Lagos investors explore Grenada investment opportunities

Nigerian investors explored Grenada’s citizenship-by-investment programme and real estate opportunities at a Lagos event hosted by Passport Legacy, as discussions focused on international mobility, overseas investment and long-term family planning.

 The investment migration advisory firm hosted the cocktail event on 20 October, bringing together clients, investors and partners, with the Chief Executive Officer of Grenada’s Investment Migration Agency, Thomas Anthony, as the special guest.

 Anthony outlined Grenada’s economic landscape, access to international markets and investment opportunities available to prospective applicants. He also discussed the potential benefits of the country’s Citizenship by Investment programme for individuals and families seeking greater international mobility.

 He highlighted Grenada’s participation in regional economic arrangements, including the Organisation of Eastern Caribbean States, and the opportunities these arrangements could offer investors considering business activities in the country.

 Anthony also discussed the relevance of Grenadian citizenship to the United States’ E-2 Treaty Investor visa route. Eligible Grenadian nationals may apply under the treaty, subject to applicable visa and investment requirements. Citizenship does not automatically grant entry or residence rights in the United States.

 Anthony said applications that satisfy the programme’s requirements could take about six to eight months to process from the date of submission, although the timeline may vary depending on individual circumstances.

 The discussions also explored real estate investment, with Anthony advising prospective investors to assess expected returns and project completion schedules alongside the broader benefits of the citizenship programme.

 On whether qualifying property could be sold after the stipulated holding period, he clarified that selling an eligible investment after citizenship has been legally granted does not automatically revoke the citizenship, provided the applicable laws and programme conditions are met.

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 He also discussed the potential for citizenship to benefit future generations, noting that its transmission to descendants depends on Grenada’s citizenship laws and registration requirements.

 In her opening address, the Managing Director of Passport Legacy Nigeria, Weyinmi Oritsejafor, emphasised that the firm’s services extended beyond citizenship and passport acquisition.

 “We are not simply a passport company; we do so much more than passports. Investment migration is just one facet of the services we provide,” Oritsejafor said.

 She explained that Passport Legacy operates under PL Group, which also offers real estate, government advisory and private client services. The group has real estate interests across Cyprus, Greece, Thailand, Bali and Dubai, while its government advisory work includes Argentina and São Tomé and Príncipe.

 Oritsejafor oversees the firm’s Nigerian operations through its Lagos and Abuja offices. She noted that some clients continued to use the group’s services after completing citizenship programmes, seeking assistance with other international investment and advisory needs.

 The event concluded with a networking session involving Anthony, the Passport Legacy team and attendees, who discussed investment requirements, citizenship rights and considerations involved in choosing an investment migration programme.

 Passport Legacy is a Swiss-owned investment migration advisory firm operating under PL Group. Its services include citizenship and residency advisory, real estate, government advisory, and private client services.