Grenada citizenship and Passport by investments

Grenada’s economic citizenship programme is one of the most sustainable and well-regulated initiatives in the Caribbean. It offers foreign investors the chance to obtain a Grenadian passport by investing a certain amount of capital and passing a thorough due diligence process. The regulator maintains strict selection standards to uphold the country’s international reputation and ensure the process is predictable.

Financial thresholds and investment directions

Citizenship can be obtained through participation in the government’s investment programme, which offers two financial options. The first option requires a contribution of at least US$235,000 to a government fund responsible for socio-economic development. The second option involves purchasing real estate in a government-approved project with a minimum investment of US$270,000. Investors have the right to sell the asset after the five-year mandatory ownership period, enabling them to recover a significant portion of the initial investment. The programme features simplified formal requirements: applicants are not required to pass language tests, demonstrate cultural integration or visit the country at any stage of the application process. All procedures are conducted remotely, and interaction with government agencies is carried out through a licensed agent. Grenadian law permits an extended circle of family members to join the main investor’s application. A spouse, children of a wide age range, parents and senior citizens are eligible to obtain a passport. In certain cases, siblings may also be included, provided they meet the established dependency and age criteria. This approach makes the programme a tool not only for migration strategy, but also for the comprehensive protection of the interests of the entire family. Those considering obtaining Grenadian citizenship through the investment initiative can choose one of two statutory pathways: participation in a government fund or acquisition of real estate in approved projects. Each option has its own payment system, government fees and family composition requirements.

There is an option to participate in a state fund.

The first option involves making a one-time, non-refundable payment to the National Transformation Fund, which finances the state’s infrastructure and socio-economic initiatives. The minimum contribution for individual applicants and family applications of up to four participants is $235,000. Additional family members incur an extra charge: $50,000 for parents or senior citizens under 55, $75,000 for siblings, and $25,000 for parents over 55 or children from the fifth family member onwards. Due diligence is an additional fee applicable to all applicants over 17. The cost of this is $5,000 per participant. Additionally, mandatory government fees and administrative costs apply, typically starting at $4,500 and varying based on the scope of legal work and the number of participants.

Real estate investments

The second option involves purchasing a share in, or property from, a project approved by the Grenadian government. Investment amounts range from $270,000 for two investors participating jointly in a project worth at least $440,000, to $350,000 for individual purchases. The final cost of registering a share depends on the specifics of the project in question and the size of the investment. The administrative fee for this option is set at $50,000 for applicants with up to four family members. Additional fees apply for subsequent family members: $50,000 for parents or senior citizens under 55; $75,000 for siblings; and $25,000 for parents over 55, or for children of the fifth participant or older. The government fee for registering a share is typically around $11,000, but this may vary depending on the project. The cost of the due diligence check is set at $5,000 for each applicant aged 17 or over. Other fees and associated legal costs start at $4,500. Taken together, the programme’s financial requirements enable the application structure to be tailored to the investor’s family needs, and the optimal participation mechanism to be selected based on long-term goals and preferences.

Requirements for applicants and eligibility criteria

Applicants must confirm that they are over 18 years of age, have no criminal record or history of criminal offences, and can provide documentation proving the legal origin of their capital. The final decision depends largely on the results of a multi-layered due diligence review covering financial, reputational and biographical information. Applicants must also demonstrate that they do not have any illnesses that pose a threat to public health.

Submission procedure and associated costs

The application document set is compiled and submitted to government agencies exclusively through a licensed agent authorised to handle the process. In addition to the investment contribution or property price, applicants are responsible for mandatory government fees, legal due diligence fees and due diligence costs. The entire process, including compliance checks, takes approximately eight months; the most time-consuming stage is the data analysis as part of the due diligence process, which usually takes three to six months.

The legal and migration benefits of the status

A Grenadian passport allows visa-free or simplified travel to many countries, including the United Kingdom, the Schengen Area and China. Another benefit is the ability to apply for a US E-2 non-immigrant visa thanks to a bilateral agreement. The programme allows family members to be included, such as spouses, children under 30, parents, and elderly relatives, making it a suitable solution for family planning and the cross-border protection of interests.

Visa-free countries for Grenada passport holders (as of November 2025)

Grenada citizenship offers investors a range of benefits that make this programme one of the most sought-after in the Caribbean. One key factor is its extensive international mobility: the passport offers simplified entry to many jurisdictions, including the UK, the Schengen Area, Singapore and Hong Kong, as well as visa-free entry to China. This level of travel freedom provides flexibility for business and personal travel alike. For those considering the US for business or temporary residence, Grenada citizenship provides access to the E-2 non-immigrant visa. This category enables investors to manage a commercial project in the US and reside in the country for the duration of the visa. For tourism purposes, a long-term B-1/B-2 visa is available, which is issued for a ten-year period and allows stays in the US of up to six months each year.

