Grenada citizenship
by investment
$150,000+ Fund contribution
$220,000+ Real estate purchase
6—9 months Obtaining period
License № GCBI MA 55
Investment threshold will rise to $200,000
The change is set to be implemented by June 30th, 2024. Therefore, you still have time to apply for citizenship without overpaying at least $50,000.
The Grenada Citizenship by Investment (CBI) Programme was launched in 2013. It is one of the most popular citizenship programmes, with streamlined processes and compliance with the time frames for all procedures.
The Grenada passport allows visiting China without a visa for 30 days a year. In total, 148 countries are available to a Grenada citizen for visa-free entry.
Grenada citizens can get a US Entrepreneur Visa — E‑2. There is no minimum amount of business investment for this type of visa. At the same time, the investor can freely enter and leave the USA and live there with their family.
CBI programme participants choose one of the two options: contribute money to a government fund or invest in a real estate project. The contribution starts at $150,000, and the real estate investment starts at $220,000. The real estate must be owned for the first 5 years of citizenship, during which it is possible to get a rental yield of about 4% per annum.
Investors’ family members can also get Grenada passports.
The process takes 6 to 9 months and is remote and confidential.
11 main benefits of the Grenada programme
1
Low investment threshold
Wealthy people can invest at least $150,000 and get Grenada passports.
2
Fast processing time
The whole process of becoming a Grenada citizen takes at least 6 months.
3
Visa-free entry to 148 countries
Without visas, Grenada citizens can travel to 148 countries, including the EU, the UK, Hong Kong, and China.
4
Tourist and business visas to the USA
Citizens of Grenada can secure a B-1/B-2 tourist visa valid for 10 years, permitting travel to the US for business meetings, medical treatment, and tourism, with a maximum stay of 180 days annually.
Those who obtained Grenada passports by investment can also apply for an E-2 business visa after residing in Grenada for three years. This visa allows investors and their families unrestricted entry to live, work, study, and conduct business in the US.
5
Dual citizenship
Grenada permits dual citizenship, allowing individuals who acquire the country’s passport to retain their original citizenship.
6
Preferential education
The investor’s children can be educated in the UK on preferential terms.
7
European bank accounts
The Grenada passport makes it easier to open an account with European banks to take out loans, deposit money, and carry out simple currency transactions.
8
Tax optimisation
Grenada taxation may benefit residents as income and capital received from outside the country are not taxed. There are no taxes on wealth, inheritance, or capital gains.
Tax rates in Grenada are as follows:
- 10 or 28% — on the personal income earned in Grenada;
- 28% — on the income of companies earned within the country;
- 5 to 15% — on property transfer;
- up to 0.5% — on real estate.
9
Investment return
The Grenada citizenship program allows investors to purchase shares in tourism infrastructure projects. During ownership, properties can be rented out, yielding an income of 2 to 5% per annum. After 5 years, the property can be sold at a profit.
10
Convenient service
The process is remote and confidential, conducted through a licensed program agent such as Immigrant Invest.
11
Citizenship for the entire family
The investor’s close family members, such as spouses, children, and parents, can also obtain citizenship.
In addition, the Grenada passport can be inherited.
Practical guide to Grenada citizenship
- Step-by-step procedure
- Requirements for applicants
- Necessary documents
- Answers to frequently asked questions
PDF, 36 pages, 12 MB
Who gets Grenada citizenship
Investor
- Over 18 years old
- Without criminal records
- Without visa refusals
- Without citizenship refusals
- Has passed Due Diligence
Spouse
Children under 30
- Financially dependent on the investor
Parents of the spouses
- No age limit
- Financially dependent
Siblings of the spouses
- Over 18 years old
- Unmarried and with no children of their own
- Financially dependent
Investment options and requirements for obtaining Grenada citizenship
1st option
Non-refundable contribution
$150,000+
A non-refundable contribution to the National Transformation Fund. Grenada uses the fund money to support healthcare, education and agriculture.
In addition to investing, a programme participant also pays for Due Diligence and preparation of documents, as well as state fees. The total expenses depend on the number and age of family members.
Investments in the Grenada state fund, including fees
| Contribution to the National Transformation Fund |
$150,000 — for an investor
$200,000 — for a family of 2 to 4 people $25,000 — extra payment per applicant starting with the fifth family member, excluding: |
| Due Diligence | $5,000 — per applicant over 16 |
| Application fee | $1,500 — per applicant |
| Processing fee | $1,500 — per applicant over 18
$500 — per child under 18 |
| Interview | $1,000 — per application |
2nd option
Purchase of government‑approved real estate
$220,000+
The investor can choose a property from a government-approved list, which includes hotels and condominiums. Grenada offers to buy a share in a project, a villa or an apartment. Share participation requires the lowest investment sum of $220,000. After 5 years, the property can be sold and the investment returned.
The investor can earn income by renting out the property. If the investor participates in the project, they get half the income. A management company deals with organisational and technical matters. If the investor has bought an apartment or cottage, they can live in it themselves or rent it out. According to Global Property Guide, renting out tourist properties in Grenada generates between 2 and 5% yearly yield.
The holiday season lasts all year round, so property demand always exists, and rental prices do not fluctuate.
Investments in Grenada real estate, including fees
| Investment amount | $220,000 — regardless of the number of applicants, for a minimum of 5-year ownership |
| State fee | $50,000 — for a family of up to 4 people
$25,000 — per applicant from the fifth family member, excluding: |
| Due Diligence | $5,000 — per applicant over 16 |
| Application fee |
$1,500 — per applicant |
| Processing fee | $1,500 — per applicant over 18
$500 — per child under 18 |
| Interview | $1,000 — per application |
Expenses on obtaining citizenship for a family of 4 people
Individual cost
calculation for Grenada
citizenship
Get an individual calculation for your family with all
associated costs and government fees
We will send you the calculation by email within an hour
6 steps to obtaining Grenada citizenship by investment
Choosing a licensed agent
Choosing a licensed agent
Only a law company, which is a licensed programme agent, may apply for Grenada economic citizenship on the investor’s behalf.
