Grenada Citizenship by Investment (CBI) Program Ultimate Guide

Unlock a Grenada Passport by Investing in Paradise

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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 (CIP) was legislated into Grenada’s Citizenship Act in 2013. It grants prospective investors and their families the opportunity to become a Grenadian citizen in exchange for an investment starting from $235,000, which includes a non-refundable contribution to the state fund or purchasing real estate in a government-approved project.

These investment opportunities have been established as ways for Grenada to improve its social and economic growth. Grenadian citizenship comes with several benefits, including visa free travel to over 140 countries, favorable taxes, and the chance to apply for the US E-2 investor visa. 

Grenada Citizenship by Investment Overview

Historical context

The Grenada citizenship by investment program introduced into Grenada nationality law through the Grenada Citizenship by Investment Act No. 15 of 2013, allowing foreign nationals to get Grenada second citizenship by making a foreign direct investment to propel the country’s socio-economic progress.

The Grenadian government has identified two investments considered adequate for advancing the country’s objectives: A state fund contribution and an approved property investment. The value must meet the minimum investment threshold, which is $235,000 for the government fund contribution and $270,000 for real estate investments, to meet Grenada citizenship by investment requirements and obtain citizenship.

For international transparency and the management of fund donations, the National Transformation Fund (NTF) was formed to allocate resources strategically toward various national development initiatives and local projects, such as infrastructure projects, healthcare expansion, education programs, environmental conservation efforts, and socio-economic welfare programs.

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

Key CBI program revisions

March 2019: Broadened criteria for eligible dependents to include grandparents and siblings.

April 2019: Minimum joint real estate purchase reduced to $220,000 from $350,000.

September 2023: Mandatory interview requirement added to the due diligence process for prospective investors and dependents 17 and over.

March 2024: Signed the Caribbean Memorandum of Understanding Agreement (MoA).

March 2024: Replaced Grenada Citizenship by Investment Unit with Investment Migration Agency Grenada.

June 2024: Raised the investment minimum contribution from $150,000 to $235,000 as per the MoA.

10 Benefits of Grenada's Citizenship by Investment Program

1
Ultimate plan B

Having a Grenada second citizenship gives you and your family the freedom and flexibility of global mobility.

2
Citizenship for the entire family

The primary applicant can include their spouse, dependent children, siblings, parents, and grandparents in their citizenship application for a Grenada passport. Grenada does permit dual citizenship, meaning you can retain your original citizenship, and it can be passed down to future generations.

3
Affordable investment options

Obtaining Grenada citizenship is affordable through the Grenada Investor Visa Program thanks to the low minimum investment amount of $235,000 for a single applicant or family of up to four. 2024 financial statistics of Grenada’s CBI program release by Investment Migration Agency Grenada demonstrate that the country is prime for further foreign investment.

4
Fast application process

Your Grenada citizenship by investment application will be processed within nine months and you will be granted citizenship by investment in Grenada and receive your Grenada passport.

5
Tax optimisation

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

6
No residency requirements

You do not need to visit Grenada at any point during the citizenship by investment application process, which can be completed remotely. You also do not need to visit Grenada to maintain citizenship.

7
Visa free travel

Grenada passport holders enjoy increased global mobility with visa free travel to over 140 Grenada visa free countries, such as China, Hong Kong, Singapore, countries in Europe’s Schengen Area, and the UK.

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 any kind of academic requirements. 

9
US investor visa access

Grenada nationals can apply for the US E-2 investor visa, which allows them to settle in the US.

Who can obtain Grenada citizenship?

 To apply to the Grenada citizenship investment program, the principal applicant must: 

  • Be over 18 years old 
  • Be of outstanding character 
  • Be in good health 
  • Have a clean criminal record 
  • Pass a detailed background check 
  • Make a qualifying investment 

Global Citizen Solutions offers an initial due diligence assessment before making your application. At no additional cost, this assessment helps ensure you will have a successful application. 

The primary applicant can include the following family members in their application for Grenada citizenship: 

  • Spouse 
  • Children under 18 
  • Children between 18 and 29 who are supported by the main applicant or spouse 
  • Children 18 and over who are physically/mentally challenged 
  • Parents of the main applicant or spouse whom the main applicant fully supports 
  • Grandparents of the main applicant or spouse whom the main applicant fully supports 
  • Siblings of the main applicant or spouse (biological or adopted) aged at least 18, unmarried, and without children 

Investment Migration Agency (IMA) Grenada ensures the integrity of the country’s citizenship program by conducting thorough due diligence checks on applicants’ criminal backgrounds and health.

  • Medical clearance: Prospective applicants must prove good health by taking comprehensive tests 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.

