Launched in August 2013 by the Grenadian parliament, the Grenada Citizenship by Investment Program was designed to attract foreign direct investment into the country.

To acquire citizenship by investment, Grenada offers foreign investors two routes under the Grenada Citizenship by Investment Program: a non-refundable contribution to the National Transformation Fund ($150,000 for a single investor and $200,000 for a family of four) or a government-approved real estate purchase of $220,000 (which can be returned after five years).

Acquiring a Grenada second passport enables visa-free travel to over 140 countries, including the UK, EU Schengen countries, China, Russia, and Singapore. Grenada citizens can also apply for the long-term USA E-2 Investor Visa.

Keep reading for a Grenada citizenship by investment overview, including the costs and fees, the application process, and the time frame, and discover why obtaining Grenada citizenship is the ideal route for you.

What is the Grenada Citizenship by Investment?

The Grenada Citizenship by Investment Program offers foreign investors the opportunity to receive citizenship in exchange for a contribution to the nation’s economic growth. To acquire Grenada citizenship, investors choose one of two available investment routes: Non-refundable government donation to the National Transformation Fund — $150,000+ for a single applicant or $200,000+ for a family.

Often referred to as the Grenada Investor Visa Program, the Citizenship by Investment Grenada comes with an array of benefits for successful applicants. These include attractive tax advantages, flexible stay requirements, and the opportunity to obtain the Grenada passport, which grants visa-free access to over 140 countries worldwide.

Why choose a Caribbean passport by investment?

You should apply for the Grenada Citizenship by Investment if: grenada citizenship investment programme real estate purchase

  • You want to secure greater global mobility. With a Grenada passport, you have visa-free access to over 140 Grenada passport visa free countries, including the European Union, the UK, Hong Kong, Singapore, Russia, and China.
  • You want to diversify your assets and enjoy several Grenada tax breaks. In Grenada, there is no income tax on worldwide income, no capital gains tax, and no inheritance taxes.
  • You want to invest in high-end tourist real estate and benefit from the thriving tourism industry in the Caribbean.
  • You are looking for a Plan B for yourself and your family. A second citizenship offers alternatives in instances of global instability.
  • You are making plans to retire in a peaceful, sunny paradise. With Grenada citizenship, you and your family can live in any member state of the Organization of Eastern Caribbean States (OECS).

Benefits of the Grenada Citizenship by Investment Program

Passports for the whole family Passports for the whole family
Great tax benefits Great tax benefits
No residency requirement No residency requirement
Quick citizenship process Quick citizenship process
Visa-free travel to over 140 countries Visa-free travel to over 140 countries
Opportunity to apply for the USA E-2 visa Opportunity to apply for the USA E-2 visa

1. Second home in Grenada: In a world of unpredictable economies and politics, a second citizenship creates opportunities and flexibility for you and your family to create a haven on the island. A Grenadian passport is the ultimate Plan B and obtaining one is secure, easy, and fast.

2. Family inclusion: Your entire family can be included in the citizenship application – spouse, dependent children, siblings, parents, and grandparents. Citizenship is lifelong and will be passed down to future generations. Grenada recognizes dual citizenship, enabling you to keep your existing nationality.

3. Tax optimization: Grenada citizens enjoy an attractive tax environment with no income, wealth, or inheritance tax.

4. Flexible requirements: There are no residency requirements to acquire or maintain citizenship. You can do the whole process remotely without the need to visit Grenada at any point. There are also no language tests or academic requirements.

5. Visa-free travel: Grenada passport holders can travel visa-free to over 140 countries, including the European Union, the UK, Hong Kong, Singapore, Russia, and China.

6. US E-2 business visa: Grenada is the only Caribbean country that offers investors the chance to settle in the USA through the US E-2 Visa, a non-immigrant visa.

7. Affordable investment: The different routes for investment are affordable, starting at $150,000.

Does Grenada allow dual citizenship?

