January 29th 2025.
The beautiful island nation of Grenada is making big waves in the financial world with their new and innovative "citizenship by invitation" program. This program is specifically designed to attract a select group of wealthy individuals who have a passion for entrepreneurship and a desire to make a positive impact in the world.
According to Fortune, Grenada's program is the first of its kind and is seen as a refreshing change from the traditional visa programs that are winding down in European countries. These programs often require a hefty investment before granting expedited residency or citizenship. However, Grenada is taking a different approach.
In a statement, the program's creators, Forbes Global Talent and Arton Capital, explained that the concept of "citizenship by invitation" is set to revolutionize the way that investment is channeled into communities. This new approach will empower governments, like Grenada's, to tailor their citizenship programs and attract hand-picked investors with the talent, experience, and capital to truly make a difference.
But who are these hand-picked investors, you may ask? Well, they will be selected and nominated by the financial advisory firm, Forbes Global Talent, and vetted by Arton Capital. Only those who are deemed to bring the most value to Grenada will be officially invited to participate in the program. This partnership between the program designers and Grenada's government ensures that only the best and most qualified individuals will be chosen.
Once selected, these individuals will be required to make a non-refundable donation to the nation or an existing business. The first round of invitations will be sent out on Feb. 1, and for those who prefer, there is also the option to donate to real estate investment programs. According to Arton Capital's president, Armand Arton, this process is extremely efficient and smooth compared to other investment migration programs around the world. He believes that this model is a valuable way for countries to attract the investment and expertise they need to thrive.
While popular vacation destinations like Spain and Portugal have placed limitations on their programs due to rising housing costs and concerns of illegal money laundering, Grenada's program offers a refreshing alternative. And, after becoming citizens of Grenada, the selected investors will also have the opportunity to join the Global Citizen Council and advise the country's government on best practices for driving innovation in various industries.
Grenada's Prime Minister, Dickon Mitchell, is excited to welcome this new wave of investment and innovation to their shores. He will even be hosting an annual two-day advising session for the Global Citizen Council, giving the investors access to a private plane. This program truly offers a unique and mutually beneficial opportunity for both the investors and the people of Grenada.
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