Investment Migration Agency Grenada prohibits applications from citizens of the following countries:

  • Afghanistan
  • Belarus
  • Iran
  • North Korea
  • Russia
  • Sudan
  • Yemen

Specific circumstances may allow individuals born in these blacklisted countries to be eligible for a Grenada Golden Visa and economic citizenship, provided they meet all criteria below:

  • 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.
  • Maintain no economic ties to a restricted country.
  • In cases where applicants originate 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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Investment Options for Grenada Citizenship by Investment

To obtain a Grenadian passport under Grenada’s Citizenship by Investment Program, you have two investment routes to choose from. The first is to make a contribution to a government fund, and the second is to make a real estate investment.

1. National Transformation Fund (NTF) donation

An initiative designed by the government of Grenada to attract foreign investment that is used to develop the country’s various sectors, including education, healthcare, infrastructure, and tourism. Investors must make a minimum non-refundable contribution of $235,000 to the National Transformation Fund. 

Additional fees include an application fee, due diligence fee, and processing fee.

Single Applicant

Family of Up to Four

Additional Dependent (Child and Parent/Grandparent Over 55)

Additional Dependent (Parent/Grandparent Under 55)

Additional Dependent (Sibling)

Minimum Donation

$235,000

$25,000 each

$50,000 each

$75,000 each

Application Fee

$1,500 per person 

Due Diligence Fee

$5,000 per family member aged 17 and over 

Processing Fee

$1,500 per person aged 18 ($500 per person under 18)

Interview fFee

$1,000 per applicant aged 17 and older

2. Government-approved real estate purchase

Investors have two options under the real estate option: Make a real estate purchase worth a minimum of $350,000 or purchase shares in a real estate project worth at least $220,000. These projects are usually in high-end tourist accommodations, such as hotels, resorts, and villas, and must have been previously approved by the Grenada government. 

The principal applicant must sign a Sales and Purchase Agreement with an approved real estate developer and transfer the required investment and associated fees to an Escrow account managed by an on-island attorney. If you want to resell the property, you can do so after five years to maintain citizenship in Grenada.

This route includes due diligence fees, government fees, and application fees.

Single Applicant or Up to Four Family Members

Additional Dependent (Child and Parent/Grandparent Over 55

Additional Dependent (Parent/Grandparent Under 55)

Additional Dependent (Sibling)

Minimum Investment

Option 1: $270,000 in shares  
Option 2: $350,000 as a sole owner

Government Fee

$50,000

$25,000 each

$50,000 each

$75,000 each

Application Fee

$1,500 per person 

Processing Fee

$1,500 per person aged 18 or over ($500 per person under 18)

Due diligence Fee

$5,000 per family member aged 17 or over 

Interview Fee

$1,000 per applicant aged 17 and older

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, 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

Once you have made the decision to obtain Grenada citizenship by investment, our expert team at Global Citizen Solutions will guide you through each step of the application process.
1. Choose your investment route​

Choose the best route for you under the Grenada Citizenship by Investment Program: A non-refundable contribution to the National Transformation Fund (NTF) or investing in pre-approved real estate projects.

2. Preparation of documents

Gather all the necessary documents for your Grenada citizenship application and fill out the forms provided by our expert team.

3. Submit your application through GCS

Global Citizen Solutions will submit your application on your behalf, as per the CBIC's regulations. The CBIC accepts applications submitted by Authorized Agents only and will not accept those submitted directly by applicants.

4. Receive approval from the CBIC

You will receive a confirmation letter from the CBIC stating that your application is 'approved in principle' within nine months of the submission date.

5. Make your investment and send confirmation

Make the required investment and send proof to the CBIC.

6. Become a Grenada citizen

You and your included dependents will be granted Grenada citizenship. Your Grenada passports will be sent to you at an address of your choice.

Pros and Cons of Grenada Citizenship by Investment

Any citizenship by investment program will have its advantages and disadvantages, and the Grenada Citizenship by Investment Program is no different. It’s up to you to determine whether the pros outweigh the cons and meet the requirements of your personal circumstances.

Pros

Visa options

While all Caribbean passports offer visa free access to over 140 countries, not all of them include China and Russia on their list of visa free countries. The Grenadian passport is strong, ranking 74th on our Global Passport Index and providing a citizen of Grenada visa free access to China, Hong Kong, Russia, Singapore, the Schengen Area, and the UK.

Visa-free travel

While all Caribbean passports offer visa-free access to over 140 countries, not all of them include China and Russia on their list of visa-free countries. The Grenada passport is strong, ranking 74th on our Global Passport Index and providing visa-free access to China, Hong Kong, Russia, Singapore, the Schengen Zone, and the UK.

Weather

Many Caribbean countries experience hurricane season, but this is not the case for Grenada. Its ideal location outside the Hurricane Belt makes it less vulnerable to extreme weather conditions and safer than other Caribbean countries.