Yes, Grenada allows its citizens to hold dual nationality. Applicants to the Citizenship by Investment Program can maintain their original nationality after being granted citizenship in Grenada.

Who can obtain Grenada citizenship?

Grenada’s government launched the Grenada Citizenship by Investment Program in 2013 by passing the Citizenship by Investment Act, 2013. The following individuals can apply to the economic citizenship program.

Main applicant

The Grenadian citizenship requirements for the primary applicant are:

  • 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

Family members

The following family members can be included in the application process and obtain Grenadian citizenship for life:

  • Spouse
  • Children under the age of 18
  • Children aged 18 to 29, supported by the main applicant or spouse
  • Children aged 18 or over who are physically or mentally challenged
  • Dependent parents or grandparents of the main applicant or spouse, who are fully supported by the main applicant
  • Siblings of the main applicant or spouse, whether biological or adopted, aged at least 18, unmarried and with no children

Grenada Citizenship Requirements

The Grenada citizenship by investment official website, cbi.gov.gd, states that during the application, all documentation provided goes through a due diligence check performed by the Citizenship by Investment Unit (CIU) of the country you are applying to. This is a vital step in citizenship by investment application, as it means the documents and information will be checked to confirm the identity, financial profile, and security profile of the main applicant, as well as all family members aged 16 or over. A solid due diligence process is crucial to guarantee a CBI program’s credibility and longevity.

Document requirements

You will need to fill out the following forms, which will be provided by Global Citizen Solutions:

  • 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 the real estate investment option / 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
  • Original passport-sized photos of every applicant taken within the last six months (12 needed). One photo needs to be certified by a lawyer
  • 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)

OBS: This is a list for reference. The CBIC may request additional documents if necessary.

Document translation and certification

A certified English translation must accompany documents not in English. Documents must be certified and authenticated following the law of the jurisdiction from where the document originates.

Grenada Citizenship Investment Options

1. National Transformation Fund (NTF)

Grenada’s National Transformation Fund (NTF) is a government fund that attracts foreign investment and promotes economic development. To receive Grenada citizenship, make a non-refundable contribution to the National Transformation Fund, starting at $150,000. Your financial contribution will finance local projects in the country’s infrastructure, education, healthcare, tourism, and other sectors.

National Transformation Fund

Single Applicant

Family Up to 4

Additional Dependent

Additional Dependent (Parent Under 55)

Additional Dependent (Sibling)

Minimum Donation

$150,000

$200,000

+$25,000 each

+$50,000 each

+$75,000 each

Application Fee

$1,500 per person

Due Diligence Fee

$5,000 for each family member aged 17 or over

Processing Fee

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

Interview Fee

$1,000 per applicant aged 17 or over

2. Real estate 

It is also possible to obtain citizenship in Grenada in exchange for a real estate investment. Make a real estate purchase worth at least $350,000 as a sole investor or invest $220,000 in shares of Grenada real estate projects, usually high-end tourist accommodations such as resorts, villas, or hotels. In both cases, the properties must be government-approved and can be resold after five years.

Real Estate Investment

Family Up to 4

Additional Dependent

Additional Dependent

(Parent Under 55)

Additional Dependent (Sibling)

Minimum Investment

OPTION 1: $220,000 in shares
OPTION 2: $350,000 as sole owner

Government Fee

$50,000

+25,000 each

+50,000 each

+75,000 each

Application Fee

$1,500 per person

Due Diligence Fee

$5,000 for each family member aged 17 or over

Processing Fee

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

Interview Fee

$1,000 per applicant aged 17 or over

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

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Step-by-Step Procedure: Grenada Citizenship by Investment

At Global Citizen Solutions, we offer a preliminary due diligence assessment free of charge, so you can be assured that your application will be successful even before you sign the contract with us. Once you decide on the Grenada Citizenship by Investment Program, our expert team will guide you through the following steps to obtain your Grenadian passport:

