ST. GEORGE’S, Grenada, CMC—The Grenada authorities has introduced plans to create an financial advisory group concentrating on handpicked high-net-worth people invited to change into residents via the Citizenship by Funding (CBI) program.
Beneath the CBI, overseas nationals are granted citizenship of Grenada in return for making a considerable contribution to the nation’s socio-economic improvement.
The Funding Migration Company Grenada (IMA Grenada) has teamed up with Arton Capital and Forbes World Expertise to supply handpicked high-net-worth people the chance to put money into Grenada’s citizenship and supply ongoing advisory providers to Grenada’s Prime Minister.
In accordance with the web site mygrenadasolutions.com, which is run by accredited CBI advertising agent GCBI-MA-0068, the initiative is known as Citizenship by Invitation. It invitations change-makers on Forbes’ billionaire listing who’ve experience in areas of curiosity to Grenada to use for citizenship and change into advisors to Grenada’s policymakers.
The web site says that the financial advisory function, achieved upon their naturalization, shouldn’t be thought of a particular appointment and doesn’t include a diplomatic passport. As an incentive to use for citizenship, these specifically invited people will profit from precedence processing of their purposes, which can be processed in a minimal of three to 4 months.
Grenada earned nearly EC$500 million (One EC greenback = 0.37 cents) final 12 months when it accredited 5,443 new residents via the CBI program. This system began in 2014, and for the primary decade, greater than 15,000 folks have obtained citizenship. Over half of the brand new residents had been accredited between July 2022 and December 2024.
In September 2024, Grenada was one of many Caribbean international locations providing Citizenship by Funding Programmes (CIP/CBI). It took sensible steps in direction of establishing a regional regulator by appointing an Interim Regulatory Fee.
Julia Lawrence is Grenada’s consultant on the Interim Regulatory Fee. It’ll function a technical working group charged with absolutely growing the regional regulator’s plans and implementation. It’ll function till the primary board of the regional regulator is appointed.
