Grenada Citizenship by Investment Program (CIP) continues to make headlines as it surpasses expectations and sets new records in the first quarter of 2023. Following its outstanding performance in 2022, the program maintains its impressive growth trajectory.
The quarterly report shows Grenada’s CIP continued to break records in Q1:
- Record quarterly application volume: 576 applications received in Q1 2023.
- Record monthly application volume: 266 applications received in March 2023
- Record quarterly processing volume: 306 applications processed in Q1 2023
- Record monthly processing volume: 181 applications processed in March 2023
- Record new citizenships issued in a quarter: 980 in Q1 2023
- Record new citizenships issued in a month: 578 in March 2023
- Record quarterly program revenue: EC$243 million in Q1 2023
- Record monthly program revenue: EC$142 million in March 2023
The program has experienced an unprecedented surge in demand, attracting a substantial number of high-net-worth individuals eager to acquire Grenadian citizenship.
The allure of Grenada\’s strategic location, breathtaking natural landscapes, political stability, and favorable business environment have played a pivotal role in the program\’s success. Moreover, its flexibility, efficiency, and diverse investment options have further heightened its appeal among prospective applicants.
The positive impact of the CIP on Grenada\’s economy and local development cannot be understated. Investors\’ contributions through real estate investments, business ventures, and job creation have stimulated economic growth and led to significant infrastructure improvements throughout the country.
Looking ahead, Grenada\’s CIP is poised for continued success in the years to come. With a proven track record of surpassing expectations and a steadfast commitment to upholding high standards, the program is set to remain a leading contender for individuals seeking second citizenship.