Grenada extends deadline for applicants to its CBI programme

Grenada has extended the deadline for applicants to its Citizenship by Investment programme who were affected by the passage of Hurricane Beryl.

 

Under the CBI programme, foreign investors are granted citizenship in return for making a significant contribution to the country’s socio-economic development.

 

A statement issued by the Investment Migration Agency, which manages the CBI programme, noted that as of July 1 this year, a revised pricing structure was scheduled to go into effect.

 

But, Grenada was among the countries affected by the category 4 storm that left a trail of death and destruction as it made its way across the Windward Islands last Monday, the same day the new pricing structure was due to go into effect.

 

Grenada joined the other countries within the sub-regional Organisation of Eastern Caribbean States, namely, Antigua and Barbuda, Dominica, St. Kitts-Nevis and St. Lucia, with a CBI programme in signing a Memorandum of Understanding that among other things establishes the minimum investment threshold of US$200,000 with the starting date of July 1.