Grenada’s Investment Migration Agency (IMA), formerly known as the Citizenship by Investment Unit, has released comprehensive statistics revealing significant developments in the nation’s citizenship program during the third quarter of 2025. According to the latest data, citizens from 55 different countries received approval for Grenadian citizenship through the Investment Migration Program between July and September 2025.
The approval distribution shows a notable concentration from six key jurisdictions: Nigeria (15%), China (13%), Iraq, the United States, Pakistan, and Egypt. Collectively, these nations accounted for 51% of the 135 new citizens approved during the quarter. The total number of approvals for the first three quarters of 2025 reached 1,166 individuals, maintaining the program’s steady growth trajectory since its inception in 2014, during which over 20,000 people have obtained Grenadian citizenship.
A significant operational pause occurred in August 2025 when no approvals were processed due to the Cabinet of Ministers’ recess period, during which no official meetings were conducted. This temporary suspension highlights the program’s structured governance framework requiring ministerial oversight.
Finance Minister Dennis Cornwall, presenting the 2026 budget statement to Parliament on December 1, emphasized the program’s evolving significance. “The Citizenship By-Investment Programme has become a substantial contributor to government revenues, tourism development, and job creation,” Cornwall stated. “Our Program continues to rank among the most reputable globally, featuring deeply entrenched, robust due diligence processes developed over its 11-year history.”
The government announced forthcoming regulatory amendments designed to stimulate local participation. In the coming weeks, Grenada will implement revised regulations reducing fees by 70% for local developers initiating new projects within priority economic sectors under the CBI Program. This strategic move responds to advocacy from local business communities seeking enhanced involvement in the investment migration ecosystem.
Financially, the program has exceeded expectations, with 2025 revenues surpassing the projected EC$165.9 million forecast in the annual budget. Looking ahead to 2026, the Ministry of Finance has projected IMA revenues to reach EC$173,973,807, indicating continued confidence in the program’s sustainable growth and economic contribution.