Citizenship by
Investment

Overview

The Citizenship by Investment Programme came into being in August 2013, when the Grenadian Parliament passed Act No. 15 of 2013, otherwise referred to as the ‘Grenada Citizenship by Investment Act, 2013.

An applicant for citizenship must fulfil the personal requirements established under the Grenada Citizenship by Investment Act, 2013. See Application Guide for more details.

Grenada allows individuals to hold dual citizenship, and citizenship may be extended to family members, such as a spouse, dependent children, and dependent parents.

Key Benefit

The right to Global Mobility.

Processing Time

Three – four months.

Investment

Minimum contribution of USD 150,000.

Route for Citizenship

IMA Grenada offers two routes of investment for citizenship. These are:

National Transformation Fund Contribution

The National Transformation Fund (NTF) is a Government fund responsible for financing projects that will benefit Grenada’s economy and help its diversification. Applicants who choose this route must make a one-time contribution to the NTF. It is important to note that applicants may not contribute to the NTF in person, but rather that they must use the services of an Authorised Local Agent.

Under the NTF route, applicants may either immediately apply for citizenship, or first apply for permanent residence and apply for citizenship at a later stage.

Please refer to your Authorised Local Agent for more information on the NTF route and the criteria that applicants must fulfil.

Real Estate Investment

The process of approving a project for the purposes of citizenship by investment begins with the Citizenship by Investment Committee, which reviews viable projects and recommends them to the Minister. The Minister then decides whether to approve the project, and publishes his or her approval in the Gazette.

Currently, the vast majority of approved project consists of real estate developments on the island of Grenada. These include luxury hotels, resorts, and villas. Applicants who choose to invest in an approved project must make the investment through an Authorised Local Agent.

Please refer to your Authorised Local Agent for more information on the approved projects route and the criteria that applicants must fulfil.

List of Approved Projects

Investment through the real estate option is only permitted for a select number of qualified, Government-approved projects. This list is likely to change as more projects are approved and new opportunities become available. Please check back to keep up to date.

Decertified Projects

The following projects have been decertified by the Government of Grenada.

  • Grenada Corolla Consultant
  • New Opportunity Investment Ltd (NOIL)
  • Grenada Sustainable Aquaculture
  • Hope Development Ltd – La Pointe G’da
  • West India Spice Co.
  • Horseshoe Cove Resort Development