BusinessGrenada.com Issue: 7 2016 -2017 | Page 66

Investment

Investment

Grenada ’ s Citizenship By Investment Program

The Grenada Citizenship by Investment Committee ( CBIC ) is the Government body responsible for overseeing the processing of applications for citizenship by investment or by permanent residence .
The CBIC assesses each application in accordance with the Grenada Citizenship by Investment Act , 2013 . It then makes recommendations to the Minister , who has the final say on whether to approve , deny , or delay the granting of Grenadian citizenship .
The CBIC comprises of ten persons , all of whom answer to the Minister . One of these individuals leads the CBIC as committee chairman . This diverse group of professionals possesses a wealth of experience in areas such as law , finance , trade , and administration – allowing the CBIC to make informed decisions on citizenship matters .
CURRENT MEMBERS OF THE CBIC : Mr David Holukoff - Chairman Mr Steve C . Horsford - Executive Director Mr Rupert Agostini - Vice Chairman Ms Maryane Charles - Executive Assistant Mr Cuthbert Noel - Member Mr Ruel Edwards - Member Ms Kim George - Member Ms Sabina Gibbs - Member Mr Bill Robinson - Member Mr Mike Sylvester - Member
BECOMING A CITIZEN
PERSONAL REQUIREMENTS In order to protect its people and Grenada ’ s international standing , the Government of Grenada will only grant citizenship to individuals who are truly deserving of that honour . Therefore , the Government will deny the application of any applicant who :
Provides false information on his or her application form ; Has at any time previously
34 been convicted in any country of an offence for which the maximum custodial penalty for the same or similar offence in Grenada is in excess of six months imprisonment ( unless he or she received a free pardon );
• Is the subject of a criminal investigation ;
• Is considered to be a potential national security risk to Grenada or to any other country ;
• Is involved in any activity likely to cause
www . businessgrenada . com disrepute to Grenada ; or Has been denied a visa to a country with which Grenada has visa-free travel and who has not subsequently obtained a visa to the country that issued the denial Moreover , the main applicant must demonstrate that he or she :
• Is at least eighteen years old ;
• Is in good health ; and