The Citizenship by Investment Programme was established in August 2013 under the ‘Grenada Citizenship by Investment Act, 2013.’ The stated objective of the Act is to “enable persons to acquire permanent residence and citizenship of Grenada by registration following investment in Grenada.”
Applicants may only make two types of investments to obtain citizenship or permanent residence:
The National Transformation Fund (NTF)
The National Transformation Fund (NTF) was established in 2013 as a means of transforming Grenada’s economy into one that is ever more prosperous and independent. The NTF finances various projects in Grenada for the benefit of its many industries, including tourism, agriculture, and alternative energy.
Applicants opting for the NTF route must contribute USD $150,000 as a single applicant, and at least USD $200,000 for a family, along with some additional processing fees as set out below.
Approved Project in Grenada (Real Estate)
One of the options available to applicants seeking to obtain citizenship by investment in Grenada is to invest in a Government-approved project. Grenada is rapidly becoming a tourist hotspot due to the islands majestic beauty, with this growth comes a rising demand for tourist accommodation. Real estate developments are thus fantastic opportunities for investors looking for high returns.
Applicants opting for the real estate option should invest at least USD 350,000. They must keep the real estate for at least three years following the grant of citizenship.
*Recent changes to the Real Estate option allow investors to make a minimum investment of just $220,000 USD in projects approved for such reduced investment thresholds
Due Diligence Fee
Applicants aged 18yrs+ $5,000
Applicants aged 16-18yrs $2,000
Applicants below 15yrs $0
Applicants aged 18yrs + $1,500
Applicants below 18yrs $500
$1,500 per person
For Real Estate Option you will need to also include $50,000 Government fees for a family up to 4 members and $25,000 per additional dependant after the 3rd dependant