Developers Promoting Grenada’s New Price Option Without Prior Approval Subject to Penalties, CIU WarnsApril 12, 2019
Following the introduction of its US$220,000 real estate co-investment solution on March 18th, the Grenada CIU reiterates that the new price option is only available to developers that have received advance written approval, and cautions that those found to promote the new price prematurely will be subject to review and possible penalty.
The circular – downloadable below – also clarifies that the CIU will not accept applications referencing the new price option in the absence of prior written approval from the Citizenship Committee for the corresponding project.
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