Grenada National Transformation Fund (NTF) CBI Investment Option

The Grenada National Transformation Fund (NTF) donation is a route to obtaining citizenship under Grenada’s Citizenship by Investment Program. By making a non-refundable contribution of at least $235,000 to the fund, investors and up to three of their family members can enjoy a streamlined application process and the benefits of being a Grenada passport holder. Incorporated into the Grenada Citizenship by Investment Act of 2013, an attractive aspect of the NTF is that money from the fund is used to boost Grenada’s economic growth and support various projects in many industries, including tourism, agriculture, and alternative energy.

Grenada National Transformation Fund: Key Takeaways

The Grenada National Transformation Fund (NTF) is a government fund investment under Grenada’s Citizenship by Investment Program.

Qualify for Grenadian citizenship with a non-refundable contribution to the NFG of $235,000 for yourself and up to three family members.

Understands how NTF funds support Grenada’s economy, including social welfare programs and infrastructure projects.

Compare the National Transformation Fund with the approved real estate option under Grenada’s Citizenship by Investment Program.

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Why Investors Choose the NTF Investment

The main benefit for applicants opting for Grenada’s National Transformation Fund (NTF) investment is that the application process is hassle-free, particularly when compared to the process of real estate investment. The NTF route enables you to file your application electronically for a more streamlined process. 

Furthermore, by investing in the NTF fund, you are positively contributing to the island of Grenada by financing projects that improve its social and economic progress. Once you obtain citizenship, you obtain a Grenada passport which enhances your global mobility.

From 2017 to 2019, donating to the Grenadian National Transformation Fund (NTF) was the most popular route for citizenship by investment in Grenada. Between 2016 and 2022, around $172.8 million was invested in the fund. In recent years, the greater demand for accommodation by tourists has driven more investors to choose the real estate option to obtain dual citizenship.

The following table shows the percentage distribution of investments in Grenada real estate and Grenada’s National Transformation fund from 2014 to the third quarter of 2022.

Government Allocation of Funds

Criteria to receive funding

Grenada’s Fiscal Responsibility Law (FRL) requires that 40 percent of NTF funds be placed in a contingency fund and be used for arrears payments, debt reduction, and contingency financing for disaster relief. In 2019, the government amended the NTF regulations to provide financial support for relief, recovery, and reconstruction after a natural disaster. Additionally, rules were set regarding the accumulation of resources in the fund, and governance and accountability arrangements were elaborated.

Breakdown of fund allocation

Grenada’s Finance Ministry publishes a report quarterly each year detailing the number of applications and funds received for the NTF under the CBI program and how the funds are spent. For example, in the fourth quarter of 2022, Grenada’s Treasury spent XCD 21,149,946 on capital projects. Funds are also used towards NTF operating expenses, budgetary support for the Treasury, financing various projects (such as improving infrastructure and education), and supporting industries including tourism, agriculture, and alternative energy.