by Linda Straker
- 980 citizens approved from January to March
- 1,011 citizens approved during April to June
- CBI revenue of EC$157 million is most earned since programme launched in 2014
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. They must keep the real estate for at least 5 years following the grant of citizenship.
The Government has not approved any new CBI project for 2023.
The Government’s public data does not reveal the original place of residency or birth for applications, but a migration discussion held in November 2022 revealed applications are mainly from Nigeria, China, South Africa, India and Russia.
As of 31 March 2023, Grenada stopped accepting applications from Russia and Belarus, resulting in many applications from these territories. All applicants to the programme go through a series of background due diligence from regional and international investigating agencies before approval is granted.
The 2023 Estimates of Revenue and Estimate presented in December 2022, show that the Government is targeting total revenue of EC$240,461,920 for the year from the CBI programme. There was no breakdown as to the amount targeted through the 2 options of the programme.
Well Grenada citizens you vote of them in what you should do I threw a big protest and say all this money coming in from the CBI start building hospitals buying hospital equipment you homes better pensions better healthcare so who’s fault is it at the end of the day you citizens are allowed this to happen because you voted them in I would advise you to stand up and say that is enough let’s say this money going into good use for the poor but just remember your new prime minister has actually said it doesn’t care about the poor all he cares about the rich so you you can vote them out I get someone or some government who would look after you properly and who care for you and treat you right properly you have a lovely country but your politicians only think about themselves and the rich and just let you know the minimum is nearly two hundred thousand dollars EC that’s the buy the passport as I said your government only thinks about the rich as I said to you before and the other article so yourselves out and start telling your government to get their act together and stop thinking about the bridge and thinking about the poor of the society and every then man woman and child get this money put into proper use healthcare health equipment proper nurses make sure you have medication in your hospitals and your health minister tells you don’t turn up to hospitals as we said that in the UK there’ll be an outroar so please make sure you tell your government the put the money in better use it’s not for for the rich or for you politicians they’re going to buy their houses and etc etc the money is there for the country and for the every land role and child rich or poor but mainly for the poor better healthcare that’s however everything tell your politicians that but will they listen to you no stand up for your rights and don’t let these politicians screw you over good that take care god bless you all I hope you’ll have better healthcare better health equipment better nurses better doctors dentists etc etc better pensions better homes better benefits as I say your prime minister says he doesn’t care about the poor all is interested in as itself and what he got off it’s before he loses the election and now yes ask him how much it’s costing the travel all this time and I’ll bet you any money you like he’s living it up in luxury are you poor people are not so good luck to you all got a lovely country
240 Million can not be earned so easily from our resources in Grenada, it’s a significant amount, I just hope the government can use it wisely.
This program must be canceled with immediate effect.
This program must be canceled with immediate effect.
Vote NDC out.
I have one suggestion for the investing some of the funds obtained from this scheme….use it to strengthen your infrastructure for long term benefits for our youths.
They can start by building new police stations etc.
Also what is the minimum cost to an applicant for CBI ?
Mark my words, the NDC will lose the next election. Grenada will be better serves by a nationalist leader. De Con squandered the chance we gave him.