The Government of Grenada announced yesterday 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.
Similar to changes in other Caribbean CIP-countries over the last year, the new price is only applicable in cases where applicants co-invest in a unit, for a total of US$440,000 each.
These changes come hot on the heels of an announcement earlier this year that the government intends to allow the inclusion of grandparents and siblings as dependents in a citizenship application and that resale CIP properties would allow the buyer to apply for citizenship as well. These change are however yet to be formalised.
For more information or a bespoke quote to apply to the Grenada citizenship by investment program, please contact us.