Joe Rice The Grenada Citizenship by Investment (CBI) program grants eligible foreign nationals Caribbean citizenship and a second passport in exchange for a financial contribution to the nation.
Commonly referred to as the Grenada economic citizenship program, it enables investors and their families to benefit from life in a tropical island nation and to travel without a visa to 148 countries.
Eligibility requires applicants to make a significant economic investment, starting with a non-refundable contribution of $235,000 to the National Transformation Fund (NTF) supporting sustainability projects.
This guide takes a closer look at Grenada’s CBI program, including its benefits, eligibility criteria, and the entire application process.
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:
- 5 years for all citizens
- Visit or residency requirement: None
- Citizenship interview: Yes (virtual)
Overview of Grenada Citizenship by Investment (CBI) Program
The Grenada Citizenship by Investment Program (CIP) allows foreign investors to gain dual citizenship in exchange for foreign direct investment in the economy. Also known as the Grenada Golden Visa, the program provides the option to donate to the country’s government fund or purchase real estate to qualify for citizenship.
To attract foreign investors and stimulate economic growth, individuals who invest in Grenada citizenship by investment acquire citizenship and are granted a second passport. This passport provides easy access to 148 countries, including key hubs like the UK, Ireland, China, Russia, Saudi Arabia, and the Schengen Area. Passport holders secure residency privileges in several member states of the Organisation of Eastern Caribbean States (OECS) and the entitlement to apply for the US E-2 Visa.
Additionally, the main applicant’s family members can secure citizenship through a joint application. The required investment starts from $235,000 for solo investors or families of up to four, and there are two investment routes:
- Non-refundable contribution to the National Transformation Fund (NTF)
- Real estate investment in a government-approved real estate project
12 Benefits of Grenada Citizenship by Investment
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, Singapore, Russia, and China.
- Dual citizenship: The Grenada government allows dual citizenship, so you can maintain multiple citizenship with Grenada and other countries that permit dual citizenship status.
- Promising 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 only after initial approval: The required qualifying investment is made after pre-approval, increasing confidence and reducing risk.
- Citizenship rights: Successful applicants enjoy the same rights as other Grenadian citizens, including the right to live, work, and study in the country, as well as access to certain grants and preferential privileges.
- 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, including consular services and protection from Grenada diplomatic representations in four continents and ten countries.
- Extensive family inclusion: Qualified dependents for a family application expand beyond spouses, children, and parents to include dependent grandparents and siblings.
- Citizenship for future generations: New Grenada citizens can pass citizenship down to a future spouse or children.
- Flexible requirements: There are no language or cultural knowledge tests and no requirement to visit Grenada during the application process.
- Fast citizenship timeline: Grenada’s CBI program has a quick timeline for completing the application process, granting a Grenada second passport within six months.
- Eligibility for the US E-2 Visa: Grenada citizens are the only Caribbean nationals who can settle in the USA through the US E-2 Visa, a non-immigrant visa.
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.Grenada CBI Eligibility Criteria
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
Citizens of Afghanistan, Belarus, Iran, North Korea, Russia, Sudan, and Yemen do not qualify unless they have no ties to the country and have lived in a non-restricted country for at least ten years.
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
Grenada Citizenship Investment Options
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 passport.
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:
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 | |||
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)
Document translation and certification
A certified English translation must accompany documents not in English.
The Grenada citizenship by investment official website, imagrenada.gd, lists all documents required by Investment Migration Agency Grenada (formally the Grenada Citizenship by Investment Unit).
Step-by-Step Procedure: 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, 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 or affirmation 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
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 | |
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.
Costs | 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 | ||
Due Diligence Fee | $7,500 | $22,500 | $7,500 | $22,500 |
Processing Fee | $1,500 | $4,000 | $1,500 | $4,000 |
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 |
Different Types of Grenada Citizenship
Grenadians obtain their citizenship in one of the following ways:
Birth: Individuals born in Grenada
Descent: Individuals born to at least one Grenadian parent or grandparent
Naturalization: Individuals who have lived in Grenada for at least seven years
Marriage: Spouses of Grenada nationals who have been married for at least three years
Investment: Investors in Grenada’s citizenship program.
