On August 9th, 2013, the Grenada Paliament appoved the new, reborn, economic citizneship program. Cabinet met again on August 19-20th, 2013 to discuss the details, and the final program should be ready to process applicants by the start of September 2013.
The government has been working behind the scenes on the CBI program for months now, and most of the legal and administrative issues associated with the program have already been worked out.
Applications for the citizenship program will be by invitation only and applicants will be pre-screened before submitting documents. Simular to the St. Kitts & Nevis Program there will be 2 options to qualify; Aquisition of authorised real estate and through a donation to the Island Transformation Fund (ISF).
This exciting new program has been carefully planned out by the Grenada government and looks to be one of better options for a new or second citizenship, with faster processing times that other countries, and total investment simular or less than other options in the Caribbean.
Source: NTL Immigration