Grenada’s Citizenship by Funding (CBI) authorities have suspended native agent Reef View Enterprises Ltd. following a three-month investigation into severe breaches of its obligations below the programme.
In response to a 6 June information launch from the Funding Migration Company (IMA), the suspension took impact the identical day and stays in place “till additional discover.” The motion was taken below Part 4(6) of the Citizenship by Funding Act, 2013, which permits the Minister to revoke or droop a license if an agent’s conduct or capability falls beneath required requirements.
“This motion was taken following the Committee’s overview of great breaches of the agent’s obligations, together with the alleged misappropriation of investor funds and different conduct deemed detrimental to the integrity of the Programme,” the discharge said. “Within the curiosity of preserving the integrity, transparency, and correct administration of the CBI Programme,” Reef View Enterprises is not authorised to submit purposes or signify purchasers.
The IMA confirmed that each one lively and pending purposes beforehand dealt with by Reef View Enterprises are actually below overview. “Going ahead, the designated Advertising and marketing Agent for every file can be contacted straight concerning the following steps for file transition, investor communication, and continued processing below the Programme.”
Reef View Enterprises, headed by Colin Bishop, describes itself as “Grenada’s premier licensed CBI native agent offering bespoke immigration help to companies and personal purchasers.” Its LinkedIn web page states it has served over 3,000 purchasers since 2020.
The IMA urged all stakeholders to stop any CBI-related engagements with the corporate efficient instantly. “We urge all Advertising and marketing Brokers, builders, and repair suppliers to chorus from participating with Reef View Enterprises Ltd. in any CBI-related issues efficient instantly,” the assertion learn.
The corporate’s suspension comes simply days after a separate media report alleged that the agent had defrauded some candidates and despatched unsolicited emails to others. Reef View Enterprises additionally claims to supply CBI-related providers in different Caribbean territories, in addition to Vanuatu and Turkey.
It’s the second firm to be suspended for 2025. The primary was Singapore Heng Sheng (Grenada) Growth Pte. Ltd.
Stakeholders searching for help with transitioning affected purposes or clarifying company standing have been suggested to contact the IMA at [email protected].
