Sunday, 14th July 2024

Grenada ban Russians and Belarusians from obtaining Citizenship by Investment

Grenada has announced strict restrictions against Russian nationals seeking economic citizenship

Sunday, 7th July 2024

Grenada ban Russians and Belarusians from obtaining Citizenship by Investment
Saint George's, Grenada:  Tuning with other Caribbean countries to support the United States, European Union and United Kingdom against Russian invasion, Grenada has also announced strict restrictions against Russian nationals seeking economic citizenship.  The Grenada government, on March 10, 2022, declared the official suspension of the acceptance of new applications from Russia and Belarus for the Citizenship by Investment programme with immediate effect. The official statement read, "The (Grenada) government is closely monitoring the current situation in Ukraine and will advise of any further changes to its current policy on this matter." Earlier, Antigua and Barbuda, The Commonwealth of Dominica, St Kitts and Nevis and St Lucia had announced strict restrictions against Russian nationals with a complete ban on applications from Russia and diaspora from processing the citizenship applications. Caribbean island countries are standing in solidarity with Ukraine; around 141 nations voted for the UN resolution against Russian aggression in Ukraine. The ballot included all major Eastern Caribbean nations such as Dominica, Barbados, St Lucia, Grenada, Antigua and Barbuda, St Kitts and Nevis, St Vincent and the Grenadines. The majority of Caribbean countries offering Citizenship by Investment Programmes placed an interim closure of processing of applications from Russia and Belarus due to security and safety situations. What is Citizenship by Investment Programme?  Citizenship by Investment Programme, widely known as economic citizenship, allow foreigners to apply for citizenship in a country in exchange for a financial contribution. All applicants over the age of sixteen are subjected to thorough due diligence and vetting process that ensures the safety of the international and national community. About Grenada CBI Programme Launched in 2013, Grenada's Citizenship by Investment Programme also allows foreigners to obtain second citizenship from the country.  Through Grenada's Programme, successful applicants can obtain citizenship and, later, a passport that allows travel to more than 140 countries and territories.