From January to June 2023, the Cabinet of Grenada approved 2,011 people to become citizens through the Citizenship by Investment (CBI) programme, according to the latest public data released by the Ministry of Finance.
There were 980 approved during the first quarter January to March, and 1,011 approved during the second quarter April to June. The fiscal report for January to June shows that the Government’s revenue from CBI for that period was EC$157 million — the most earned from the programme since its launch in 2014.
There were 1,108 applications and 17 rejections. According to the CBI second-quarter report, 259 of the new citizens were through the National Transformation Fund investment, while the remaining are investors in already approved projects.
Under the CBI legislation, an individual can apply for citizenship via 2 routes. An applicant opting for the NTF route must contribute at least US$200,000 to the Fund, while an applicant opting for the approved project or real estate route must invest at least US$220,000.