Real estate investments are also repayable: properties on the approved list can generate rental income, enabling investors to offset some of their costs during the ownership period. After five years, the law allows for the sale of property, providing a mechanism for capital return and the opportunity to optimise an investment strategy. In terms of tax planning, Grenada’s citizenship status creates favourable conditions for international investors. The country’s tax regime exempts income earned outside Grenada from taxation and also waives inheritance, capital gains and certain types of passive income tax. This helps to build a long-term financial structure with minimal fiscal risk.

An additional benefit is the ability to use citizenship as a backup option in the event of a change in circumstances in one’s country of primary residence. The new passport grants the right to reside freely in Grenada, organise extended trips, change the jurisdiction of residence or simply access this safe and stable island nation as an alternative.

7 Steps to Obtaining Grenada Citizenship by Investment

1. General characteristics of the programme

Grenada’s economic citizenship programme provides citizenship of the island nation to foreign investors who meet clearly defined financial and legal conditions. It is based on a state-regulated mechanism that allows for the integration of investment strategy and migration planning. The programme is characterised by significant legal transparency and oversight by competent authorities.

2. Investment paths and requirements

Applicants have the right to choose one of two main participation options:

• Participation in the National Transformation Fund: a one-time, non-refundable contribution to a special fund supporting projects in tourism, renewable energy and agriculture is required. The minimum contribution is set at $235,000 for a single applicant or a family of up to four people. These amounts are adjusted depending on family composition and the inclusion of additional persons.
• The second option involves investing in a government-approved real estate project. The minimum investment threshold starts at $270,000 for joint investment projects involving two or more parties. In other cases, the threshold may be $350,000. The acquired property must be held for at least five years before it can be sold.

3. Formal requirements and registration procedure

Applicants must be aged 18 or over, have no criminal record or convictions for any offence, and have a legally proven source of funds. Applications must be submitted exclusively through a licensed agent to ensure compliance with procedures and protect the investor’s interests. The process includes a due diligence check covering all applicants aged 17 and over, and it can be time-consuming.

Additional costs include administrative, due diligence and document processing fees. When participating through a foundation, the contribution is combined with additional payments for family members, including parents and siblings. When investing in real estate, registration fees and additional payments apply, depending on the property and family composition.

4. Timing and return on investment

Obtaining Grenadian citizenship typically takes approximately eight months, with the due diligence required to complete the process taking between three and six months. The real estate option allows the investor to dispose of the asset after five years, providing an opportunity to obtain a return on capital and implement an exit strategy.

5. Benefits of citizenship for investors

Obtaining Grenada citizenship offers investors a number of strategic advantages. Firstly, there is enhanced freedom of travel: the passport allows visa-free or visa-on-arrival entry to many countries, including the UK and those in the Schengen Area. Secondly, investors have access to a non-immigrant E-2 visa for the US, which allows them to conduct business and reside in the US. Thirdly, there is a favourable tax regime: citizens are not required to pay Grenadian taxes on income earned outside the country and are exempt from capital gains, inheritance and stamp duty taxes. Finally, citizenship provides a strategic ‘Plan B’: it offers a backup jurisdiction and the ability to reside freely on the island, as well as long-term protection for the entire family.

6. Family members can participate and receive legal protection

The programme allows applicants to include family members in their application, including spouses, children under a certain age, parents and grandparents. This significantly enhances the value of citizenship as a tool for global planning. The legal framework ensures that applicants’ rights are protected and that the application process is transparent.

7. Practical recommendations

Investors are advised to conduct a comprehensive assessment of their goals beforehand, whether these be strategic relocation, tax planning, asset protection or freedom of movement. They should select an experienced, licensed agent to handle their application, prepare documents regarding the source of funds, consider the timeframe and process, and determine an exit strategy in advance — especially if they choose the real estate option. It is also important to consider that legislation is subject to change, and the ability to respond promptly to changes is integral to the successful implementation of the project.

Grenada’s Passport by Investment Programme Statistics

According to official statistics from the Grenada Investment Management Agency (IMA), the citizenship by investment programme is demonstrating steady growth and has one of the highest approval rates in the region. Based on consolidated statistics from the programme’s launch to mid-2024, the minimum number of passports issued can be reliably determined.

