ST. GEORGE’S, Grenada, CMC – Grenada has accredited 11,814 functions from January 2017 to September 2023, in response to figures launched by the Ministry of Finance.
It mentioned that the Dickon Mitchell authorities, which got here to workplace in June final yr, accredited 4 342 functions throughout the 15 months from July to September this yr.
Underneath the CBI, international traders are granted citizenship in return for making a major contribution to the socio-economic growth of the island. The names of all CBI residents will not be printed right here following an modification to the Citizenship by Funding Act.
In response to the 2023 Estimates of Income and Expenditure, the federal government’s focused income from the CBI program for the interval January to December 2023 is EC$240,4 million (One EC greenback=US$0.37 cents) with the ministry figures exhibiting that the federal government earned EC$239.5 million as on the finish of September.
“Which means the federal government will surpass the focused quantity by the tip of December 2023,” mentioned a neighborhood CBI agent who didn’t want to be recognized.
In a current report, the European Fee expressed considerations in regards to the CBI program in Grenada, St Lucia, St Kitts, Dominica, and Antigua.
“All 5 international locations permit profitable candidates to vary identification after acquiring citizenship by funding. In Antigua and Barbuda and Dominica, it’s allowed as of 5 years after acquiring citizenship; in Grenada after one yr; in St. Kitts- Nevis, it’s allowed upon acquiring citizenship,” mentioned the report, which was printed final month.
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