The Grenada Citizenship by Investment (CBI) program grants foreign nationals citizenship and a new passport in exchange for a financial contribution to the country’s economy. Investors and their families gain Grenadian citizenship and a passport offering visa free access to 148 countries, including the Schengen Area, the UK, and China.
Qualifying investments start from $235,000 and include donating to the country’s National Transformation Fund (NTF) and government-approved real estate investments.
Grenada’s political stability, competitive pricing, straightforward application process, and business-friendly policies make it a compelling choice for investors seeking a second passport.
Grenada CBI Key Program Details
- Visa free countries: 148
- Visa free to Schengen Area: Yes
- Tax framework: No worldwide income taxes
- Processing time: 6 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 30 or with disabilities
- Parents and grandparents over 55
- Unmarried siblings under 18
- Passport validity:
- 10 years for citizens over 18
- 5 years for minors under 18
- Visit or residency requirement: None
- Citizenship interview: Yes (virtual)
- US Visa: Eligible for a B1/B2 Visa and E-2 Visa
Overview of Grenada Citizenship by Investment (CBI) Program
The Grenada Citizenship by Investment Program allows foreign investors to obtain citizenship in exchange for foreign direct investment to improve the country economic and social development. Grenada’s Citizenship by Investment Act No. 15 of 2013 established a donation to the country’s government fund and an approved real estate purchase as qualifying investments.
Investment Migration Agency (IMA) Grenada is the government authority overseeing approved investments, donations, due diligence checks of eligible applicants, and Authorized Agents.
The main investor can include family members in their application. To be granted citizenship and a Grenada passport, foreign investors have two investment options, starting from $235,000:
- Contribution to the National Transformation Fund (NTF)
- Investment in government-approved real estate projects
Grenada allows dual citizenship, and as a member of international organizations like the Commonwealth of Nations, CARICOM, and the Organisation of Eastern Caribbean States (OECS), investors gain a second citizenship to enhance protection and diplomatic privileges.
Benefits of Grenada Citizenship
- Affordable citizenship by investment: The Grenada CBI program is cost-effective. Citizenship can be acquired as a single applicant or a family of four for $235,000.
- Visa free travel: Grenada passport holders have visa free access to 148 countries, including Europe’s Schengen Area, the UK, Hong Kong, Saudi Arabia, Russia, and China.
- Fast application process: Grenada CBI has a fast citizenship timeline. Investors can get a Grenada second passport within six months.
- Dual citizenship: The Grenadian government allows dual citizenship, so you can maintain multiple citizenship with Grenada and other countries that permit dual citizenship status.
- Investment opportunities: Obtain Grenada citizenship by purchasing shares or an entire unit in high-end tourist real estate and earn rental income through Grenada’s thriving tourism sector.
- Investment after initial approval: The required qualifying investment is made after pre-approval, increasing confidence and reducing risk.
- Tax optimization: Grenada ranks number one for tax optimization in the Global Citizen Solutions Global Residency and Citizenship by Investment Report. Tax residents do not pay worldwide income tax, wealth, capital gains, or inheritance taxes.
- Extensive family inclusion: Qualified dependents for a family application expand beyond spouses, children, and parents to include dependent grandparents and siblings.
- Flexible requirements: There are no language or cultural knowledge tests and no requirement to visit Grenada during the application process.
- Security of a Plan B: Grenada’s investment program offers citizenship and a solid Plan B to ensure stability and safety in a politically stable environment. This includes consular services and protection from Grenada diplomatic representations in four continents and ten countries.
- Citizenship for future generations: New Grenada citizens can pass citizenship down to a future spouse or children.
- Eligibility for the US E-2 Visa: Grenada citizens can settle in the USA through the Grenada E2 Visa Treaty with the United States.
Grenada and the US E-2 Treaty Investor Visa
Grenada has been a signatory to the US E-2 Visa Treaty since 1989. Grenada second passport holders can apply for a E-2 VISA to live and work in the United States through starting a business.
Eligibility Criteria for Grenada Citizenship by Investment
Main applicant
- Be over 18 years old
- Have an outstanding character
- Be in good health
- Hold a clean criminal record
- Pass a detailed background check
- Make a qualifying investment
Dependent family members
- Spouse
- Children
- Under 18
- 18 to 29, supported by the main applicant or spouse
- 18 or over who are physically or mentally challenged
- Dependent parents or grandparents over 55
- Siblings of the main applicant or spouse, over 18, unmarried and with no children
The application must be submitted through an Authorized Agent licensed by Investment Migration Agency (IMA) Grenada.
