Grenada Boosts Application Turn Around Times

Grenada citizenship

IMA Agency reports processing times for some 2023 and 2024 applications being completed within a time frame of four (4) to six months for the Grenada citizenship by investment (CBI) program. For example, out of 80 applications received, 20 applications processed in just 2 months, another 20 applications in 4 months and 19 applications in 6 months.

Efficient Processing

Q1 2024 witnessed a remarkable surge in application processing rates, exhibiting an increase of over 300% compared to previous years. This remarkable achievement can be largely attributed to the implementation of a two-track processing system. This approach segregates backlogged applications from new submissions, allowing for tailored processing methodologies and expeditious resolution.

IMA Grenada – Applications 2024

QuarterReceivedProcessedApprovedDenied
Q18138836622
Q26753852414
Q317856552144
Source: IMA Grenada Statistics

Record High Applications

Over the last six years, application submission rates experienced a gradual rise followed by a significant surge due to the Russian/Ukraine war. With the cessation of Russian applications, submission rates are now, stabilizing to normal levels.

Grenada logged record high applications, highest for the year in 2023.

Internal System Improvements

The Agency has intensified efforts to boost application submission numbers through a comprehensive marketing plan targeting all source markets.Concurrently,internal system improvements have accelerated processing rates,aiming for a 4-6 month turn around timeline,which is already being realized in relation to the 2024 applications.

Concurrently,internal system improvements have accelerated processing rates,aiming for a 4-6 month turn around timeline,which is already being realized in relation to the 2024 applications.

Prabhu Balakrishnan

Prabhu Balakrishnan

Founder and CEO of Best Citizenships

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