Grenada Citizenship by Investment Program (CBI) Complete Guide

Unlock a Grenada Passport by Investing in Paradise

grenada investment program offers citizenship
Safe haven

For the whole family

$235,000

Minimum Fund Donation

$270,000

Minimum Real Estate Investment

9+ months

Obtainment period

The Grenada Citizenship by Investment Program (CBI) was legislated into Grenada’s Citizenship Act in 2013. It grants foreign investors and their families the opportunity to obtain a second citizenship and passport in exchange for an investment. Qualifying investments include investing in government-approved real estate and contributing to a state fund that supports government-sponsored projects that boost the economy and create jobs.

This guide presents all the essential details about citizenship by investment in Grenada, including:

Grenada Citizenship by Investment Overview

Grenada-real-estate-services

The Grenada citizenship by investment program was established through the Grenada Citizenship by Investment Act No. 15 of 2013. The Act allows the Grenadian government to grant a citizenship certificated to foreign nationals who make significant economic contributions to the nation.

Investment Migration Agency Grenada (IMA) is the government authority tasked with overseeing and regulating Grenada’s CBI program in accordance with the Act and standards set by governmental entities such as the Organisation for Economic Co-operation and Development (OECD). 

Two investment options are available to investors: A government fund contribution and an approved property investment. The minimum investment threshold starts at $235,000, and applicants can include their children, spouses, parents, grandparents, and siblings in their applications.

Key Program Details

  • Visa free countries: 148
  • Visa free to EU Schengen Area: Yes
  • Tax framework: No worldwide income taxes
  • Processing time: 9 months
  • Minimum government fund contribution: $235,000
  • Minimum real estate investment: $270,000
  • Minimum total for one applicant: $246,500
  • Minimum total family of four: $262,000
  • Eligible dependents:
    • Spouse
    • Children under 29 or with disabilities
    • Parents and grandparents over 55
    • Unmarried siblings over 18
  • Passport validity:
    • 5 years for all passports
  • Visit or residency requirement: None
  • Citizenship interview: Yes (virtual)
  • Unique feature: Provides eligibility for the US E2 Visa

10 Benefits of Grenada's Citizenship by Investment Program

grenada's cbi program
1
Ultimate plan B

Grenada second citizenship gives you and your family the flexibility of global mobility and safety in a politically stable country with diplomatic representations across four continents and ten countries.

2
Extensive family inclusion

The primary applicant can include their spouse, dependent children, siblings, parents, and grandparents in their citizenship application for a Grenada passport.

3
Affordable investment options

The minimum investment needed starts at just $235,000 for a single applicant or family of up to four, making it one of the most affordable citizenship programs.

4
Fast application process

A Grenada citizenship by investment application will be processed within nine months.

5
Tax optimization

Grenada citizens and residents benefit from no global income tax, wealth tax, capital gains tax, or inheritance tax.

6
No residency requirements

Applicants are not required to visit Grenada during the diligence process to Obtain Grenada citizenship. The mandatory interview is conducted virtually.

7
Visa free travel

Grenada passport holders enjoy increased global mobility with visa free and visa on arrival access to over 140 Grenada visa free countries, including China, Hong Kong, Russia, countries in Europe’s Schengen Area, the UK, and Saudi Arabia.

8
No language tests or academic requirements

Applicants to the Grenada citizenship program are not required to sit and pass any language tests or meet academic requirements. 

9
Investment after approval

The required investment is made only after the application has been approved in principle, increasing confidence and reducing risk.

9
US investor visa access

Grenada offers the only Caribbean citizenship through an investment that provides eligibility for the US E-2 Visa Program.

Grenada Citizenship Eligibility Criteria

  • Be over 18 years old 
  • Be of outstanding character 
  • Be in good health 
  • Have a clean criminal record 
  • Make a qualifying investment 
  • Partake in a virtual interview
  • Spouse 
  • Children
    • Under 18 
    • Between 18 and 29 who are supported by the main applicant or spouse 
    • 18 and over who are physically/mentally challenged 
  • Parents or grandparents over 55 who are fully dependent on the main applicant of their spouse
  • Siblings of the main applicant or their spouse 18 or over who are unmarried and without children 
  • Medical clearance: Prospective applicants must prove good health by taking a comprehensive medical examination confirming they have no health conditions that put public health at risk.
  • Police clearance: A clean criminal record in all countries of residence over the past ten years is required to complete the Grenada citizenship process.
  • Afghanistan
  • Belarus
  • Iran
  • North Korea
  • Russia
  • Sudan
  • Yemen

Restricted country nationals can apply for citizenship under the following circumstances: 

  1. They migrated prior to reaching adulthood or possess permanent residency or a valid travel or residency visa for at least ten years in Australia, the UK, the US, New Zealand, Saudi Arabia, the UAE, or any Schengen member state.
  2. Maintain no economic ties to a restricted country.

