Introducing the new Grenada Citizenship by Investment Unit CEO

Thomas Anthony has been announced the new Grenada Citizenship by Investment (CBI) Unit Chief Executive Officer (CEO), effective April 2023.

Who is the new Grenada Citizenship by Investment Unit CEO and what will his role be? We break it down…

What is Citizenship by Investment Unit?

CBI Units are put in place to oversee the proper functioning of each CBI Programme. The establishment of a CBI Unit as a separate agency is required for each CBI Programme according to its respective CBI regulations.

Also Read: Most reputable CBI programmes 

The role of  The Unit is:
  • To receive, process and approve applications
  • The approval of Real Estate projects
  • Any policy regulations or changes that strengthen the programmes
  • Conduct due diligence operations and background checks of the applicants
  • Conduct due diligence and do background checks of the applicants
  • To appoint authorised agents as well as marketing agents
  • Recommend approved investor applicants for citizenship to the minister
  • The issuing citizenship certificates
  • Initiate and implement rules for the promotion and marketing of CBI Programmes
  • Provide consultation and training for agents
  • Liase with third party due diligence providers regarding the vetting of applicants
  • The sharing of applicant data with other CBI Units in other countries
  •  Provide a reason for application refusals
  • Notify the Passport office to issue passport for investors who have been approved
  • Organise events and conferences
  • To publish reports and statistics applicable to the CBI Programme

Grenada Citizenship by Investment Programme

Grenada has several reasons to be a favourite among high net-worth individuals (HNWIs). Having re-launched, restructured and redeveloped, its CBI Programme in 2013, the Caribbean island-nation has become a popular second citizenship option, particularly among those with larger families.

Affectionately known as the Spice Island due to its rich heritage of growing and trading spices, Grenada basks in a year-round tropical climate with cooling trade winds that make the many hours of sunshine all the more pleasant. It also boasts excellent healthcare and education systems and is among the safest nations in the Caribbean. Incredible scenery, rich biodiversity, exquisite cuisine, and a welcoming community only add to this tri-island paradise’s lure.

CBI in Grenada is available through two options: The National Transformation Fund and the Pre-Approved Project (Real Estate) Option. Additionally, both options have basic fees that apply.

For more information on the Grenada Citizenship by Investment options, click here. 

Who is Thomas Anthony?

Thomas Anthony

The new Unit CEO, Thomas Anthony, an Accredited Director, Certified Financial Crime Specialist and member of the Chartered Institute of Bankers. In his new role as the Grenada Citizenship by Investment CEO, Mr. Anthony will be responsible for strategising as well as leading the implementation of the Grenada CBI Programme. Understandably, this should all happen in accordance with the Grenada CBI Act 2013 as amended and regulations.

Further, Mr Anthony has the momentous task of achieving key performance targets as well as ensuring best practices when it comes to efficiency and economy. This should be a welcome challenge for the former commercial, investment and retail banker who has 26 years of experience. Aptly, Mr Thomas worked across financial security as well as banking sectors in Antigua, Saint Lucia and Miami, USA.

His many roles include: 
  • Portfolio Manager
  • Financial Advisor
  • Loans Manager
  • Debt Recovery Manager
  • Investment Manager
  • Wealth Manager
Additionally, his experience in the Investment Migration Industry includes: 
  1. Project Development Officer, Deputy Chief Executive Officer and Chief Executive Officer (Acting) of the Antigua CBI Unit from 2013 to 2017. 
  2. Global Head Immigration, Citizenship and Visa (ICV) at Exiger, a global governance, risk and compliance firm from 2017 to 2018.
  3. Grenada Citizenship by Investment Unit CEO from 2018 to 2019. 

Karline Purcell has been acting as CEO since 2021 and shall continue as Deputy CEO.