Hon. Peter Charles David is Minister for Foreign Affairs and Labor in Grenada.
“Our biggest challenge is hotels. And that is why we welcome investors since we have a need for more rooms,” said Peter David, Minister of foreign affairs, labour and investment, Grenada. “CBI provides a significant portion of our GDP and as a consequence, it is something that we take seriously in terms of protecting the due diligence and integrity of the program to ensure that it is used judiciously and the money is used wisely to facilitate economic development. We are looking to get investors from Nigeria and Africa in general,” he said.
Grenada has emerged as the leading CBI option due to its multiple benefits; including an E2 visa that allows an investor and its family access in the US. Mohammed Asaria, founder, and CEO, Range Developments, an international luxury hospitality development company that develops luxury resorts in the Eastern Caribbean under Citizenship-by-Investment programmes said a major reason that makes the Grenada second citizenship programme unique from others is the E2 Visa that enables the country enjoys diplomatic relations with the US.
To secure Grenadian citizenship, investors must first invest US$220,000 in a government-approved real-estate project, such as Six Senses La Sagesse, Grenada, and apply for citizenship of Grenada.
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