Banned nationalities
- Afghanistan
- Belarus
- Iran
- North Korea
- Russia
- Sudan
Citizens can qualify, provided they have no ties to the country and have lived in a non-restricted country for at least ten years.
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Grenada Citizenship Investment Options
Citizenship by investment in Grenada is available through one of two financial investments. Prospective applicants can donate to the National Transformation Fund or invest in approved real estate projects.
1. National Transformation Fund contribution
Grenada’s National Transformation Fund is a government fund that investors can make that a non-refundable donation of $235,00 to and receive a Grenada second passport. Participants who contribute to the fund support various critical sectors in Grenada and national economic growth through improvements to infrastructure, tourism, education, and healthcare.
| National Transformation Fund | Single Applicant or 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 |
2. Approved real estate investment
The Grenada real estate citizenship route provides two options. The property option offers potential profit on investment while contributing to Grenada’s real estate development market.
Option A
Investors can make a partial investment to the value of at least $270,000 in shares of government-approved real estate projects.
Option B
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 or Family of Up to Four | Additional Dependent (Child and Parent/Grandparent Over 55) | Additional Dependent (Parent/Grandparent Under 55) | Additional Dependent (Sibling) |
|---|---|---|---|---|
| Minimum Investment | Option A: $270,000 joint investment Option B: $350,000 sole investment | |||
Grenada Citizenship by Investment Required Documents
Document requirements
- Client Facilitator Agreement
- Personal data and information (form 1)
- Fingerprints, obtained in front of a licensed officer (form 2)
- Particulars for the Office of Home Affairs (form 3)
- Medical certificate (form 4)
- Employment, wealth, business, and related information (form 5)
- Investment confirmation (form 6)
- Thomson Reuters consent form – for Grenada CBI applicants above the age of 16
- Purchase and sale documents in 4 copies (in case of real estate investments / Escrow agreement and letter of engagement with a local agent (in case of NTF option)
- Passport Application Form
- Interview Application Form
- Oath of Allegiance – required for each family member 18 years or older
- Sworn Affidavit confirming dependent parents’ names
In addition, the general civil document requirements are the following:
- Original full birth record or certified copy of the birth certificate (2 copies)
- Certified copy of proof of name change (if applicable)
- Certified colored copy of current passport(s) showing the name, photo, citizenship/nationality, date, place of issue, expiry date, passport number, and issuing country
- A recent 35 x 45mm digital passport photo in a plain, light-colored background uploaded to IMA’s platform in JPEG/JPG or PNG format.
- Marriage or divorce certificates (2 copies)
- National ID or social security color copies (required for each applicant)
- Permanent residence ID or permanent residence proof
- Copy of military service card (if applicable)
- Affidavit from spouse or ex-spouse relating to children
- Affidavit of support from dependents
- Education certificates and transcripts
Supporting documents:
- Original documents proving the applicant’s residential address (e.g., utility bill)
- Original professional reference letter
- Lawyer or notary practicing certificate (a copy of the license of the lawyer of notary certifying the documents)
Additional documents:
- Payslips and/or salary letters
- CV
- Original reference letter from the main applicant’s banker
- Personal bank statements over the last 12 months
- Police clearance and criminal record checks (original document)
The Grenada citizenship by investment official website, imagrenada.gd, is operated by Investment Migration Agency (IMA) Grenada, which lists all documents required to apply for citizenship.
Document translation and certification
A certified English translation must accompany documents not in English.
Minimum stay requirement
Grenada CBI applicants are currently not required to visit or live in the country for a specified period before or after gaining citizenship status. Investors can complete the process, including the mandatory citizenship in their home country. The Grenada government and the four other countries offering Caribbean citizenship programs have decided to introduce a nominal residency requirement in 2025, pending final review.
Step-by-Step Process: Grenada Citizenship by Investment
- Choose investment route: Choose the National Transformation Fund contribution or approved real estate investment.
- Select an Authorized Agent: From IMA’s list of approved Authorized Agents and a Grenada citizenship by investment lawyer, choose one to submit your citizenship application.
- Document preparation: Prepare and complete the citizenship documents and forms provided by the agent.
- Submit your application: Your licensed agent will submit the citizenship application on your IMA.
- Take the citizenship interview: As part of the citizenship process, you must complete the mandatory interview requirement, which can be done virtually.
- Receive citizenship approval: Within six months of applying, successful applicants will receive a confirmation letter from Grenada Citizenship by Investment Committee (CBIC) with the status ‘Approved in Principle.’
- Make your investment: Make the investment and send proof to the Investment Migration Agency Grenada.
- Become a Grenada citizen: Take the Oath of Allegiance at an Embassy, High Commission, or Consular Office of Grenada, and become a citizen.