Immigrant Invest, which has its own Compliance Department, confidentially checks the applicant against international legal and business information databases.
Preliminary Due Diligence
Preliminary Due Diligence
Due Diligence is a key part of the CBI programme. It determines whether Grenada will approve the investor’s application for citizenship.
A certified Compliance Anti Money Laundering Officer reviews investors’ documents and warns them of potential risks.
If any issues arise during the review process that may cause the investor’s application to be rejected, the licensed agent will offer other citizenship by investment programmes.
Entering into an agreement
Entering into an agreement
If the preliminary Due Diligence check is successful, the investor enters into a cooperation agreement with a company, a Grenada licensed programme agent.
Document preparation
Document preparation
Immigrant Invest, a licensed programme agent, collects citizenship application documents, translates and apostilles them, fills out government forms, and prepares an affidavit, if necessary.
Due Diligence by the Grenada CBI Unit
Due Diligence by the Grenada CBI Unit
The process begins when the citizenship application documents are submitted and takes 3–6 months. Due Diligence takes place remotely, and the investor’s presence is not required.
Receiving citizenship documents
Receiving citizenship documents
The Grenada passport and naturalisation certificate can be collected from a licensed agent’s office or delivered by courier to a convenient address.
Frequently asked questions
What are the main benefits of the Grenada Citizenship by Investment Programme?
The key programme benefit is the freedom to travel to 148 countries, including visa-free visits to China and the Schengen states.
Investors also appreciate the programme for:
- Low cost, as a Grenada passport can be obtained by investing $ 150,000 in the country’s economy.
- Quick processing as the passport issuance procedure takes 6 to 9 months.
- Convenient service as the procedure is remote and confidential. All processing is done through a licensed agent of the Grenada CBI program.
What are the advantages of Grenada citizenship for the investor?
An investor with a Grenada passport can:
- Travel freely to 148 countries. The visa-free destinations include the EU, UK, China, and Hong Kong.
- Get a US business visa of the E-2 type. The visa allows the investor and their family to live, do business, study, and work in the USA without restrictions on entry.
- Get a B-1/B-2 visitor visa to the USA for 10 years.
- Visit China without a visa as Grenada has a visa-waiver agreement with the country. The period of stay in China is up to 30 days a year.
- Educate children in the UK on preferential terms.
- Open accounts with European banks to take out loans, keep money on deposits and carry out simple currency transactions.
- Change the tax residency. Paying taxes in Grenada might be beneficial as income and capital gained outside the country are not taxed. There are no taxes on wealth, inheritance or capital gains.
- Receive passive income from the rental of real estate, which the investor bought under the citizenship programme. The tourist infrastructure that Grenada offers to investors shows good liquidity on the market. Rental yield is 2 to 5% per year. After 5 years, the property can be sold at a profit.
What are the requirements for investors who want to participate in the Grenada Citizenship by Investment Programme?
The CBI programme conditions require the main applicant to be over 18 years old and have no sanctions and criminal records. The investor must not have been rejected under other citizenship programmes or in getting visas. Applicants also pass Due Diligence and prove that their income is legal.
Who can obtain Grenadian citizenship with an investor?
Together with the main applicant, the second Grenada citizenship may be granted to their spouse, children up to 30 years old, parents, grandparents, and siblings over 18 years of age. Siblings must have no children and be unmarried.
What are investment options available under the Grenada Citizenship by Investment Programme?
Investors choose between two options:
- A contribution to the National Transformation Fund of at least $ 150,000.
- Investments in real estate from a list of government-approved projects. The minimum property price is $ 220,000. The minimum ownership period is 5 years.
What are additional expenses under the Grenada Citizenship by Investment Programme?
Besides the investment, the applicant pays fees for document preparation, application processing and Due Diligence. The total cost depends on the number and age of the family members.
Can the investor return the invested money?
Yes, the investor can return the money if they get Grenada real estate citizenship and buy a property — after 5 years, they can sell it. Over the ownership period, they can rent it out and earn a passive income of 2 to 5% a year.
What is the procedure for obtaining Grenada citizenship by investment?
The procedure of obtaining Grenada economic citizenship consists of 5 main steps:
- Choose a licensed agent who will perform a preliminary Due Diligence check. Under Grenada law, only legal companies, licensed agents, such as Immigrant Invest, can apply for citizenship. Our company has its own Compliance Department that confidentially checks the applicant against international legal and business information databases. They study all documents and warn of potential risks.
- Entering into an agreement. When the preliminary check is successful, the investor signs a contract with Immigrant Invest.
- Preparation of documents. Our lawyers collect documents for citizenship applications, translate and apostille them, and complete government forms.
- Due Diligence check by the Grenada CBI Unit lasts for 3 to 6 months. It takes place remotely; the investor’s presence is not required.
- Receiving citizenship documents. All documents can be picked up at our office or delivered by courier to the desired address.
How fast can I get Grenada citizenship?
The process of obtaining Grenada investment citizenship takes 6 to 9 months.
Can an investor be deprived of citizenship?
Yes, an investor can be stripped of Grenada real estate citizenship in case of:
- Fraud — if the investor has concealed or provided false information about themselves.
- Offence — if the investor:
— has been convicted within 5 years of naturalisation and got a sentence of imprisonment of 12 months or more;
— has fought against Grenada in alliance with another state;
— has committed a state crime.
3. Sale of real estate acquired under the CBI programme in less than 5 years.
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