The Citizenship by Investment Committee of the Investment Migration Agency Grenada (IMA Grenada) has issued a Request for Proposals (RfP) for audit services aimed at enhancing the governance, transparency, and operational efficiency of its Citizenship by Investment (CBI) program. The initiative seeks to attract experienced audit firms to assess current processes, identify gaps, and develop comprehensive operational manuals, risk registers, and risk management frameworks. The selected firm will collaborate closely with IMA Grenada’s Chief Executive Officer to ensure business continuity and compliance with industry best practices. Established under the Grenada Citizenship by Investment Act of 2013, the CBI program allows individuals to obtain Grenadian citizenship through investment. The application process is highly automated, involving five key phases: application review, enhanced due diligence, due diligence reporting, Cabinet approval, and issuance of citizenship certificates. The audit firm will be tasked with reviewing current legislation, processes, and policies, identifying inefficiencies, and providing actionable recommendations. Proposals must include the firm’s description, relevant experience, methodology, and a detailed financial proposal. The evaluation process will consider the firm’s experience, competitive fees, project approach, and references. The contract is expected to commence in November 2025, with proposals due by October 14, 2025. This initiative underscores IMA Grenada’s commitment to maintaining the integrity and efficiency of its CBI program, ensuring it remains a competitive option for global investors.
