Through the Grenada Citizenship by Investment Program, foreign investors can secure a second citizenship by contributing to the country’s economy. After a successful application, you receive a Caribbean passport, which grants you visa free access to 148 countries and the security of a plan B citizenship in a stable financial and political environment. You can apply as a single applicant or with up to three family members through an investment of at least $235,000. This guide will walk you through all the essential details about the program, including:
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.- Increased international mobility: 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.Overview of Grenada Citizenship by Investment (CBI)
The Grenada Citizenship by Investment Program (CIP) allows foreign investors to gain dual citizenship in exchange for foreign direct investment in the economy. The program has the option of donating to the country’s government fund or purchasing real estate to qualify for citizenship.
To draw foreign investors and stimulate economic growth, individuals who invest in Grenada and complete the citizenship process are granted a second passport which provides easy access to countries like the UK, Ireland, China, Russia, Saudi Arabia, and the Schengen Area. Additionally, main applicants’ 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
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)
Grenada Citizenship by Investment 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
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 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 | |
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 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
- 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
Original full birth record or certified copy of the birth certificate (2 copies)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.
Calculate the cost of citizenship for you and your family, including all associated fees.
Estimated Grenada Citizenship Cost
Here is an example of the estimated cost to obtain Grenada citizenship through the NTF donation option 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 | Single Applicant | Family of Four |
Investment Required | $235,000 | |
Due Diligence Fee | $7,500 | $22,500 |
Processing Fee | $1,500 | $4,000 |
Application Fee | $1,500 | $6,000 |
Interview Fee | $1,000 | $3,000 |
Total | $260,600 | $270,500 |
Grenada Passport Ranking
The Grenada passport is a strong Caribbean passport, granting visa free travel to 148 countries and territories worldwide. Destinations Grenadian citizens can visit without a visa include the UK, Ireland, Russia, China, Hong Kong, Saudi Arabia, and EU countries in the Schengen Area. Grenada citizenship is the only Caribbean country that provides eligibility for the US E-2 Visa 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
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 Grenada’s Caribbean citizenship program, 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?
You can become a Grenada citizen by marriage, birth, naturalization, or investment. If you decide on the investment route, also called the Grenada Golden Visa, you can be granted citizenship by contributing $235,000 to the National Transformation Fund (NTF) or making a real estate investment of at least $270,000 in a government-approved project.
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.
