RCP NEWS

Grenada’s 2020 CBI Revenue Hits Record, Real Estate Investment Doubled

Aug 19th 2021 in Caribbean, Citizenship
Grenada Property News

Grenada’s citizenship by investment program logged a fourth consecutive year of growth in 2020, breaking a number of records in the process:

  • Overall program revenue (including investments, donations, and fees) reached an all-time-high of EC$ 253 million in 2020, a 52.4% improvement on the EC$166 million raised in 2020.
  • Applications received numbered 394, another all-time-high, up from 373 in 2019.
  • Applications approved reached 375, the highest such number on record and a sharp expansion from 2019’s 265 approvals.
  • The number of passports issued, correspondingly, reached 1,111, surpassing one thousand for the first time.
  • Investment in real estate displayed particularly strong growth, raising EC$151 million, more than double the 2019 figure, which was already a record.

Source: https://www.imidaily.com/caribbean/grenadas-2020-cip-revenue-shattered-records-real-estate-investment-up-106/

Grenada is the only Caribbean country with visa-free access to China. It also has an E–2 Investor Visa Treaty with the US, meaning Grenadian citizens are eligible to apply for a non-immigrant visa.

We offer now a new Real Estate investment project in Grenada. See: WHAT ARE THE BEST REAL ESTATE INVESTMENTS IN GRENADA?