Choose investment route

Document preparation

Submit your application

Receive approval from the CBIC

Make your investment

Become a Grenada citizen

  1. Choose investment route: Choose the right investment for you: Making a non-refundable contribution to the Grenada National Transformation Fund (NTF) or purchasing shares of pre-approved real estate projects.
  2. Document preparation: Prepare and complete the documents and forms as provided by Global Citizen Solutions. This includes the mandatory interview application form, which must be completed by each applicant aged 17 and older.
  3. Submit your application: Your dedicated Investment Migration Specialist will submit the citizenship application on your behalf*.
  4. Receive Grenada Citizenship by Investment Committee (CBIC) approval: Within 60-90 days of applying, successful applicants will receive a confirmation letter with the status ‘approved in principle.’
  5. Make your investment: Make the investment and send proof to the CBIC.
  6. Become a citizen:  You and your family will be granted citizenship of Grenada and receive your Grenada passports at an address of your choice.

*The CBIC doesn’t accept applications directly from applicants but only from Authorized Agents.

Mandatory interview process and fees

As of 4 September 2023, Grenada requires the main applicant, spouse, sponsor, and dependents aged 17 and older to partake in a mandatory interview as part of the due diligence procedure. This new requirement aims to preserve the integrity and reputation of the Grenada CBI program. Each applicant must complete an Interview Application Form, which must be submitted to the CBIC with the rest of the supporting documentation. Applicants will receive a link via email leading them to a questionnaire. The screening interview will be in English, but instructions will be provided in the applicant’s national or preferred language (which applicants should identify in the form). Each applicant being interviewed must pay a $1,000 fee.

Pros and Cons of Grenada Citizenship

Pros of Grenada Citizenship by Investment

Access to long-term USA visas: Grenada is the only Caribbean country whose citizens can apply for the USA E-2 Visa. If you fulfill the investment visa requirements (such as permanent residency), you can invest and live in the USA. Additionally, citizens can obtain a ten-year B-1/B-2 Visitor Visa. This non-immigrant visa allows you to spend up to 180 days a year in the US.

Visa-free access to Russia and China: A unique advantage of Grenada CBI, as not all Caribbean passports give access to both countries. The Grenada passport ranks 74th on the Global Passport Index and also provides visa-free access to the Schengen states in Europe, the UK, Singapore, and Hong Kong.

Protected from hurricanes: Grenada sits in a relatively safe position outside the Hurricane Belt, making it less vulnerable to extreme weather than other Caribbean countries.

Cons of Grenada Citizenship by Investment

Expensive: Compared to the other Caribbean programs, Grenada’s minimum investment threshold is higher, with a $150,000 minimum NTF donation for a single applicant or a $220,000 minimum property investment.

Limited investment options: Unlike other Caribbean countries offering several investment opportunities, the Grenada citizenship program has only two investment routes: Real estate investment or NTF donation.

Why Grenada?

Grenada, often referred to as the “Spice Island,” due to its production of spices like nutmeg, cinnamon, and cloves, offers a myriad of opportunities for investors seeking a lucrative and rewarding destination. With its stable political climate, robust economy, breathtaking natural beauty, and strategic location, Grenada presents compelling reasons to consider investment ventures.

The country consists of Grenada island itself, two smaller islands, Carriacou and Petite Martinique, and several small islands that lie north of the main island and are a part of the Grenadines. Its population is approximately 126,000, and the official language is English. Two other languages, known as the Grenadian Creoles (French and English), are also spoken.

Grenada has a stable political system and a strong commitment to democracy. The government is pro-business and has implemented policies to attract foreign investment, such as a favorable tax regime and fiscal incentives for investors. The country’s economy has experienced steady growth in recent years, with sectors such as tourism, agriculture, and renewable energy contributing to its development.

There is plenty to do on the island, such as hiking, diving, snorkeling, and exploring the country’s rich history. Grand Etang National Park and Forest Reserve is a great place to catch a glimpse of the island’s wildlife and lush vegetation, while the turquoise waters surrounding the island provide the perfect environment for exploring Grenada’s underwater sculpture park and marine life.