How long does the citizenship process take?
The Grenada citizenship timeline is about six months.
Month one (preparation)
- Choose the qualifying investment
- Choose an Authorized Agent
- Prepare the required documents and submit to the IMA
Months two to three (processing)
- IMA outsources background checks
- Complete the virtual interview
- Make the required investment
Month four to six (approval)
- Pay the passport fee and obtain a Certificate of Registration
- Obtain a Grenada passport
New automated Citizenship Certificate procedure
Investment Migration Agency (IMA) Grenada introduced a new automated Citizenship Certificate process to improve consistency and reduce the citizenship timeline. By shifting from manual to automated processing, applicants can expect a faster citizenship process.
Grenada CBI Fees and Processing Charges
Besides the required investment in Grenada, obtaining direct citizenship requires paying fees to complete the application process:
- Due diligence fee
- Processing fee
- Interview fee
- Passport fee
| Fee | National Transformation Fund | Real Estate Investment |
|---|---|---|
| Government Fee | N/A | $50,000: Family of up to Four $25,000: Additional dependent (child or parent/grandparent over 55) $50,000: Additional dependent (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 Grenada Citizenship Cost
Here is an example of the estimated cost to obtain Grenada citizenship through the NTF donation and real estate shares options 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.
| Fee | National Transformation Fund | Real Estate Investment | ||
|---|---|---|---|---|
| Single Applicant | Family of Four | Single Applicant | Family of Four | |
| Investment Required | $235,000 | $270,000 | ||
| Government Fee | – | $50,000 | ||
| Processing Fee | $1,500 | $4,000 | $1,500 | $4,000 |
| Due Diligence Fee | $7,500 | $22,500 | $7,500 | $22,500 |
| Application Fee | $1,500 | $6,000 | $1,500 | $6,000 |
| Interview Fee | $1,000 | $3,000 | $1,000 | $3,000 |
| Total | $246,500 | $270,500 | $331,500 | $355,500 |
Comparison of Citizenship by Investment in Grenada vs Other CBI Programs
Grenada
- Strengths:
- Eligibility for the US E-2 Visa
- Broad list of government-approved real estate developments
- Comprehensive family eligibility
- Fast processing time of six months
- Weaknesses:
- Only two investment routes
Antigua and Barbuda
- Strengths:
- Most family-friendly program
- Zero personal income tax
- Weaknesses:
- Minimum residency requirement
Dominica
- Strengths:
- Most affordable CBI program
- Most affordable real estate investment
- Weakness:
- No visa free access to the UK or Schengen zone
- Only two investment routes
St Kitts and Nevis
- Strengths:
- Fastest citizenship timeline
- Most reputable program
- Most visa free countries
- Weakness:
- Most expensive CBI program
- Minimum seven-year holding period for real estate
St Lucia
- Strengths:
- Offers the only fully-guaranteed investment option
- One of two programs offering business investment
- Weaknesses:
- Only one approved real estate development
- Longest citizenship timeline
Life in Grenada
Grenada, the “Isle of Spice,” has a beautiful blend of culture and economic growth, especially in agriculture and real estate.
Grenadian culture
Community is at the center of daily life in Grenada. With African, French, and British influences, Grenada comes alive through festivals, music, and traditions.
Festivals like Spicemas and Carriacou Parang Festival showcase amazing costumes, drumming, and street parades.
Beyond festivals, local markets are social and economic hubs, with spices, crafts, fresh produce, and deep community connections.
Whether you’re unwinding on the island’s beaches or joining in cultural celebrations, residents and visitors experience the perfect balance of tradition and nature.
Investing in Grenada’s industries
Agriculture is the backbone of the economy. As a leading producer of nutmeg, cloves, mace, and cinnamon, the island has strong agricultural exports. New developments in sustainable and organic farming have opened up opportunities for investors looking for green projects.
Real estate is also on the up for foreigners looking to invest in Grenada, with government-backed initiatives expanding infrastructure and investment opportunities. The real estate market is for both residential and commercial investors as Grenada becomes a business and lifestyle destination.
With tourism booming, new sectors in tech and finance, and the added bonus of Grenadian citizenship for global mobility, the island has the perfect mix of culture and opportunity.
Why use Global Citizen Solutions?
Global Citizen Solutions is a multidisciplinary firm offering bespoke residence and citizenship solutions in Europe and the Caribbean. In a world where the economy and politics are unpredictable, having a second citizenship opens up opportunities and creates flexibility for you and your family.
So, why work with Global Citizen Solutions to obtain Caribbean citizenship?
- 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 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.
