The Grenada Citizenship by Investment Unit has announced that it has increased the ages of dependents eligible to be included in a Citizenship by Investment application from 26 years to 30 years.
The change in dependent age puts the Grenada program in line with the age limits of the St Kitts and Nevis and Dominica programs.
The announcement, which was made via a circular dated November 1, 2017, also clarified that as per the recent amendments, the definition of a dependent now includes a child of the main applicant or his/her spouse between the ages of 18-30 years and who is otherwise dependent on the main applicant or his/her spouse.
A child born to the main applicant within 12 months of filing the original application can now also be included in the same application upon applying to the Citizenship Investment Unit committee within 6 months of the birth of the child, and paying a fee of $5,100.
The circular further stated that any applicant who has been denied Citizenship by Investment in another Caribbean jurisdiction will not be approved for citizenship in Grenada.
The Grenada program continues to be one of the most sought after for businessmen as it is the only program to offer visa-free access to China and has announced it will soon enjoy visa-free access to Russia. Investment for a single applicant starts at $200,000.