Grenada citizenship by investment program

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.

Frequently Asked Questions about Citizenship by Investment Grenada

What are Grenada citizenship benefits?

The benefits of obtaining Grenada citizenship are visa-free access to over 140 countries, including the European nations in the Schengen Zone, the UK, Singapore, China, and Hong Kong; the possibility of applying for the E-2 Visa in the USA; and tax advantages, including no tax on global income. Opening an account at any of the banks in Grenada is also faster as a citizen.

Can I buy Grenada citizenship?

If you apply for the Grenada citizenship program, you can obtain citizenship in exchange for a minimum investment in the country:

  1. A non-refundable contribution to the National Transformation Fund (NTF), starting at $150,000 for a single applicant or $200,000 for a family.
  2. A property investment starting at $220,000 which can be resold after five years.

Additional fees include government fees, due diligence fees, application fees, a passport fee, interview fees, and an oath fee. The Grenada citizenship processing time is three to six months.

What are the Grenada Citizenship by Investment (CBI) Program requirements?

To acquire Grenada citizenship, the primary applicant must:

  • Be 18 years of age
  • Have a clean criminal record
  • Be in good health
  • Pass a detailed background check

Once the requirements are met, the applicant must choose one of the following investment opportunities: A donation to Grenada’s National Transformation Fund, starting at $150,000, or the purchase of government-approved real estate, worth $350,000 in the case of an independent property, or $220,000 in shares of touristic accommodation.

What is the Grenada citizenship by investment cost?

The investment minimum government donation for the Grenada Citizenship by Investment Program is $150,000 for the government fund donation or $220,000 for the real estate purchase. Additional fees include government fees, due diligence fees, and processing fees. The overall cost depends on the investment route and number of dependents.

How fast can I get Grenada citizenship?

Grenada citizenship by investment processing time and approval usually takes 60 to 90 days. The whole process, from submitting your application to receiving your Caribbean passport, takes three to six months.

What family members can I include in my Grenada citizenship by investment application?

Eligible family members can acquire citizenship and a Grenada passport, with the main applicant applying to the investment program. This includes Grenada citizenship for:

  • Spouse
  • Dependent children
  • Dependent parents and grandparents
  • Siblings

All of them will benefit from Grenada’s citizenship program and the advantages of being a Grenada passport holder, such as dual nationality, visa-free travel to over 140 countries, and additional personal and financial security.

How strong is Grenada passport?

According to the Global Passport Index, the Grenadian passport is the 74th most powerful passport, allowing visa-free travel to over 140 countries, including the Schengen area, the UK, China, Russia, Singapore, and Hong Kong.

What documents are required to apply for Grenada investor visa program?

When applying to the Grenada CBI program and a Grenadian passport, the primary applicant must submit a series of required documents, such as proof of identity, police certificate, medical and bank records, etc. All documents must be certified and translated into English (if necessary). The complete list of required documents is available in this article.

How do you become a citizen of Grenada?

It is possible to obtain Grenada citizenship by marriage, birth, naturalization, or investment. If you decide to apply for Grenada citizenship by investment, you can be granted citizenship in exchange for an investment in the country. This can be a non-refundable government donation of $150,000 or more to the National Transformation Fund (NTF) or an investment of at least $220,000 in government-approved real estate.

Does Grenada allow dual citizenship?

Grenada does permit dual citizenship, meaning you can obtain Grenada citizenship without losing your existing citizenship status. The Grenada CBI program offers investors a straightforward application process to obtain Grenada passports and allows the inclusion of dependent parents and dependent children.

Must I visit Grenada for my citizenship application?

The Grenada citizenship by investment requirements do not include a minimum residency period or other residency requirements. Processing is entirely remote, so you don’t need to visit Grenada at any point.

Do I need to reside in Grenada to maintain my citizenship?

Successful applicants of Grenada’s citizenship by investment program are not required to rise in Grenada to maintain citizenship and a Grenadian passport.