IMA Agency reports processing times for some 2023 and 2024 applications being completed within a time frame of four (4) to six months for the Grenada citizenship by investment (CBI) program. For example, out of 80 applications received, 20 applications processed in just 2 months, another 20 applications in 4 months and 19 applications in 6 months.
Efficient Processing
Q1 2024 witnessed a remarkable surge in application processing rates, exhibiting an increase of over 300% compared to previous years. This remarkable achievement can be largely attributed to the implementation of a two-track processing system. This approach segregates backlogged applications from new submissions, allowing for tailored processing methodologies and expeditious resolution.
IMA Grenada – Applications 2024
| Quarter | Received | Processed | Approved | Denied |
| Q1 | 81 | 388 | 366 | 22 |
| Q2 | 67 | 538 | 524 | 14 |
| Q3 | 178 | 565 | 521 | 44 |
Record High Applications
Over the last six years, application submission rates experienced a gradual rise followed by a significant surge due to the Russian/Ukraine war. With the cessation of Russian applications, submission rates are now, stabilizing to normal levels.
Internal System Improvements
The Agency has intensified efforts to boost application submission numbers through a comprehensive marketing plan targeting all source markets.Concurrently,internal system improvements have accelerated processing rates,aiming for a 4-6 month turn around timeline,which is already being realized in relation to the 2024 applications.
Concurrently,internal system improvements have accelerated processing rates,aiming for a 4-6 month turn around timeline,which is already being realized in relation to the 2024 applications.
