ST GEORGE’S, Grenada, CMC – The Funding Migration Company (IMA), appearing beneath the course of the Citizenship by Funding Committee, has suspended the license of native CBI agent Reef View Enterprises Ltd. following a three-month investigation.
An announcement posted on the IMA’s web site on Friday introduced the suspension, which took impact the identical day.
“The Funding Migration Company (IMA), beneath the course of the Citizenship by Funding Committee, hereby notifies all stakeholders that efficient June 6, 2025, Reef View Enterprises Ltd. has been suspended from working as a Native Agent till additional discover beneath the Grenada Citizenship by Funding (CBI) Programme,” the discharge said.
The IMA defined that the choice adopted “severe breaches” of the agent’s obligations, together with the alleged misappropriation of investor funds and different conduct deemed dangerous to the integrity of this system. The investigation started in March 2025.
“This determination was made within the curiosity of preserving the integrity, transparency, and correct administration of the CBI Programme,” the discharge added, noting that Reef View Enterprises Ltd. is not approved to submit purposes or signify shoppers beneath this system.
In accordance with its LinkedIn web page, Reef View Enterprises Ltd. has served greater than 3,000 shoppers since 2020. The IMA’s round—labeled as Round Quantity Seven—confirmed that each one energetic and pending purposes beforehand dealt with by the corporate are at present beneath evaluation.
“Going ahead, the designated Advertising and marketing Agent for every file can be contacted instantly concerning the following steps for file transition, investor communication, and continued processing beneath the Programme,” the assertion continued. The IMA additionally gave the reassurance that it’ll work instantly with affected Advertising and marketing Brokers to make sure continuity of service and to safeguard official purposes.
“We urge all advertising and marketing brokers, builders, and repair suppliers to chorus from partaking with Reef View Enterprises Ltd. in any CBI-related issues efficient instantly.”
The motion was taken by Part 4(6) of Grenada’s Citizenship by Funding Act, 2013, which empowers the Minister to revoke an agent’s license if their efficiency is deemed to fall under acceptable requirements.
Grounds for revocation embrace diminished capability, assets, expertise, or integrity; failure to pay required charges inside 14 days of the due date; or non-compliance with the requirement to keep up a registered workplace in Grenada and notify the Committee of any modifications.
The suspension was introduced simply days after an investigative web site identified for reporting on corruption and monetary crime printed claims that the agent had defrauded CBI candidates and despatched unsolicited emails to others.
Headed by Colin Bishop, Reef View Enterprises Ltd. describes itself as “Grenada’s premier licensed CBI native agent offering bespoke immigration help to companies and personal shoppers.” It’s the second firm to be suspended in 2025. The primary was Singapore Heng Sheng (Grenada) Improvement Pte Ltd.
