by Linda Straker
- Approved project status revoked effective 7 July 2023
- Decertified projects published in Government Gazette 4 August edition
- Decertification notices signed by CBI CEO Thomas Anthony
A Citizenship by Investment (CBI) approved project whose main office is in Nova Scotia, Canada, is among 5 projects recently decertified by the CBI office, and as a result, the developer(s) or owner(s) are to refrain from sourcing potential investors for these projects.
All 5 projects were decertified on 7 July 2023 and published in the 4 August edition of the Government Gazette. The decertification notices were signed by Thomas Anthony, who is the Chief Executive Officer of the CBI office.
Prime Minister Dickon Mitchell announced in June 2023 that the office was in the process of decertifying several projects because they failed to commence despite being approved years before his administration was elected to office in June 2022. “If you have been approved and you have not started the project, there is no indication that you intend to do so, we will not hesitate in ensuring that we decertify the project,” he said in an interview to mark to the 1st anniversary of his administration in office.
“Notice is hereby given that pursuant to Regulation 15 (4) of the Citizenship by Investments (Approved Projects Investments) Regulations that New Opportunities Investment Limited (NOIL) of 200 Barrington Street, Suite 1300 — Cogswell Towers, Halifax, Nova Scotia, Canada. B3J3K1, approved project status is hereby revoked effective as of the 7th day of July 2023,” explained the decertification directive.
The local companies decertified are Hope Development Limited/La Pointe Grenada, Grenada Corolla Consultant Limited, Horseshoe Cove Resort, and Port Louis Ltd.
Like the Canadian company, according to the notice, all local companies “shall not, as of the 7th day of July 2023, advertise the decertified project as an approved project on any websites and on any promotional advertising material; and shall immediately refrain from sourcing potential investors to invest in the decertified project.”
Since 2014, over 8,000 people from different parts of the world, including China, Russia, Nigeria, South Africa and India have become citizens of Grenada through the CBI programme. Applicants can either pay a prescribed amount to the National Transformation Fund or become an investor in a CBI-approved project.
Storm why is Grenada not on the list for visa-free but st Vincent’s
Why is st Vincent on the list these are free zone to the UK but not Grenada
Why is st Vincent citizens has visa free zone to the UK but not Grenada can someone tell me please.
I was distracted but can someone please answer this question for me.
With only 5 people been denied/lost their citizenship, what investment have the 7995 done/doing since 2014?
Storm can you tell me why st Vincent citizens has visa free zone to the UK but not Grenada I live in the UK that is not fair why Grenada not on the list for visa free zone please advise
Storm tell me why st Vincent is on the list for visa free zone to the UK that why Grenada is not that is not fair
Why st Vincent’s on the list to the UK visa free but Grenada is not why
Storm why is Grenada not on the list but st Vincent is
As is the same as getting passports visas etc you have to go to Barbados so why can’t Grenada citizens can get there visas etc etc in Grenada it would be a lot better as well and easier and cheaper so I do understand storm what you are saying
This is incredibly as 8000 new citizens to our small population of 100k is high and the cost / financial benefits are not helping or passing down to the people who really needs help.
I understand that the UK and other countries are now making it more difficult for citizens from Grenada to enter their country which is partly due to CBI but they won’t come out and say so.
Just to let you know that the UK and Europe and other countries did say that it was because of CBI so I am sorry that the Grenada’s citizens are in the middle of is. It’s not fair I know. I live in the UK and I have a Grenada partner. so it’s going to be hard for all.
When a Commonwealth nation decides to sell access for cash to their country which also allows visa free access to the UK quite rightly the entire citizenship will be denied visa free access. They have enough issues with illegal immigrants gaining access to the UK and so it’s an easy issue to control because the UK doesn’t know who Grenada has decided to sell this benefit to, and I doubt very much that Grenada knows the background of people they sell access to. It’s a shabby cash grab and so far Grenada citizens have seen no benefit whatsoever