With its refreshing pineapples, pulpy coconuts, juicy mangoes, and sugary melons, Grenada is a veritable paradise for fruit lovers. Spice pick your way across this lush island and experience sensory delights. From earthy nutmeg to heady cocoa, you’ll find everything here. Idyllic and peaceful, the Spice Island Grenada beckons you.
The Grenada Citizenship by Investment program is an initiative by the government of Grenada aimed at attracting foreign investments to this island nation. Interested participants can apply to this program and acquire second citizenship in this beautiful country. Applications for commercial business establishments are welcome here.
- Applicants can apply for citizenship from their home country
- Applicants are eligible to apply for the E-2 treaty ‘Investor Visa’, which can be used to open and operate a business in the USA
- Visa-free flexible travel to 118 countries, including all European Union countries, the United Kingdom, China, Singapore, Ireland, Caribbean and Commonwealth Nations, Russia
- Tax-free inheritance, wealth, gift, and personal foreign income
- The ability to include a spouse, children under 30, unmarried siblings aged 18 or older, dependent parents above age 55, and grandparents of the main applicant and spouse
- Citizenship can be transferred to new spouses and future generations
- A minimum stay is not required
Grenada’s Citizenship by Investment Program was started in 2013, after the passing of the Grenada Citizenship by Investment Act, 2013. The program is designed to help interested applicants to receive: residency, citizenship and/or a secondary passport to the country of Grenada.
Minimum qualifications for applicants are:
- Persons above the age of 18
- Persons with sound mind and in good health
- Persons who are morally and ethically sound
- Persons with legal funds and large investment capabilities
The Government of Grenada is a pro-business government and invites foreign investors to invest in sustainable developmental initiatives. With its large coastline, pristine turquoise beaches, and large patches of real estate, Grenada is the perfect haven for budding and seasoned investors alike.
Investment opportunities in Grenada are:
- Real estate
The real estate market in Grenada is booming, thanks to the surge in the young population and the migration of rural residents to commercial centers.
The minimum investment is USD $350,000. And if you want to add your spouse, you should pay the same amount. The price is falling when it comes to fractional ownership — USD $220,000. Interested applicants in Grenada must make a minimum investment of USD $220,000 in a government-approved real estate project and maintain the property investment in Grenada for at least 5 years. This option requires an additional non-refundable contribution of USD 50,000.
Government fees (real estate option only):
Solo applicant – $50,000
Main applicant and spouse – $50,000
Main applicant, spouse, and up to 2 children – $50,000
Additional dependents – $25,000 each
Eligible siblings – $75,000 each
- Donation to the National Transformation Fund (NTF)
Investors are also eligible to make non-redeemable charitable donations to governmental organizations, at a minimum investment of USD 150,000 for single applicants.
Solo applicant – $150,000
Main applicant and spouse – $200,000
Main applicant, spouse, and up to 2 children – $200,000
Additional dependents – $25,000 each
Unmarried siblings – $75,000 each
All Grenada Economic Citizenship Program participants (Donation and Real estate) must pay the following fees:
Government application fees:
All applicants – $1,500 per person
Government due diligence fees:
Main applicant – $5,000
Spouse – $5,000
Children 18 t0 30 – $5,000 each
Children between 12-17 – $2,000 each
Dependent parents & grandparents – $5,000 each
Siblings – $5,000 each
Government processing fees:
Main applicant – $1,500
Spouse – $1,500
Minor children – $ 500 each
Children 18 to 30 – $1,500 each
Dependent parents & grandparents – $1,500 each
Siblings – $1,500 each
Passport fee – $250 per person
FAQs about Grenada & The Citizenship by Investment Programme
- Can my family also become Citizens?
Yes! Your spouse, parents, siblings, and children are also eligible to become Grenada citizens. Dependent parents are no longer required to be financially dependent on the main applicant in order to be eligible for citizenship, and only need to be 55 or older, which is younger than the age requirement for many other economic citizenship programs. Dependent parents younger than 55 may also apply if an additional donation or real estate investment of $50,000 is made. It is possible for siblings of the main applicant to become citizens, provided they are unmarried and have no children.
- Is it possible to sell my investment?
Yes! However, according to the law, investors under the Grenada Citizenship by Investment Program must hold investments for a period of at least 5 years before they can sell their investment.
- Why is Grenada’s passport unique?
Grenada’s passport is one of the few passports in the world that allows visa-free travel to the UK (180 days), to all EU countries (90 days), to Russia, and to Mainland China (30 days).
- How long does the whole process take?
We would estimate a processing time of 2-4 months for Grenada’s Government to make a decision on an application from the moment we submit it.
- What are the basic documents required for a Grenada passport?
Our clients receive a tailored and detailed checklist based on their individual situations. The following is a general overview of the documentation needed:
- All pages of the current passport;
- ID Card;
- Birth Certificate;
- Marriage Certificate;
- Passport-style Photos;
- Police Clearance(s);
- Diploma of highest education;
- Proof of Address;
- Medical Report;
- Affidavits of Support for the accompanying dependents;
- Reference Letters from a Bank and a Professional;
- Bank Statements;
- Source of Funds documents
- When do I pay the investment?
The real estate investment is paid in two stages. An initial deposit will be paid at the time of citizenship application. When the application is approved, the balance will become payable; the Government of Grenada will issue the passports shortly afterward.
Make Grenada your second home
GDP (per capita)
US$1.801 billion (2019)
GDP (purchasing power parity)
Eastern Caribbean Time Zone
ECD $ (East Caribbean dollar)
EU travel –Visa Free
- Most modern international airport and hub
- Most affordable option for families
- Favorable tax regime
The materials contained in this page are provided for general information purposes only and are not intended to provide legal or other professional advice. Processing times and costs will vary depending on a number of factors. CitizenMatch is not responsible for any changes to the time and cost estimates; we can provide specific information on an individual basis. All rights reserved.