We are still in the process of understanding the parameters of the Amigo act, but bearing in mind that it was always clear that there should be a nexus between the E-2 applicant and the E-2 country, it is not surprising that the United States government has requested more clarity by imposing a residence requirement. When investors decide to pursue citizenship by investment in Grenada, there is a mandated five-year holding period on their investment, during which time the residency requirement could be satisfied. Once we fully understand the parameters of those requirements, we will be in a better position to advise our clients on how to proceed.
