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Grenada: Parliament passes Citizenship by investment Act
Grenada joins St. Kitts & Nevis, Antigua & Barbuda and Dominica in what is becoming an increasing trend of Caribbean countries offering citizenship in exchange for a certain level of investment in the country.
Prime Minister Keith Mitchell who initially tabled the bill insists that this will attract more committed investment, which in the medium to long term creates job opportunities for Grenadians.
The difference between the implementation of the bill in Grenada as opposed to the other named Caribbean countries, is that in order to the citizenship by investment, the applicant will be required to commit to a certain amount of residency in the country.
More: St Kitts-Nevis citizenship by investment program receiving nearly 300 applications annually
The program has been a success in St. Kitts & Nevis, and it is hoped that the same applies to Grenada.