For applicants originating from Afghanistan, Iran, Sudan, or Yemen, due diligence providers have the right to conduct comprehensive investigations, including on-site inquiries in the applicant’s country of birth.

Get in touch with a Citizenship by Investment Specialist

Our team of industry-leading experts will help you with everything from filing your immigration application to providing professional legal and tax advice. We are wholly committed to your success. 

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Joe Rice

Head of Caribbean Unit

Investment Options for Grenada Citizenship by Investment

The investment routes for obtaining citizenship under the Antigua CBI program start from $230,000 and include:

  1. Non-refundable contribution to the National Transformation Fund (NTF)
  2. Sole or joint real estate investment in an approved real estate project

1. National Transformation Fund donation

The National Transformation Fund (NTF) option allows single investors and families of up to four to make a non-refundable contribution of $235,000 to qualify for citizenship.

The fund’s contributions are used to support government-sponsored projects in critical sectors, including education, healthcare, infrastructure, and tourism.

The NTF option is designed for investors seeking the most affordable, fastest, and most straightforward route to qualify for citizenship by investment in Grenada.

NTF Donation

Single Applicant

Family of Up to Four

Additional
Dependent

(Child under 18)

Additional
Dependent

(Child over 18 and dependent parents/grandparents over 55)

Dependent Sibling

Minimum Donation

$235,000

+$25,000 each

+$50,000 each

+$75,000 each

2. Government-approved real estate investment

The Grenada real estate options allows applicants to purchase shares in an approved real estate developments or a single property as a sole buyer to acquire citizenship. Real estate options comprise of luxury resorts, villas, and boutique hotels.

Option 1

Investors can make a partial investment to the value of at least $270,000 in shares of government-approved real estate projects.

Option 2

Investors can make a sole investment of $350,000 in a single unit of an approved Grenada real estate project.

Real Estate Investment

Single Applicant

Family of Up to Four

Additional
Dependent

(Child under 18)

Additional
Dependent

(Child over 18 and dependent parents/grandparents over 55)

Dependent Sibling

Minimum Investment

OPTION 1: $270,000 joint investment
OPTION 2: $350,000 sole investment

Government fees and charges

In addition to the minimum investment required, investors must pay fees to complete the citizenship process. Fees for the Grenada citizenship by investment include:

  • Government fee
  • Application fee
  • Processing fee
  • Due diligence fee
  • Interview fee

Fee

National Transformation Fund

Real Estate Investment

Government Fee

N/A

$50,000: Family of up to Four

$25,000: Additional dependent (child under 18)

$50,000: Additional dependent (child 18 and over or parent/grandparent under 55)

$75,000: Additional dependent (sibling)

Processing Fee

$1,500 per applicant aged 18 or over
$500 per applicant under 18

Due Diligence Fee

$7,500 per applicant aged 17 or over

Application Fee

$1,500 per applicant

Interview Fee

$1,000 per applicant aged 17 or over

Estimated Citizenship Cost for a Single Applicant and Family of Four

Here is an example of the estimated Grenada citizenship cost through the cheapest investment route for a single applicant and a family of four, including government fees. The family example includes a primary applicant, spouse, and two children aged 7 and 17.

Costs

Single Applicant

Family of Four

Investment Required

$235,000

Processing Fee

$1,500

$4,000

Due Diligence Fee

$7,500

$22,500

Application Fee

$1,500

$6,000

Interview Fee

$1,000

$4,500

Total

$246,000

$270,500

Calculate the cost of citizenship for you and your family, including all associated fees.

Get the cost calculation

Grenada Citizenship by Investment Required Documents

The following list is an indication of the required documents to submit your Grenada citizenship by investment application. The Investment Migration Agency Grenada may request additional documents if necessary. 

You must complete the following documents provided to you by Global Citizen Solutions: 

  • Client Facilitator Agreement 
  • Form 1: Personal data and information 
  • Form 2: Fingerprints (obtained in front of a licensed officer) 
  • Form 3: Particulars for the Office of Home Affairs 
  • Form 4: Medical certificate 
  • Form 5: Business, employment, wealth, and related information 
  • Form 6: Investment confirmation 
  • Thomson Reuters consent form (for Grenada CBI applicants older than 16) 
  • Purchase and sale documents in four copies (applicable for the real estate investment option) 
  • Escrow agreement and letter of engagement with a local agent (applicable for the NTF option) 
  • Passport Application Form 
  • Oath of Allegiance (for each family member aged 18 and over) 
  • Sworn Affidavit confirming names of dependent parents 

Civil documents:  

