Grenada CBI Enhances Due Diligence With Mandatory Interview

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On August 1, 2023, the requirements for Grenada Citizenship by Investment (CBI) changed. This is part of a wider movement of updates with Caribbean citizenship-by-investment programmes.

Dominica CBI has added an extra layer of due diligence. St Kitts and Nevis have amended their CBI programme too.

New CEO, New Rules

On March 16, 2023, the Chairman of the Grenada Citizenship by Investment Committee, Richard W. Duncan, OBE made an announcement. It confirmed the appointment of Thomas Anthony as Chief Executive Officer of the Grenada CBI Unit. Thomas took up his new position on April 3, 2023.

Thomas Anthony has over 25 years’ experience working in banking and financial securities. His investment migration experience includes a spell as the Antigua CIU CEO. Thomas has also served as the CEO of Grenada CBI Unit from 2018 to 2019.

He is a Certified Financial Crime Specialist (CFCS), an Accredited Director (Acc. Dir.), and a member of the Chartered Institute of Bankers (ACIB).

Karline Purcell had been acting CEO since 2021. She is now the Deputy CEO.

Circular No. 5 of August 1, 2023

Thomas Anthony signed this Grenada Citizenship by Investment circular. It begins: “The Grenada Citizenship by Investment (CBI) Unit hereby advises that mandatory interview of all applicants seventeen (17) years and over will be required as part of our enhanced due diligence process effective September 1, 2023.”

This amendment will see an adjustment in the price of the programme, as the circular continues: “The Unit is currently in the process of making the necessary administrative changes to reflect this announcement and will therefore provide information regarding the amended fee structure shortly.”

The circular concludes: “We thank you for your understanding in this matter as we strive to preserve the integrity and reputation of the Grenada CBI Programme.”

Rosy Future

Latitude Group CEO Eric Major continues to think positively. He quotes the late, great Abraham Lincoln: “We can complain because rose bushes have thorns, or rejoice because thorn bushes have roses.”

“This is a poignant observation that remains relevant today,” adds Eric.

“We may think that there are thorns, with St Kitts and Nevis doubling their price and Dominica losing visa-free travel to the UK.”

“Or we can rejoice in the fact that we contribute to an industry that grows in demand by at least 25% a year.”

We specialize in CBI programmes worldwide, along with Residency by Investment. For further details on how to apply, don’t delay and contact us today.