Grenada’s Citizenship by Investment unit released a memo on 1st June 2023 to announce, that with immediate effect, the unit is moving to a paperless environment and hardcopies of documents are no longer required when submitting investors’ citizenship applications. With the exception of passport photos and the passport application form, which will still be required as a hard copy, all other documentation, including notarised forms, client documents, and signed forms will now all be accepted digitally.

Some of the other Caribbean nations offering CBI programmes already accept some documents digitally, but Grenada is the first to go totally paperless. Hopefully, this will pioneer the way for other nations to soon follow suit. Digital applications should speed up the processing time for applicants by eliminating the need to send hard copies back and forward by courier, which can sometimes take several weeks depending on where in the world a client is based.

Grenada’s Citizenship by Investment programme requires a minimum contribution of $150,000 to Grenada’s National Transformation Fund (NTF). Alternatively, a minimum real estate investment of US$220,000 in a government-approved project is required. In addition, related government application fees and due diligence fees apply. For a full quotation and more details on the process, please do not hesitate to get in touch with our experts.

Tags: Caribbean Citizenship by Investment News, citizenship by investment 2023, grenada

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