  • Original full birth record or certified copy of birth certificate (two copies) 
  • Certified copy of proof of name change (if applicable) 
  • Certified color copy of current passport(s) showing name, photo, citizenship/nationality, date and place of issue, expiry date, valid passport number, issuing country 
  • Original passport-sized photos of each applicant taken within the last six months (12 needed). One photo must be certified by a lawyer. 
  • Marriage or divorce certificates, if applicable (two copies) 
  • National ID or social security color copies (for each applicant) 
  • Permanent residence ID or proof of permanent residence 
  • Copy of military service card (if applicable) 
  • Affidavit from spouse or former spouse relating to children (if applicable) 
  • Affidavit of support from dependents 
  • Education certificates and transcripts 

Supporting documents:  

  • Proof of address – original documents (e.g., utility bill) 
  • Professional reference letter – original document 
  • Lawyer or notary practicing certificate (copy of license for lawyer/notary certifying your documents) 

Additional documents:  

  • Payslips and/or salary letters 
  • CV 
  • Reference letter from main applicant’s banker – original document 
  • Personal bank statements from the last 12 months 
  • Police clearance and criminal record checks – original documents 

Important note: This list is for reference purposes. Grenada’s Citizenship by Investment Committee (CBIC) may request additional documents if necessary. 

Any documents not in English must be translated into English. They must also be certified and authenticated in accordance with the law of the jurisdiction from where they originate. Each document must be accompanied by its certified English translation.

Step-by-Step Citizenship Application Process

Potential applicants must submit their citizenship application to an Authorized Agent licensed by Investment Migration Agency (IMA) Grenada.

1
Contact Authorized Agent

Contact an IMA licensed agent to submit your citizenship application.

2
Initial due diligence checks

Your Authorized Agent will perform preliminary due diligence checks to ensure a successful application.

3
Client agreement and retainer payment

Confirm the agreement with your licensed agent to submit your application by making a retainer payment.

4
Gather documents and complete forms

Gather necessary documentation and complete all required forms.

5
Submit your application

Your dedicated Authorized Agent will submit your application on your behalf*.

6
Due diligence checks

IMA will process your application and carry out thorough background checks.

7
Attend citizenship interview

The main applicant and dependents over 17 must attend a virtual interview with IMA-approved professionals.

8
Receive Approval in Principle

Successful applicants will receive an approval letter from the IMA within seven months stating their application has received pre-approval.

9
Make your investment

Once you have received your government approval letter, you must make your qualifying investment, pay the government administration fees, and send proof to IMA.

10
Receive citizen approval

You and your family will be granted citizenship by IMA.

11
Collect Certificate of Registration

IMA will issue your Certificate of Registration, which must be collected in person either in the country or at an approved Consulate or Embassy.

12
Full citizenship received

You are now a fully registered Grenadian citizen and can retrieve your citizenship certificate and Grenadian passport.

Grenada’s Official Citizenship by Investment Unit (Investment Migration Agency Grenada) only accepts citizenship applications submitted by licensed Caribbean immigration services (Authorized Agents).

Citizenship timeline

The process of obtaining Grenada citizenship by investment takes about nine months, from submitting the complete application to issuing citizenship certificates.

Month one (preparation)

  • Choose the qualifying investment
  • Choose an Authorized Agent
  • Prepare the required documents and submit to IMA

Months two to six (processing)

  • IMA outsources background checks
  • Complete the virtual interview
  • Make the required investment

Month nine (Approval)

  • Pay the passport fee and obtain a Certificate of Registration
  • Obtain a Grenada second passport

Why choose Grenada CBI?

  • Grenada’s citizenship program is respected worldwide, demonstrated by the government’s expanding diplomatic ties.
  • New citizens and residents enjoy unspoiled beauty and life on a safe tropical island.
  • Grenada passport holders can travel to 148 countries visa free, including the UK, EU countries, China, Russia, and Saudi Arabia.
  • Successful applicants gain lifetime citizenship for themselves and their families.
  • Grenada is the only Caribbean country allowing successful applicants to apply for a US E2 visa.
  • The program has no in-person Caribbean citizenship interview or language test requirements.
  • Visiting Grenada is not required to obtain a Grenadian passport, and it can also be renewed abroad.
  • Investors considering relocating to Grenada can purchase an entire property as a qualifying investment.
  • Grenada has no personal income tax on worldwide income, wealth, capital gains, or inheritance tax.
grenada program

Pros and Cons of Grenada Citizenship by Investment

grenadian cbi

Pros

Fast application process: It takes about nine months to receive citizenship and a Caribbean passport.

US E2 Visa: Successful applicants can apply for the US E2 Visa Program.

Investment after pre-approval: Investors are only required to make the Caribbean investment once their application has been approved in principle.

