Grenada Prime Minister Dickon Mitchell, who holds responsibility for citizenship, has revoked the licenses of two local agents and five companies authorized as marketing agents for the Citizenship by Investment (CBI) programme.
The decision, published in the August 29, 2025, edition of the Government Gazette, cited Section 6 of the Citizenship by Investment Act, which empowers the minister to revoke an agent’s license if performance standards are not met. Grounds for revocation include lack of ability, resources, experience or integrity, as well as failure to pay the annual license fee of US$5,000 within 14 days of the due date.
The local agents whose licenses were revoked are attorneys Winnifred Duncan Phillip and Avril Anande-Trotman Joseph. The companies affected are Spiceland Trading, GNDC Advisors Limited, Global Citizenship Advisory Services, DCS (Grenada) Corp, and Efficient Solutions Limited. Except for Global Citizenship Advisory Services—based in the British Virgin Islands—all are locally registered.
Although the notices were published last week, they were originally dated February 17, 2025. One local agent clarified that the revocation was voluntary, noting it was a personal decision to discontinue as a CBI agent. The process reportedly took about 12 months to complete.
Grenada’s CBI programme, launched in 2014 and recently rebranded as the Investment Migration Agency (IMA), has grown into a significant revenue source for the government in the past three years. The programme allows qualified individuals to obtain Grenadian citizenship through financial investment, and currently counts more than 12,000 citizens from nations in Africa, the United States, and the Middle East.
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