Between 2014 and 2022, Grenada issued 6,479 passports under its investment programme. This is the only official cumulative figure published by the regulator. Subsequently, data was published quarterly, broken down by the number of applications processed and approved, but not the number of passports issued. Nevertheless, these reports enable one to assess the dynamics.

Grenada achieved record results in 2024, granting 1,827 new citizenships in the third quarter alone and bringing the total for the year to 4,861. Taking the first and second quarters into account, it can be assumed that the contribution in 2024 was the largest in the programme’s history.

Thus, based on official statistics, the following can be stated:

• The minimum number of Grenadian passports issued through investment is 6,479 (until 2023).
• With 4,861 citizenships issued in 2024, the total number of passports issued reaches 11,340.

Statistics for Grenada’s citizenship-by-investment programme demonstrate a steady increase in demand from foreign applicants and a consistent expansion of the investor base. In recent years, Grenada has issued several thousand passports annually under the investment programme, and the number of citizenships granted continues to increase. In just one quarter of 2024, more than 1,500 new passports were issued, bringing the annual total to almost 5,000. By comparison, just a few years ago, the annual applicant number did not exceed several hundred, highlighting the programme’s rapid growth and international appeal.

The investor demographics have also undergone significant changes. While applications now come from several dozen countries, two major markets — Asia and Africa — remain the most prominent. A significant proportion of applicants are Chinese citizens seeking global mobility, expanded family opportunities and the chance to participate in international projects. Recently, a comparable share has been represented by applicants from Nigeria, driven by growing demand for alternative citizenship and capital protection. In addition to these key markets, the programme attracts investors from the Middle East, Europe, North America and the Caribbean. The programme’s geographic expansion is driven by its flexible requirements, the absence of language and educational prerequisites, the option to apply remotely, and Grenada’s favourable tax regime.

Data shows that Grenadian citizenship is in high demand among investors seeking international mobility, status diversification, and long-term family protection. The growing number of passports issued and the increasing number of participating countries confirm the programme’s stability and its position as one of the most effective and attractive in the Caribbean.

Results for the first quarter of 2025 show that Grenada’s citizenship by investment programme continues to grow faster than expected. The government body overseeing the initiative noted a significant increase in the number of applications submitted and approved. This trend indicates the ongoing high level of international confidence in the country’s investment mechanism, confirming the programme’s resilience amid global competition from other Caribbean jurisdictions. Applications in the first quarter significantly exceeded the previous year’s figures. Investor inflows remain stable, driven by a combination of moderate entry thresholds, an expanded family participation scheme and the benefits of global mobility and tax optimisation. Growth in real estate investment applications is particularly noteworthy as this option provides applicants with the opportunity to generate income through rental programmes as well as citizenship.

The geographical spread of applicants has increased: in the first quarter of 2025, individuals from several dozen countries submitted documents to the programme. Investors from Africa and Asia are the most active. A significant proportion of applications came from Nigeria and China, the two most dynamic markets that underpin demand. This confirms that Grenada remains an attractive destination for entrepreneurs in countries where alternative citizenship is seen as a tool for international positioning and asset protection.

Notably, a significant proportion of applications were submitted by multi-generational families. Grenada’s programme stands out due to its ability to include parents, grandparents and siblings, provided they meet the established requirements. This makes it a valuable option for investors seeking a long-term solution for their entire family. Financial performance for the first quarter also exceeded forecasts. The total amount of funds received through the National Transformation Fund and real estate investments has increased, which will facilitate the further development of the country’s tourism and infrastructure sectors. This positively impacts Grenada’s macroeconomic indicators and confirms the sustainability of its investment model.

Taken together, the results of the first quarter of 2025 demonstrate the maturity and international competitiveness of Grenada’s citizenship programme. The growing number of applications, the expansion of investor geography, stable financial revenues and attention from family applicants all indicate that the programme continues to strengthen its position as one of the most reliable ways to obtain second citizenship in the Caribbean.

The cost of legal support for obtaining Grenada citizenship by investment through Regulated United Europe starts at €4,500. This includes comprehensive consultancy services, preparation of documentation, coordination with a licensed agent in Grenada, preliminary due diligence of the information provided, analysis of the origin of funds, and monitoring of compliance with programme requirements at all stages of the application process.

Regulated United Europe lawyers will structure the investment option, verify applicants’ eligibility for the programme, prepare a comprehensive due diligence package and support clients through passport collection. The cost may vary depending on family composition, the number of applicants, the chosen investment route and the required legal work. This approach enables applicants to minimise risks, expedite the review process and ensure that all materials comply with the requirements of the Grenada Investment Authority.