As some European countries begin to tighten so-called golden visa programs, one Caribbean country is taking a different tact and establishing the world's first official "citizenship by invitation" program.
Grenada will launch the program with the goal of selecting "hand-picked investors" that the country hopes will bring entrepreneurial innovation to the country. Most citizenship by investment programs are inherently exclusive, typically requiring interested parties to invest hundreds of thousands of dollars—if not more—to attain an expedited residency or citizenship. But Grenada's new offering is even more so.
