New changes to Grenada Citizenship by Investment program
Apart from minor changes in the documents that applicants must provide, such as a letter of authorisation and beneficial ownership list, Grenadian authorities have established the categories of dependants and associated investment amounts.
Dependants in the Grenada CBI program
Apart from obvious dependants like a spouse and minor children, other children and parents can qualify to apply under the citizenship by investment program.
- Children not older than 30 years of age and fully maintained by the main applicant or their spouse. They are no longer required to be full-time students.
- Parents and grandparent of the main applicant or their spouse. No age restriction.
- Siblings of the main applicant or their spouse over 18 years of age, single, childless.
- Babies born within a year after citizenship has been granted to their mother and father.
Additional investment
The Grenadian government is introducing additional contributions for the following dependants, provided their application is approved. It means they are only required to make them after approval in principal.
- $50,000 for a parent younger than 55 years of age.
- $75,000 for a qualifying sibling.
Grenadian permanent residence
There will be no more requirement to acquire permanent residence status prior to obtaining Grenadian citizenship by investment. It has been scrapped and a new form of ID will soon be announced.
