By Special Invitation: Grenada launches a "citizenship by invitation" programme

 


Granada is following in the footsteps of some European nations in offering an invitation to high income investors who want to set up businesses in the Caribbean Island. Benefits include expedited citizenship processing and use of private planes, among others. This differs from the older Citizenship by investment programme.

They will also have opportunity to meet with the island’s leadership to consult on investments and “driving innovation.” Grenada's Prime Minister Dickon Mitchell will host an annual two-day advisory session to include a board constituted of the elite investors.

It’s a first of Grenada who will specify investment levels , looking for talent, entrepreneurial experience and money to invest.

“The concept of ‘citizenship by invitation' is set to revolutionize the way that investment is channeled into communities," a statement read. "It will empower governments such as Grenada to tailor their citizenship programs and attract hand-picked investors with the talent, experience, and capital to make an impact."

Investors will be reviewed by global citizenship financial advisory services firm Forbes Global Talent and Arton Capital, who designed the programme for the Government of Grenada and will partner with government for project execution.

The process starts with a noon-refundable donation to an existing business. The first set of invitations are slated to be sent out on February first, 2025.

Spain and Portugal have placed limitations on a similar programme as it has increased housing prices, proposing a 100 per cent tax on homes purchased by outsiders.



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