- Grenada bans nationals from Yemen from its CBI programme
The Grenada government has banned nationals from Yemen from applying for citizenship under the island’s Citizenship by Investment Programme (CBI).
Yemen has become the seventh country whose nationals are unable to apply for citizenship through the programme that provides for foreign investors to make a substantial investment in the socio-economic development of the island in return for being granted citizenship.
The other nationals banned from the programme are from Iran, North Korea, Russia, Belarus, Sudan, and Afghanistan.
However, there is an opening for people born in Iran, Sudan, Afghanistan and Yemen. They have to reside all of their lives in a territory or territories that is not sanctioned by Grenada.
They could also become a citizen of Grenada if they migrated before the age of maturity and resided for more than 10 years to territories that are not sanctioned by Grenada.
Grenada’s CBI programme is into its 10th year of operations and figures from the authoritirs show that more than 10,000 people have become citizens of Grenada through the programme with the island earning millions of dollars used to fund capital projects and pay debts.
Government said it projects earnings of EC$280.6 million (One EC dollar=US$0.37 cents) this year from the programme, while it earned EC$324 million last year.
