The Caribbean island nation of Grenada has marked a significant milestone in its Citizenship by Investment (CBI) program. In the span from January 2017 to September 2023, the government has given the green light to 11,814 citizenship applications.
This surge reflects a robust interest in Grenada’s investment opportunities and the allure of its citizenship perks.
A 15-month snapshot of rising approvals
The Ministry of Finance’s latest data indicates that from July 2022 through September 2023, over 4,000 applicants were granted citizenship.
This 15-month window alone accounts for a substantial fraction of the total approvals since 2017.
The CBI program: A gateway to Grenada’s development
Grenada’s CBI initiative offers foreign investors a chance to become citizens of the island.
Under the CBI, foreign investors are granted citizenship in return for making a significant contribution to the socio-economic development of the island.
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