The main bank for Grenada Citizenship by Investment Program – Grenada Co-operative Bank – has its procedural guidelines for the transfer of funds from countries abroad. This is in accordance with the financial Protocols which Grenada has signed, and Regulations stipulated by Hemispheric and International Organizations.
These guidelines are shared by Infinity (Grenada) Inc to assist persons who are applying for Grenadian Citizenship through the Citizenship by Investment Program, when making financial transfers. Below are the documents needed and the set procedures required by the bank as follows:
• Must be obtained from country of residence that customer has been residing in for more than one (1) year, over the ten (10) year period which immediately precedes the making of an application.
Source of Funds Declaration Forms with supporting documentation for all incoming Wires should be in the following order to facilitate ease of review:
Source of Funds Declaration Form
i. Citizenship by Investment or Permanent Residence by Investment Application Form – Annex 2 or Annex 2 & 3
ii. Statement of Source of Funds – Annex 9
iii. Know Your Customer (KYC) Form
v. Police Record
vi. Proof of Address
vii. Any other supporting documents
cooperation is highly anticipated going forward.
SOURCE: GRENADA COOPERATIVE BANK
Retail Banking Unit Manager, St. George’s