Grenada On Track to Raise More CBI Funds in 2023 Than in Previous 4 Years Combined

Impressive Third Quarter Performance Despite Challenges

Following a record-breaking second quarter, Grenada’s Citizenship by Investment Unit (CIU) Chief, Thomas Anthony, anticipated an even stronger third quarter. While approvals and capital raised experienced a slight decline, application numbers soared to an all-time high, signaling a robust performance overall. Key Gains Immigration stands ready to assist clients in navigating this thriving investment landscape.

Key Third Quarter Data Highlights

Applications: 621 (up 16.7% from Q2)
Approvals: 346 (down 19.9% from Q2)
Rejections: 15 (up 50% from Q2)
Citizenships issued: 1,112 (down 27.6% from Q2)
Total capital raised: EC$ 261.54 million (down 20.6% from Q2)
Backlog: 1,679 applications (up 18.6% from Q2)

With Key Gains Immigration’s expertise, investors can leverage this data to make informed decisions about participating in Grenada’s Citizenship by Investment program.

Year-to-Date Overview: A Banner Year for Grenada’s CIP

The year 2023 is shaping up to be a landmark for Grenada’s CIP, with record highs in applications, approvals, and capital raised. The unprecedented influx of investment is indicative of the program’s global appeal and effectiveness, a trend that Key Gains Immigration is well-equipped to help investors be a part of.

Investment Breakdown and Future Outlook

The majority of 2023’s investment in Grenada’s CIP has come from real estate. This sector continues to draw in the highest number of applicants, with 69% opting for real estate investment pathways. As Grenada’s CIP heads into the final quarter, Key Gains Immigration advises potential investors on how to participate in this golden opportunity for global mobility and investment.