The Grenada Citizenship by Investment Programme has been amended by virtue of Act no 3 of 2019. The amendments, which where introduced in May 2019 follow earlier changes in March 2019 which saw the real estate investment requirement reduced to USD $220,000 from USD $350,000 for property approved by the Citizenship by Investment Unit.
Changes implement in May 2019
The recent changes to the Grenada Citizenship by Investment Programme include:
- The increase in the age for children of the main applicant from 26 to 30 years old.
- Children are no longer required to be enrolled in an educational institution.
- Children of the main applicant born within 12 months of approval are now applicable for citizenship.
Parent or Grandparent Dependents
- There is no longer an age restriction for qualifying parents and grandparents.
- The requirement for adult dependents to reside with the main applicant is no longer valid.
- Siblings of the main applicant who are 18 or older and single without children can now be included in the application.
Contributions and Investments
- An approved applicant of the Grenada Citizenship by Investment Programme must maintain the investment for five years from the approval of citizenship.
- After five years approved citizens by investment through real estate can resell this property to new citizenship applicants.
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