The Investment Migration Agency (IMA), formerly known as the Citizenship by Investment Unit (CBI) in Grenada’s Ministry of Home Affairs, has announced the implementation of enhanced compliance measures for its Citizenship by Investment (CBI) Programme. Effective November 10, 2025, these measures aim to bolster the integrity and transparency of the programme, which grants foreign nationals Grenadian citizenship through investments in real estate or contributions to the National Transformation Fund (NTF).
The new compliance framework includes stringent verification procedures aligned with international anti-money laundering (AML) standards. Applicants must now submit a completed Attestation Form, confirming that their investment funds originate from verifiable personal or sponsor resources. Additionally, Bank Credit Advice must be provided to demonstrate that funds were directly deposited by the applicant into the developer’s account, ultimately transferring to an Escrow or government-approved account.
These measures underscore the IMA’s commitment to ensuring that all investments are legitimate, traceable, and transparent. In a circular published on its website, the IMA emphasized its dedication to safeguarding the programme’s credibility and protecting the interests of genuine applicants. Since its inception in 2014, the CBI Programme has generated over EC$1 billion in revenue and granted citizenship to more than 20,000 individuals from countries such as the USA, Saudi Arabia, South Africa, India, Russia, and Turkey.
The IMA’s latest updates reflect its ongoing efforts to align with global best practices, reinforcing Grenada’s reputation as a trusted destination for investment migration. By prioritizing compliance and transparency, the agency aims to maintain the programme’s integrity while fostering economic growth and international partnerships.