Globalia Consulting Insight
Grenada’s Investment Migration Agency (IMA) has officially cleared Heng Sheng Development and the Grenada National Resort (GNR) project after a four-month investigation into financing practices. The suspension, first imposed in March 2025, has now been lifted following reassessments by international due diligence providers, which found no evidence of prohibited financing.
Key Takeaways from the Probe
- Concerns were applicant-specific, not systemic.
- Heng Sheng remained compliant with program rules and continued construction throughout.
- Eight applications were rejected during the investigation.
Stronger Compliance Framework
While Heng Sheng was cleared, Grenada introduced new compliance safeguards for all CBI applications, including:
- Attestation forms confirming personal funding sources.
- Proof of direct bank transfers to approved accounts.
- Mandatory Tier-2 interviews for flagged applicants.
These measures align Grenada more closely with global best practices, strengthening program integrity.
What This Means for Investors
The case highlights Grenada’s serious commitment to enforcement and transparency, ensuring the long-term credibility of its CBI program. For investors, this translates to greater confidence and protection of their citizenship investment.
At Globalia Consulting, in partnership with Globevisa Group, we guide clients through these evolving frameworks—helping them select credible projects, prepare compliant applications, and secure their path to global mobility.
Grenada remains a trusted CBI destination with stronger safeguards now in place. Contact Globalia Consulting to explore how you can benefit from this opportunity.