Grenada announced Wednesday that it intends to revive a program that will essentially allow investors from across the globe to buy citizenship on the sparsely-populated Caribbean island known for its beaches and spice-scented forests.
The strategy is part of a growing trend in the Caribbean to drum up much-needed revenue on tiny islands struggling with massive public debt. The nearby islands of Dominica and St. Kitts & Nevis allow investors to secure local citizenship in return for a healthy contribution or real estate investment. Cash-strapped Antigua & Barbuda is planning on launching its own program this year.
Is this not sad that selling citizenship and passports as a condition for drumming up investments? I am not enthused by this. It is like selling your country to strangers.
I hope those investors will be properly investigated prior to accepting them as legitimate, rich investors and that they are not involved in any shady lifestyle deals and transactions.
This corrupt keith mitchelle government, Lord help Grenada. NNP and its victimizations and corrupt practices under a leader who apologizes for nothing with no opposition. Dictor anyone?
Do it right and it’s all goood!
A very dangerous practice…It really have not contibuted meaningfully to the nations and its nationals at all.
It has only brought about more hardship and punitive red tape,from the advance nations,Canada,the U.S,Great Britain,on these nations ordinary citizens.
The politicians are never the ones in the direct line of fire;they are deplomats,so they don’t really care
Thumbs up,do away with it,try something else..
Are things this bad in Dominica that your government is now selling its citizenship for investment?
Wow…Why is domminica still languishing in the last spot in the Caribbean?
Its important to Note that is will be a Citizenship by investment. NOt as in the case in Dominica. It will be more like St.Kitts’s investment program.
Just know the passports will have no value, we will all be like prisoners on these rocks
Tourism alone will not create revenue….manufacturing has left this part of this world so ws have to be creative….just do it right with due diligence as Dominica does
Oh…..kay…
Investor? How many genuine investors have every bought into that program and created jobs for Caribbean people?
Just admit that things are bad and you need to raise revenue by any means necessary. Don’t try to sugar-coat it by using the word “investors”. At least be honest with yourself and the people.