With 30 applications per month throughout 2022, Grenada is making waves in the CIP world.
Real Estate is shown to be the most popular choice when it pertains to becoming a Grenadian citizen by investment. Studies show that in 2022 73% of approved applicants acquire real estate. In fact, Range Developments successfully sold out with their development Six Senses and is now working on a new one called Intercontinental. That is an example of how good they are doing with real estate as well! Grenadian CIP made a 27% improvement from 2021 with revenues that hit $133m US. However, as a consequence of this boom, the number of applications exceeding the previous years and the size of their backlog is also growing. Their backlog of applications appears to be so large that even if they received zero new applicants in 2023, they would still set an all-time approval and revenue record by processing the applications already on hand. Read more information on this by visiting IMI Daily.
In other news, Grenada allows Russian applicants and Russian nationals not residing in Russia are allowed to have their documents notarized in their country of residence, which will make the application process smoother.