Immigration lawyers said, in the past three months, interest in the Grenada Citizenship by Investment programme has increased from India, as the Caribbean country has an investment visa treaty with the US. From November 2019, the minimum investment required under the EB-5 Immigrant Investor Program had been raised to $900,000 from $500,000 in a Targeted Employment Area.
With the EB-5 immigrant investor visa to the United States getting more expensive, wealthy Indians are turning to the Caribbean island of Grenada as a route to their US citizenship dreams.
Immigration lawyers said, in the past three months, interest in the Grenada Citizenship by Investment (CBI) programme has increased from India, as the Caribbean country has an investment visa treaty with the US. Mark Davies, the global chairman of immigration law firm Davies & Associates, said the ..
Davies’ firm is currently helping processes a few applications for the Grenada CBI programme. There are a lot more enquiries which are likely to convert into applications over time, he said. Turkey is another country which offers a similar route to the US. Under the Grenada CBI programme, the applicant has to make a $220,000 investment in a government-approved real estate project. What makes the country an attractive destination is that it has an E2 visa treaty with the US, wherein a Grenadian c ..
The added advantage of this route is that it allows the spouse of the visa holder to freely work in the US and also covers dependent children under 21. And it’s not just the Caribbean island that is benefiting from the higher entry threshold for the EB-5 programme. The Republic of Cyprus, which also offers a similar programme, is emerging as another preferred option. “In the last few months, we’ve seen a lot more interest from India after the changes to the EB-5 programme,” said Dillon Bhatt, th ..