Cons

Limited investments: Grenada only provides two investment opportunities.

Extreme weather: The region is vulnerable to hurricanes and natural disasters.

Grenada CBI vs other Caribbean Programs

The Grenadian CBI program is one of five Caribbean second citizenship programs.

  • Dominica: The cheapest economic citizenship for a solo investor.
  • Antigua and Barbuda: The most affordable Caribbean citizenship program for large families.
  • Grenada: The only Caribbean nation offering eligibility for the US E2 Visa Program
  • St Kitts and Nevis: The fasted citizenship timeline and most powerful Caribbean passport.
  • St Lucia: The only fully guaranteed investment route.

Other Ways to get Grenada Citizenship

Besides Grenada citizenship by investment, foreign nationals can obtain citizenship in Grenada through the following methods.

  • Being born in Grenada
  • Having at least one Grenadian parent
  • Marriage to a Grenada citizen
  • Living in Grenada for at least seven years

Grenada Passport Power Ranking

The Grenada passport is a powerful Caribbean passport that facilitates visa free access to 148 countries worldwide. The passport ranks 71st on the Global Passport Index, and destinations passport holders can travel to without a visa include the UK, Ireland, China, Russia, Saudi Arabia, Singapore, and EU countries. Grenada citizens also qualify to apply for a US E2 Visa.

Why work with Global Citizen Solutions?

  • Global approach by local experts. We are corporate members of the Investment Migration Council, with local expertise in all five Caribbean CBI programs. 
  • 100 percent approval rate. We have never had a case rejected and will offer you an initial, free-of-charge, due diligence assessment before signing any contract. 
  • Independent service and full transparency. We will present to you all the investment options available, and all expenses will be discussed in advance, with no hidden fees. 
  • An all-encompassing solution. A multidisciplinary team of immigration lawyers, investment specialists, and tax experts will take into consideration all of your and your family’s mobility, tax, and lifestyle needs. 
  • Confidential service and secure data management. All private data is stored within a GDPR-compliant database on a secure SSL-encrypted server. 
  • Authorized International Marketing Agent. Global Citizen Solutions is licensed by the Antigua and Barbuda government to promote the country’s CBI program and act as a CIP International Marketing Agent for Antigua and Barbuda. 
antigua program attracting foreigners

Get in touch with a Caribbean Citizenship by Investment specialist​

Frequently Asked Questions about Grenada Citizenship by Investment

The cost of the Grenada CBI program starts with a minimum donation of $235,000 for a single applicant or a family of up to four. Applicants must also pay application fees, due diligence fees, and processing fees.

The Grenada Citizenship by Investment Program is governed by the Citizenship by Investment Act of 2013 and is designed to encourage foreign investment in the country by granting citizenship to foreign nationals who invest in the country’s economy. To acquire Grenada citizenship, investors choose one of two investment options: A non-refundable contribution to the National Transformation Fund or a government-approved real estate purchase.

There are many benefits to investing in Caribbean through Grenada’s citizenship program and obtaining Grenadian citizenship, such as visa free travel to over 140 countries, tax optimization, a plan B, and the opportunity to apply for the US E-2 Visa. Additionally, Grenada permits dual citizenship, meaning you and your family members can retain your original nationality.

To qualify for the Grenada citizenship program, you must be at least 18, demonstrate a clean criminal record, and have the means to fulfill the necessary investment, which starts at $235,000.

The entire process to obtain Grenada Citizenship by Investment Program takes about nine months. This means that in just a few short months, successful applicants can obtain Grenada citizenship (and hold dual citizenship, as you can keep your existing nationality) and become a Grenada passport holder. 

You can’t buy Grenada citizenship, but you can you donate to Grenada’s National Transformation Fund and obtain citizenship. Alternatively, you can qualify, by investing in pre-approved real estate.

The average Grenada citizenship processing time is nine months, provided applicants fulfill the investment required and due diligence process.

imagrenada.gd is the Grenada citizenship by investment official website for Investment Migration Agency Grenada (IMA), the government authority responsible for releasing official information and overseeing the country’s program.

Grenada offers one of the best CBI programs for investors seeking a powerful passport; however, whether or not it’s worth it depends on your personal circumstances and goals. The country’s passport provides visa free travel to strategic destinations, including Schengen countries, the UK, China, Russia, and Saudi Arabia. The application process to secure citizenship is relatively straightforward, taking as little as nine months. Residents also benefit from no tax on foreign income.

Obtaining citizenship by donation in Grenada through the Grenada citizenship by investment program, also called the Grenada Investor Visa Program, requires submitting an application through an Authorized Agent licensed by Investment Migration Agency (IMA) Grenada. After investors complete the due diligence process and have had their application approved, they can make the required donation to a designated CBI escrow account in Grenada.

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