Is there any difference between Grenada CBI and Grenada Economic Citizenship?
There is no difference between Grenada Citizenship by Investment (CBI) and Grenada Economic Citizenship—both terms refer to the same initiative with different wording, allowing foreign investors to obtain Grenada dual citizenship by making a qualifying financial contribution.
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, 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.
Frequently Asked Questions about Citizenship by Investment Grenada
Can I buy Grenada citizenship?
You can’t buy Grenada citizenship, but you can obtain citizenship through legislation outlined in the Grenada Citizenship by Investment Act. To qualify, you must invest in pre-approved real estate with a minimum value of $270,000 or donate $235,000 to Grenada’s National Transformation Fund.
How much does it cost to get Grenada citizenship?
The Grenada citizenship by investment cost is $235,000 for the Grenadian government fund option or at least $270,000 for the real estate route. Additional fees include government fees, due diligence fees, and processing fees. The overall Grenada passport cost depends on the investment route and number of dependents included in the application.
What family members can I include in my Grenada citizenship by investment application?
Eligible family members can acquire a second citizenship and a Grenadian passport alongside the main applicant applying to the Grenada citizenship program. This includes:
- Spouse
- Dependent children
- Dependent parents and grandparents
- Siblings
How strong is Grenada passport?
According to the Global Passport Index, the Grenada passport is the 71st most powerful passport, allowing visa free travel to 148 countries, including the Schengen Area, the UK, China, Russia, Singapore, and Saudi Arabia.
What documents are required to apply for Grenada investor visa program?
When applying to Caribbean citizenship by investment in Grenada, the primary applicant must submit a series of required documents, such as proof of identity, police certificate, medical tests, and financial records. All documents must be certified and translated into English (if necessary).
How do you become a citizen of Grenada?
Individuals become Grenada citizens by birth if they’re born in Grenada, by descent if they’re born to a Grenadian parent or grandparent, by naturalization if they’ve lived in Grenada for at least seven years, or by investment if they make a qualifying investment in Grenada’s economy.
Must I visit Grenada for my citizenship application?
Grenada citizenship by investment requirements does not include a minimum residency period or visiting Grenada during the entire process.
Do I need to reside in Grenada to maintain my citizenship?
New Grenada citizens are not required to reside in Grenada to maintain multiple citizenship and a Grenadian passport.
What are the disadvantages of Grenada citizenship?
Though Grenada citizenship offers several advantages, there a some disadvantages of Grenada vs Dominica citizenship and that of certain other countries.
- Grenada doesn’t offer the cheapest options to acquire second citizenship.
- Countries like Antigua and Barbuda provide more visa free travel destinations
- While Grenada doesn’t tax foreign income, it is less tax-friendly than St Kitts and Nevis, which imposes zero personal income taxes.
What countries can you go to with Grenada citizenship by investment?
After you acquire Grenada citizenship and a passport, you can visit countries that allow visa free or visa on arrival access to Grenada passport holders, such as the UK, Russia, China, and countries in Europe’s Schengen Area.
Does Grenada allow dual citizenship?
Yes, Grenada allows dual citizenship, meaning its citizenship can hold passports of other nations. Foreigners can acquire Grenada dual citizenship without renouncing their original citizenship, provided their country of origin allows it.
What is the minimum investment required for the Grenada citizenship by investment program?
The initial investment to get Grenada citizenship by investment starts from $235,000 for a single applicant or a family of up to four, excluding government and associated fees.
Can family members be included in the Grenada citizenship by investment program?
The Grenada Citizenship by Investment Act states that investors can include their family members in their application.
What is the Grenada Golden Visa?
The Grenada investment citizenship program is part of the thriving Golden Visa industry. Forward-thinking investors can make an economic contribution to the nation and obtain Grenada citizenship and a Golden Passport for themselves and their family members. Grenada’s passport is politically neutral, offering personal security, visa free or visa on arrival access to key destinations worldwide, and eligibility for a US E-2 Visa.
