Grenada reduce price for economic citizenship
Grenada joins the recent round of price reduction for regional economic citizenship precipitated by St Kitts and Nevis in September. During the 11th Global Residence and Citizenship Conference in Hong Kong the chair of Grenada’s Citizenship by Investment Committee, Kaisha Ince, announced that the Grenada citizenship by investment programme (CIP) will have significant changes.
The price for the economic citizenship for a single applicant will lower from US$200,000 to $150,000. St Kitts and Nevis initiated and this was followed by Antigua and Barbuda. Dominica and Saint Lucia were already at the lower end of the scale.
The Grenada Citizenship by Investment Committee announced that dependent children may be aged up to 30 years old and are no longer required to be enrolled in school. Previously, only children under the age of 26 who were currently enrolled in school qualified as dependents. Dependent parents above the age of 55, moreover, will no longer be required to pay the additional contribution of US$50,000 to qualify.