, CIU Warns
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.
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Range Picks Grenada For Third Caribbean CBI-Project After Disappointments in St Lucia, St Kitts
Following unconfirmed reports last week, Range Developments has today officially announced that it will be developing several projects in Grenada’s La Sagesse area, beginning with a Six Senses luxury resort. Describing the first project, Range writes in a press release that the hotel’s setting will be in “an unspoilt area of remarkable natural beauty with
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Grenada CIP Leaves Nothing to Chance in New CBI-Discounting Prevention Regulations
In a follow-up circular to this week’s announcement that the Grenada Citizenship by Investment Programme had lowered its real estate investment requirement to US$220,000, the program’s CIU makes it clear that the practice of discounting CBI-real estate will not fly in Grenada.
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Breaking: Grenada CIP Cuts Minimum Investment Requirement on Real Estate to US$220,000
In a rule-change gazetted today, the Government of Grenada announces that the minimum investment requirement for the real estate option of the country’s citizenship by investment program is reduced from US$350,000 to US$220,000.
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Grenada to Investigate Stalled CBI-Shrimp Farm: “Collected Significant Sums,” Says PM
In a public announcement, Grenadian Prime Minister Keith Mitchell says his administration has opened an investigation into CBI-approved shrimp-farming project Grenada Sustainable Aquaculture (GSA).
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Grenada Amends CIP: Resold CBI-Property to Qualify – Siblings, Grandparents Now Eligible as Dependents
In a statement released yesterday, the Prime Minister’s Office in Grenada informs the public of a series of substantial changes to the country’s Citizenship by Investment Programme.
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2018 a Record Year for Grenada CIP: Revenue Up 26% Show Q4 Figures
Recently published fourth-quarter figures reveal the Grenada Citizenship by Investment Programme granted 851 passports in 2018, a 21% increase on the year before, and raised EC$ 147 million (US$ 54 million) in income, a 25.8% improvement. See also: Citizenship by Investment No Shelter Against Extradition, Grenada Warns Potential Criminal Applicants In 2018, the program received
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Citizenship by Investment No Shelter Against Extradition, Grenada Warns Potential Criminal Applicants
“We have extradition treaties with lots of countries, we have an extradition treaty with Russia, and if Russia requests you for anything illegal, we will send you back,” said Minister Steele.
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Kaisha Ince Steps Down as Chair of Grenada CIU
The Grenada Citizenship by Investment Unit has informed its agents, in a circular, that Kaisha Ince has stepped down from her position as Chairperson of the Citizenship by Investment Committee, a post she held for more than two years. See the circular below: The Grenada CIU did not have a CEO for most of this
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Grenada CIP Gains Ground in Q3: Revenue Up 33%
The Grenada Citizenship by Investment Programme has underperformed in 2018 compared to last year, but Q3 figures released today show signs of a turning tide. Having kept its real estate option investment requirement at 2016 levels while all competitors about dropped theirs, Grenada has seen a slight dip in applications in 2018. By the half-year
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Grenada’s New China Extradition Bill Aims to Strengthen CIP
Grenada, the country with the only citizenship by investment program in the world that offers visa-free access to China, passed in Parliament on Friday, an Extradition Treaty Bill that would make it easier for the island nation to extradite criminals (including CBI passport holders) to China, writes Grenadian-based The New Today. China is expected to pass the
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Siblings to Become Eligible for Inclusion in Grenada CIP-Applications
Unmarried siblings, financially independent parents, and non-student adult dependents of the main applicant may now be included in the application. Grenada’s Citizenship by Investment Committeehas revealed significant changes to its definition of “dependents” set to come into effect later this month. In a circular, provided by our friend Prabhu Balakrishnan, the Grenada CBIU writes: Siblings
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Thomas Anthony New CEO of Grenada CIU
Thomas Anthony – a seasoned veteran of the citizenship by investment due diligence field – starts his new job as CEO of the Grenada Citizenship by Investment Unit today. “Starting tomorrow, I will be the CEO of the Grenada CBI Unit. So looking forward to reconnecting with old friends and colleagues and furthering the relationships
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A History of Citizenship by Investment – Infographic
From Saint Kitts & Nevis in 1984 to Jordan, Moldova, and Montenegro in 2018; we’ve made a step-by-step guide to the history of citizenship by investment programs. The infographic, originally published in June 2017, has been updated to reflect the new citizenship by investment programs in Moldova, Montenegro, and Jordan. We’ve also expanded it to include
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Antigua PM Welcomes Grenada PM’s Inquiry Into Caribbean CIP Vetting Standard Adherence
Antigua & Barbuda’s prime minister Gaston Browne says he welcomes the Monetary Council of the Eastern Caribbean Central Bank’s (ECCB) initiative to investigate whether Caribbean citizenship by investment programs (CIPs) are following through on their commitment to have each applicant reviewed by regional security organizations. Last week, Grenadian prime minister Keith Mitchell – who has
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Grenada CIP Q2 Data: Real Estate Applications Down 28%, Total Revenue Down 39%
Second quarter data show Grenada’s Citizenship by Investment Programme is failing to sustain the upward trend in popularity it’s enjoyed for the last two years. Applications are down across the board, but the program’s real estate option is seeing the greatest attrition, falling by a whopping 28%. The explanation is simple; Since last year, Grenada
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