What is Grenada’s NTF?

Grenada’s National Transformation Fund (NTF) was established in 2013 and is a route to obtain Grenada citizenship under the country’s citizenship by investment program. An individual or family of four can make a non-refundable minimum contribution of $235,000 to the fund and receive citizenship. Contributions from applicants opting to invest in the NTF fund are used towards transforming Grenada’s economy as well as developing and supporting the country’s infrastructure, education, and more. Finally, the fund is used to support various projects in many industries, including tourism, agriculture, and alternative energy.

What is Grenada’s NTF Fund minimum donation?

The minimum investment amount required for Grenada’s National Transformation Fund will depend on the number of applicants included in your application. The fund investment minimum contribution for an individual or family of up to four is $235,000. Additional costs, such as due diligence fees and processing fees, can also vary depending on the number of applicants.

Is the Grenada NTF the only route to citizenship?

The Grenada National Transformation Fund is one of the ways you can use a Grenada citizenship by investment lawyer to obtain citizenship in Grenada. Another option is to invest in pre-approved real estate. Both options allow you to include family members in your application for permanent residence in Grenada.

Who can apply for citizenship under Grenada’s NTF Fund?

Applicants applying for Grenada citizenship must be at least 18 years old, meet the due diligence and personal requirements, and be able to make the required financial contribution to the fund. The main applicant can include family members, such as a spouse, dependent children, and dependent parents, in their application.

How does the NTF ensure transparency and accountability in its operations?

The Grenada National Transformation Fund( NTF) operates under government oversight, ensuring adherence to legal and regulatory frameworks by publishing regular reports detailing its activities, expenditures, and contributions. These reports are accessible to the public and promote transparency. Entities such as the Financial Action Task Force (FATF) establish global transparency norms, which Caribbean CBI countries must meet to uphold the integrity of their programs.

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.

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.

Grenada-citizenship-ntf-fund-many-industries-financing-projects

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NTF Fund Option	Individual Applicant	Married Couple	Family of Four	Family of Five
Contribution amount	$235,000			+ $25,000 per additional dependent
Government Due Diligence fee	$5,000 per person		$5,000 per dependent (No fee for dependents aged 0-16)
Application fee	$1,500 per person
Processing fee	$1,500 per person over 18 / $500 per person under 18

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.

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.

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