Investment migration has a new shining star: Grenada’s Citizenship by Investment program. Revenues in the first half of 2023 rocketed by a breathtaking 213% compared to last year. As per insiders at Grenada’s CBI Unit, the third quarter promises even more impressive figures.

Through the CBI program, investors and their families acquire Grenadian citizenship by supporting the Caribbean nation’s multifaceted development. The outcome? A transformative impact that resonates with every Grenadian.

A Decade of Transformation: The National Transformation Fund

Instituted a decade ago, the National Transformation Fund (NTF) was envisioned as the catalyst for Grenada’s economic metamorphosis. The NTF fuels projects spanning tourism, agriculture, and alternative energy. For investors choosing this path, a contribution of a minimum of $200,000 is required.

Between 2016 and 2022, the NTF directly financed 65% of the capital projects under Grenada’s Ministry of Social Development and Housing. This includes pivotal projects like the Grand Bacolet Juvenile Rehabilitation and Treatment Centre, protection services against child sexual abuse, and the Grenada Home Improvement Program.

“Financing impactful projects of national interest… such as the construction of our state-of-the-art teaching hospital or our technologically advanced public library,” – Prime Minister Dickon Mitchell, December.

The NTF’s role extends to debt reduction, a strategy lauded by international bodies. Lilia Burunciuc, the World Bank’s Country Director for the Caribbean, commended Grenada’s unwavering dedication to bolstering its economy in July.

The Ripple Effect of Real Estate Investments

Beyond direct NTF contributions, CBI investors have spurred job growth, particularly in hospitality, also fostering skill development with global relevance. Developers have pledged billions for luxury resorts, elevating Grenada’s tourism infrastructure.

Real estate investments through the CBI program, which clocked a staggering $133 million since January alone, have ushered prosperity across sectors, from construction to retail.

Grenada’s CBI program stands as a beacon for global investors seeking not just a passport but an opportunity to partake in nation-building. The program’s allure lies not just in its tangible returns but in the heartwarming impact it promises every Grenadian.

“When you invest through the CBI program, you are touching the lives of locals in a significant and impactful way.” – Thomas Anthony, CEO of Grenada’s CBI Unit.