Grenada to allow siblings in CBI applications

Dr . Antoine Saliba Haig | 12 Sep 2018

Grenada to allow siblings in CBI applications

Grenada to allow siblings to be included in Citizenship by Investment applications


Following the recent appointment of the new CEO for Grenada’s Citizenship by Investment Unit, Mr Thomas Anthony, changes are expected to be made to Grenada’s citizenship by investment programme. Established in 2013, the Caribbean island’s citizenship scheme is undergoing amendments which are expected to be in place for later this month broadening the type of dependents who can join the investor in the same application. 


The changes which are expected to enter in force are the following ::
1.    Siblings of the main applicant and the spouse may be included in the application subject that they are unmarried and do not have any children;
2.    Parent dependents will no longer be required to be financially dependent on the main applicant in order to be included in the same application;
3.    Adult children will not be required to be enrolled in a college or university 


If introduced, Grenada will become the first citizenship by investment programme which will allow siblings of the main applicant and the spouse to be included in the same application.


No changes regarding the investment required have been mentioned so far and thus the donation option still remains at USD 150,000 for a single applicant and USD 200,000 up to a family of four. With respect to the real estate option, Grenada still requires one of the highest investment when compared with other programmes in the Caribbean region, with an investment of at least USD 350,000.


The amendments are expected to be formally published by the Grenadian Government and enacted formally later this month. 
 



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