ST. GEORGE’S, Grenada, CMC—Since coming to workplace greater than two years in the past, the Grenada authorities has granted citizenship to greater than 8,000 individuals below the Citizenship by Funding Programme (CBI).
Underneath the CBI, Grenada offers citizenship to overseas nationals in return for substantial funding within the nation’s socio-economic growth.
Figures launched right here present that the federal government acquired EC$753.4 million (One EC greenback = 0.37 cents) in income below the CBI program from July 2022 to June 2024, when 8512 individuals acquired citizenship.
Information from the Citizenship by Funding Unit just lately rebranded because the Funding Migration Company (IMA): From January to June 2024, the cupboard accredited 3034, 4764 for January to December 2023, and 714 for July to December 2022.
The CBI program started in 2014 below the previous New Nationwide Social gathering (NNP) administration. From 2014 to June 2022, the federal government accredited 7472 new residents.
This yr marks the tenth anniversary of this system, and a assessment of the info from the Ministry of Finance and IMA web site exhibits that the full variety of residents accredited by way of this system is 15,984.
As of July 2024, the Ministry of Finance and the IMA web site offered a program breakdown. Whereas the Ministry of Finance information targeted on the income earned, the IMA web site offered particulars on the variety of new residents and the geographic places of candidates.
Based on the IMA breakdown, China and Nigeria are the places for the best variety of accredited new residents. Each jurisdictions are constantly accountable for nearly 50 % of accredited candidates, whereas there’s a fluctuating quantity from a number of different locations, together with america, India, Lebanon, Ukraine, South Africa, Turkey, Iraq, Syria, Pakistan, France, Saudi Arabia, Egypt, Algeria, Nice Britain, Thailand, Vietnam, Bangladesh, Turkey, Argentina, and Hong Kong.
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