Grenada CBI Statistics 2026: 97.5% Application Approval in Q1

Grenada’s citizenship program showed notable trends in the first quarter of 2026. According to the Q1 statistics released by the Investment Migration Agency Grenada (IMA), the number of applications received dipped slightly to 103, down from 123 in Q1 of 2025, but real estate revenue increased to EC$ 77.8 million from EC$ 65.1 million in Q1 2025.

The data also revealed that China and Nigeria made up a larger share of total applications than in the previous year, with Chinese nationals accounting for 15% of applications compared to 12% in Q1 of 2025, and Nigerian nationals accounting for 24% of applications compared to 14% in Q1 of 2025.

This guide provides insights into Grenada CBI statistics for Q1 2026, highlighting application trends, approval rates, revenue performance, and the implications for investors.

Quick Summary of Q1 2026

The Grenada citizenship program generated EC$ 38.88 million (USD $12.54 million) in 2025.

Real estate was the preferred investment option, accounting for almost 74% of the 103 applications received.

Nigerian citizens made up almost a quarter of all applications, at 24%. China was second, with 15%, and the United States was third, with 9%.

Despite Q1 2026 seeing a slight decline in applications received compared to the same period in 2025, the steady influx of applications has continued to generate stable revenues, with the program generating EC $17.47 million (USD $6.46 million) in contributions and EC$ 77.8 million (USD $78.76 million) in real estate investment.

Real estate vs contribution

Real estate emerged as the preferred investment option in the Grenada CBI statistics for Q1 2026. With the narrower minimum investment threshold between real estate investment and the National Transformation Fund contribution, real estate continues to capture a larger percentage of total investments.

Q1 investment per year

Investment by option and total revenue in EC$ millions.

With EC$ 91.27 million (USD $33.76 million) in revenue, excluding processing fees, the figures show that revenue remains steady. While revenue is down compared to quarter one of 2024 and 2025, the IMA has managed to process the backlog of applications for Grenada passports.

Application approval and rejection statistics

The lower approval number in Q1 2026 compared to 2025 is in line with the number of applications received. On the other hand, there were 539 new citizens in Q1 2026 compared to 491 in the same period of 2025.

Investment trends for Grenada Citizenship by Investment have continued to evolve in 2026. Purchases of real estate approved developments remain the most popular investments. Grenada real estate investments, particularly in luxury resorts like Coral Cove Hotel and residential developments like the Point at Petite Calivigny, remain highly sought after, reaching EC$ 77.8 million (USD $28.79 million) in revenue.

Processing Times and Efficiency

Processing times for Grenada’s CBI applications are improving. The quick processing times are due to efficiency and enhanced Grenada immigration measures established by the Investment Migration Agency (IMA) Grenada, which became the new Grenada Citizenship by Investment Unit in March 2024.

Grenada’s processing times are among the fastest among regional peers like Antigua and Barbuda and St Lucia, with an average of seven months, compared to over 14 months in Antigua and Barbuda and 15 to 16 months in St Lucia.

Increased stability and credibility: The Grenada CBI statistics showed that steady revenue and application numbers indicate the program’s enhanced stability and credibility. This spurs economic growth and strengthens diplomatic relations.

More investment opportunities: The influx of foreign capital continues to push market appeal and create new and more lucrative business and real estate investment opportunities in Grenada.

Stronger economy: Grenada’s economy benefits from steady CBI revenue, leading to economic and social improvements, including better infrastructure and public services. This positively impacts both applicants and residents and supports tourism growth.