Out with the old and in with the new! Grenada has a new CEO for their Citizenship by Investment Unit (CBIU) as well as a few changes to program options.
Thomas Anthony is the new head of the CBIU for Grenada effective as of September, 2018. Mr. Anthony was previously the Deputy Chief Executive Officer of the Antigua & Barbuda Citizenship by Investment Union—one of the largest and fastest growing programs in the world.
In addition to a new boss, two new changes to the rules of the Grenada program have also recently come into effect.
The first change is in relation to dependents and includes the following details:
¥ Siblings of the main applicant (and the spouse of the main applicant) who are not married and do not have any children can now be included as a dependent of the main applicant.
¥ Parental dependents will not be required to be financially dependent on the main applicant.
¥ Children who are dependents and who are over the age of 18 will not be required to be enrolled in college or university.
The second change is in relation to real estate and states that:
Secondary purchasers of real estate units – applicants that apply to acquire citizenship through the purchase of real estate from a previous CBI applicant – in CBI approved projects will be eligible to obtain citizenship in accordance with all applicable regulatory requirements subject to payment of the minimum investment amount plus the required government contribution.
The minimum investment amount remains unchanged at $150,000 (for a single applicant) and $350,000 for real estate projects.
To learn more about these changes, or other citizenship by investment programs, contact us today.