Cons

Limited investment options

Grenada's citizenship program offers two investment routes to acquire citizenship in Grenada: A contribution to Grenada's National Transformation Fund or a property investment. This can feel limiting to investors, particularly when compared to other Eastern Caribbean states that offer additional investment routes, such as business investment and government bond acquisition.

Cost

Compared to some of the other Caribbean CBI programs, Grenada's NTF option minimum contribution of $235,000 and $270,000 for investing in real estate is high. However, this is still a more affordable option than the St Kitts and Nevis investment program.

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 applicant and cheapest for real estate investments
  • Antigua and Barbuda: The most affordable program for a family of four or more.
  • Grenada: The only Caribbean nation offering eligibility for the US E2 Visa Program
  • St Kitts and Nevis: The first country in the world to establish citizenship by investment. It provides the most powerful Caribbean passport by investment.
  • St Lucia: Offers the most investments, including a $250,000 investment in infrastructure projects.

Grenada Taxes for New Citizens

Foreign nationals who obtain new citizenship in Grenada access a favorable tax framework. Grenada imposes no global income, capital gains, inheritance, or wealth taxes.

Grenada tax rates are as follows: 

  • Income tax is 10 to 28 percent
  • Grenada VAT (Value-added tax) is fixed at 15 percent. 
  • The business and corporate tax rate is 30 percent of net profits.
  • Stamp duty for sellers is 5 percent for Grenada citizens and 15 for foreign nationals. Buyers pay 10 percent.
  • Annual property tax is 0.2 to 0.3 percent.

About Grenada

Grenada-real-estate-services

Grenada is famous as the ‘Spice Island’ of the Caribbean region. It is also one of the few places in the world where chocolate is produced from bean to bar and is home to five chocolate factories. 

With a population of about 124,000, the country of Grenada consists of three islands: Grenada island, Carriacou, and Petite Martinique. As a former British colony, Grenada’s official language is English. The Grenadian Creoles, namely French and English, are also widely spoken.  

The island offers breathtaking natural landscapes, a stable political climate, a growing economy, a strategic location, and plenty of investment opportunities. It also has plenty of waterfalls, such as Annandale Waterfall and the Seven Sisters Falls, located in the Grand Etang National Park.

Grenada is politically stable, with long-standing democratic processes and continuing development. With many pro-business policies to attract foreign investment, its economy has benefited significantly, thanks to its agriculture, renewable energy, and tourism sectors. 

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. 

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 to the National Transformation Fund. Applicants must also pay application fees, due diligence fees, and processing fees. The second route requires a $270,000 real estate purchase and includes government fees and due diligence fees. The overall cost of your citizenship by investment application will depend on your investment route and whether you include your spouse, dependent parents, dependent children, grandparents, or siblings.

The Grenada Citizenship by Investment Program is governed by the Citizenship by Investment Act, 2013, and designed to encourage foreign investment in the country. To acquire Grenada citizenship, investors choose one of two available investment options: A non-refundable contribution to the National Transformation Fund ($235,000 for a single applicant or a family of up to four people) or a government-approved real estate purchase of at least $270,000. The real estate investment can be returned after five years. The Grenada Citizenship by Investment Program is a fast and straightforward way for investors to obtain a Grenada passport.

There are many benefits to investing in Grenada and obtaining Grenada citizenship, such as visa-free travel to over 140 countries, limited taxes, and the opportunity to apply for the US E-2 Visa. In fact, Grenada is the only Caribbean country that affords its citizens this visa opportunity. Additionally, Grenada does permit dual citizenship, meaning you and your family members can retain your original nationality.

Yes, Grenada offers dual citizenship. Once you acquire Grenada citizenship by investment, you – and any family members included in your Grenada CBI program application – can enjoy lifelong citizenship in this beautiful Caribbean country.

The average processing time of an application to the Grenada Citizenship by Investment Program is 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 apply for Grenada citizenship through the country’s economic citizenship program. To qualify, you must invest in pre-approved real estate or donate to the government’s fund. The total investment requirement requires paying additional fees, including due diligence fees, application fees, a passport fee, and an oath fee.

From submitting your citizenship application and making your investment donation to receiving your Grenada second passport, the whole process to obtain citizenship takes nine months.

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 economic citizenship program.

Grenada offers one of the best CBI programs for a single investor seeking a powerful passport granting visa free travel to strategic destinations, including Schengen countries, the UK, and China. Another reason why Grenada citizenship is worth it is that the application process to obtain a Grenadian passport is relatively straightforward, taking as little as nine months. Successful applicants also benefit financially from no worldwide income tax, wealth, or inheritance tax.

Obtaining citizenship by donation in Grenada through the Grenada citizenship by investment program requires submitting an application through an Authorized Agent licensed by Investment Migration Agency (IMA) Grenada. After prospective 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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