Grenada National Transformation Fund (NTF): CBI Contribution Route
Last Updated: September 28, 2026
Reviewed by Joe Rice
Written by Nigel Burgher
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The Grenada National Transformation Fund (NTF) is one of two options to obtain citizenship under Grenada’s Citizenship by Investment program. By making a non-refundable contribution of at least $235,000 to the fund, set by Investment Migration Agency (IMA) Grenada, investors and up to three of their family members can qualify for a streamlined application process and the benefits of a Grenada passport, provided they meet all the program’s requirements.
Under the Grenada Citizenship by Investment Act of 2013, an attractive aspect of the NTF is that funds donated to the fund are used to promote Grenada’s economic growth and support projects in critical industries, including tourism, agriculture, and alternative energy.
Global Citizen Solutions has put together this guide to walk you through Grenada’s NTF contribution option, including the eligibility requirements, minimum contributions, application process, and benefits for successful applicants and their families.
Grenada National Transformation Fund: Key Takeaways
The Grenada National Transformation Fund (NTF) is the only government contribution fund under Grenada’s Citizenship by Investment program.
Apply for Grenadian citizenship with a non-refundable contribution to the NTF of $235,000 for yourself and up to three family members.
Understand where NTF funds are allocated to support Grenada’s economy.
Compare the National Transformation Fund with the approved real estate option under Grenada’s citizenship program.
Understand that the NTF contribution is non-refundable and is not reimbursed, nor does it provide a financial return.
What is Grenada’s National Transformation Fund?
Grenada’s National Transformation Fund (NTF) was established in 2013 as the sole option to receive non-refundable contributions for obtaining citizenship under the Grenada Citizenship by Investment program. An individual or family of up to four can apply by making a non-refundable minimum contribution of $235,000, provided they meet all the program’s requirements and are eligible dependents. Contributions from applicants to invest in the NTF fund are used to support Grenada’s economy and critical industries, including tourism, agriculture, and alternative energy.
Why Investors Choose the NTF Investment
The main benefit of choosing Grenada’s National Transformation Fund (NTF) investment is that it requires a lower minimum investment of $235,000 for up to four applicants compared to at least $270,000 for real estate, as set by the Investment Migration Agency (IMA) Grenada. The NTF route enables you to file your application electronically, without a requirement to sign a sales agreement or travel to Grenada during the process.
Investing in the NTF contributes positively to Grenada’s economic development by enabling the financing of projects that advance social and economic progress. Once you obtain citizenship, you obtain a Grenada passport, which enhances your global mobility through easier access to 154 countries, according to the 2026 Global Passport Index developed by Global Citizen Solutions.
According to official Grenada CBI statistics released by IMA for the first quarter of 2026, the NTF route received 27 applications, while 110 applicants were granted citizenship. During the same period, the fund generated EC $17.47 million in revenue. The NTF also had the highest approval rate, with zero denials, compared with three denials for real estate investors.
Current NTF Contribution and Cost Components
Contribution
Main Applicant
Main Applicant + Spouse
Family of 4 (exc. Parents/grandparents under 55 and Siblings)
Family of 5 or More
Minimum Contribution
$235,000
$235,000
$235,000
+$25,000 per person +$50,000 (parents/ grandparents under 55) +$75,000 (siblings)
Application Fee
$1,500
$1,500 per person
$1,500 per person
$1,500 per person
Due Diligence Fee
$5,000
$5,000 per person
$5,000 per person
$5,000 per person
Processing Fee
$1,500
$1,500 per person
$1,500 per person over 17 $500 for persons under 17
$1,500 per person over 17 $500 for persons under 17
Interview Fee
$1,000
$1,000 per person
$1,000 per person over 17
$1,000 per person over 17
Ancillary costs vary depending on your agent or Grenada citizenship lawyer, along with any extra services your application requires, such as translations, notarizations, and apostilles.
Take a look at our Ultimate Guide to Grenada Citizenship by Investment
Initial review (1-2 days): An Authorized Agent conducts a preliminary compliance check to confirm program basic eligibility. A valid passport is usually required at this stage.
Prepare documents (2+ weeks): The agent provides a checklist and assists with preparing documents, including passports, birth certificates, and financial records. The completed application is then submitted to the Investment Migration Agency (IMA).
Due diligence (3-6 months): The IMA carries out background and financial checks on the applicant and dependents. Applicants aged 17 and over must also attend an interview.
Approval and NTF contribution (up to 1 month): After approval in principle, the main applicant makes the required non-refundable contribution to the National Transformation Fund. The contribution must generally be completed within 30 days of approval.
Citizenship and passport (4+ weeks): Once the contribution is confirmed, citizenship is granted, and the application is forwarded to the Passport Office for passport issuance.
NTF Contribution vs Approved Project Investment
Both a National Transformation Fund contribution and an approved project investment can lead to Grenadian citizenship, but they work differently and have separate criteria. The NTF involves a non-refundable contribution, while an approved project investment involves purchasing a stake in an approved project or a sole investment in an approved property.
Possible income generation and capital appreciation, depending on the property
Minimum Holding Period
N/A
5 years
Family Applications
Can include eligible family members
Can include eligible family members
Government Allocation of Funds
Criteria to receive funding
Under Grenada’s former Fiscal Responsibility Act 2015, 40% of National Transformation Fund inflows were required to be allocated to a contingency fund for purposes including arrears repayment, debt reduction, and disaster relief. This framework has since changed, with the government now allocating 10% of NTF receipts to the Contingency Fund. 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 quarterly report detailing the number of applications and funds received for the NTF under the CBI program, as well as how the funds are spent. For example, in the first quarter of 2023, the Ministry of Finance reported a transfer of EC$ 4.87 million to the Treasury for Budgetary Support from Grenada CBI funds, 90% of which came from NTF contributions. Funds are also used for operating expenses, debt reduction, and a contingency fund allocation.
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Frequently Asked Questions
The minimum investment amount required for Grenada’s National Transformation Fund will depend on the number of applicants included in your application. The Grenada NTF minimum contribution for an individual or family of up to four is $235,000. Additional costs, such as due diligence and processing fees, can also vary with the number of applicants.
The Grenada National Transformation Fund is one of two investment options to apply for Grenada citizenship through investment. The other option is an approved real estate investment. Citizenship by naturalization is also a possibility; generally seven years of legal residency for non-Caribbean nationals.
Applicants must be at least 18 years old, meet the due diligence and character requirements, and be able to make the required financial contribution to the fund. The main applicant can include as a spouse, dependent children, parents, grandparents, and siblings in their application, provided they also meet the program’s character and age requirements.
The Grenada National Transformation Fund (NTF) operates under the Investment Migration Agency (IMA) Grenada to ensure compliance with legal and regulatory frameworks by regularly publishing program statistics and financial activities. These reports are made public to promote transparency.
The NTF route uses a non-refundable qualifying contribution; it is not an investment designed to return capital after a minimum holding period.
No. Government fees also apply, including application, due diligence, processing, and interview fees, as well as professional or third-party costs for submitting the application through an authorized representative.
No. A contribution to the NTF is only one of the eligibility criteria; applications must also meet character and documentation requirements and undergo due diligence checks. After this, the Grenadian authority will make a financial decision on the application’s approval. The formation of the ECCIRA (Eastern Caribbean Citizenship by Investment Regulatory Authority), headqaurted in Grenada, along with the Grenada Citizenship by Investment (Amendment) Bill, 2026, may also introduce a residency requirement, subject to regional and parliamentry approval.
Obtain Grenadian citizenship by investment in just 7 months. Understand who can apply, qualifying investments, passport benefits, and eligibility for the US E-2 Visa.