Grenada Citizenship by Investment Program Excludes Russian Nationals, Contradicting Senator’s Statement

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Grenada Citizenship by investment programme

The Grenada Citizenship by Investment Unit has clarified that their Citizenship by Investment (CBI) Programme does not accept applications from all nationalities, contrary to claims made by Senator Adrian Thomas. In a recent debate on the 2024 budget, Thomas stated that the program was open to everyone, regardless of nationality, emphasizing the administration’s view of all applicants as human beings first.

However, a release issued by the CBI Unit today, December 15th, corrected this assertion. It reaffirmed the existing policy that excludes applicants from Russia, Belarus, North Korea, and Iran. This correction came after Thomas, while concluding the debate in Parliament, acknowledged that Grenada had ceased accepting applications from Russia and Belarus as of March 31, 2023.

This update was crucial for ensuring accurate information in the Hansard, the official record of Parliamentary debates. The decision to stop accepting applications from Russian nationals came after the historic US-Caribbean Roundtable on Citizenship by Investment held on February 25, 2023, in Saint Kitts and Nevis, where Grenada agreed to align with this policy.

The CBI Unit’s statement emphasized Grenada’s commitment to the six CBI Principles established in collaboration with the United States Treasury and governments of the Eastern Caribbean Investment Migration programs. These principles and their integration into the CBI Unit’s operations continue to be a priority for Grenada.

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