Author page: Prabhu Balakrishnan

The Grenada National Transformation Fund

The Grenada National Transformation Fund

The Grenada National Transformation Fund (NTF) was established in 2013 as a means of transforming Grenada’s economy into one that is ever more prosperous and independent. The National Transformation Fund (NTF) was established under section 43 (1)(a) of the Public Finance Management Act Cap 262B, and is responsible for funding Government-sponsored projects in Grenada.  The ‘Approved project’ is defined under…

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The St.Lucia CIP Unit and Board

The St.Lucia CIP Unit and Board

The Saint Lucia’s Citizenship by Investment Programme (“CIP Saint Lucia”) allows a person to acquire citizenship of Saint Lucia by making a qualifying investment into the island. The Regulations concerning the functions of Board and Unit are published in Citizenship by Investment Regulations No.14 of 2015. As defined in the law, “citizenship by investment” means the acquisition of citizenship in…

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Grenada CBI Applications Skyrocket in 2023

Grenada CBI Applications Skyrocket in 2023

The Government of Grenada has published its report on the applications received for Grenada citizenship by investment program for Q1 2023. Highest number of applications were received for the month of march and the real estate applications overtakes the NTF donation fund which shows real estate is the most popular investment option for citizenship investors. Grenada has very good five…

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Grenada Adopts Paperless Processing of CBI applications

Grenada Adopts Paperless Processing of CBI applications

The Grenada Citizenship by Investment Unit has announced moving to paperless processing of CBI applications, according to the Circular No. 4 of June 1, 2023 signed by Thomas Anthony, New CEO of the CBI Unit. The Grenada Citizenship by Investment Unit has moved to a paperless environment as part of the Government’s expenditure efficiency programme which encourages operations through electronic…

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Citizenship by Investment Due Diligence and Risk Analysis

Citizenship by Investment Due Diligence and Risk Analysis

Due diligence process ensures only highly qualified applicants and their family members are admitted into citizenship by investment. It is the core of CBI, protecting the integrity of schemes from abuse preventing criminals, terrorists, traffickers, frauds and those skirting international sanctions. Due diligence for CBI is conducted by licensed agents, citizenship by investment units (CIUs) and third-party service providers. Governments…

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Three Caribbean Countries Added to Canada eTA

Three Caribbean Countries Added to Canada eTA

The Government of Canada has announced Electronic Travel Authorization (eTA) eligibility for three caribbean visa-required countries  based on certain conditions to travel to Canada only by AIR relaxing the visa requirements. Eligible Countries Antigua and Barbuda Saint Kitts and Nevis Saint Lucia eTA Conditions To apply for ETA, you must hold the passport from any one of the above countries…

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Citizenship by Investment Bond Applications for St.Lucia

Citizenship by Investment Bond Applications for St.Lucia

The Saint Lucia Citizenship by Investment Programme became the youngest citizenship programme launched in 2015 within the region , with the first citizenship programme in the caribbean having been established over 35 years ago. The Citizenship by Investment Unit registered sharp increase in citizenship applications during 2021/22. The CIP program of Saint Lucia has grown stronger and stronger every year…

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