Citizenship by Investment

Grenada

Grenada Citizenship by Investment Programme

Grenada operates the only Caribbean citizenship-by-investment programme whose passport opens the door to the United States E-2 Treaty Investor visa, making it the premier CBI choice for HNW clients who want a credible path to live and operate a business in the US without an EB-5 commitment. The programme is administered by the Investment Migration Agency (IMA) under the Citizenship by Investment Act No. 15 of 2013 and offers two principal routes: a non-refundable National Transformation Fund (NTF) donation from USD 235,000, or an investment of USD 270,000 (qualifying share) to USD 350,000 (full unit) in a government-approved real-estate project held for five years. The Grenadian passport delivers visa-free or visa-on-arrival access to roughly 147 destinations, including the full Schengen Area, the UK (six months, ETA), and uniquely among CBI passports a bilateral visa-free arrangement with China (30 days). Grenada announced in its December 2025 budget that it will repeal and replace the 2013 Act with new legislation in 2026 as the Eastern Caribbean jurisdictions move to a harmonised regional regulatory authority (ECCIRA).

Indicative — confirmed with admitted counsel before any filing

Investment routes

How you qualify.

Donation

USD 235,000

National Transformation Fund (NTF) non-refundable contribution. USD 235,000 covers a single applicant OR a family of up to four (main applicant plus three qualifying dependants). Each additional qualifying dependant beyond four: USD 25,000 (per the harmonised OECS / Caribbean MoA schedule). A parent or grandparent under 55 carries an additional USD 50,000; an additional unmarried, childless sibling of the main applicant or spouse carries USD 75,000. The NTF amount sits above the USD 200,000 OECS-wide floor agreed in the March 2024 Caribbean Memorandum of Agreement (in force 1 July 2024).

Real Estate

USD 270,000
hold 60 months

Investment in a government-approved real-estate project (approved projects are listed on the IMA site). USD 270,000 = minimum for a qualifying SHARE in an approved project (raised from USD 220,000 by SR&O 12 of 2024, in force 1 July 2024); USD 350,000 = minimum for a FULL freehold unit. Mandatory five-year holding period. A separate government fee of USD 50,000 applies to the real-estate route (covering applicant plus up to a family of four). Discounting, rebates and guaranteed buy-back arrangements are prohibited.

Enterprise

USD 1,500,000
hold 60 months

Approved-enterprise / business route, retained unchanged by the 2024 amendments: USD 1,500,000 from a single investor, OR USD 350,000 per investor in a qualifying joint venture with a total project value of at least USD 5,000,000. Rarely used relative to the NTF and real-estate routes.

What the passport grants

Global mobility.

~147 visa-free / visa-on-arrival destinations
Schengen
Visa-free to the full Schengen Area for up to 90 days in any 180-day period under the EU-Grenada short-stay visa-waiver agreement signed 28 May 2015 (ETIAS pre-authorisation will apply once live). Grenada's waiver remains in force.
United Kingdom
Visa-free for up to six months; an electronic travel authorisation (UK ETA) is required before travel.
United States
No visa-free tourist entry (not in the US Visa Waiver Programme). Crucially, Grenada is the only Caribbean CBI country with a US E-2 Treaty Investor agreement, so Grenadian citizens can apply for the renewable E-2 visa to live in and run a qualifying business in the United States (applicant, spouse and children under 21).
Canada
Visa required (no visa-free or eTA access for Grenadian citizens).

Approximately 147 visa-free, visa-on-arrival or eTA destinations. Includes a bilateral visa-free arrangement with China (up to 30 days, in force since 10 June 2015) -- a distinctive benefit. Grenada retains full Schengen access.

Eligibility & process

What's involved.

Family inclusion
Spouse; dependent children under 18, and children 18-30 who are full-time students or otherwise financially dependent; unmarried dependent children with disabilities; parents and grandparents of the main applicant or spouse (there is no hard minimum age, but a fee differential applies: those aged 55+ fall within the standard contribution while a parent or grandparent under 55 carries an additional USD 50,000 contribution); and unmarried, childless dependent siblings (aged 18+) of the main applicant or spouse, each at an additional USD 75,000. Grenada is one of the more generous CBI programmes for multi-generational family inclusion. Newborns and a future spouse can generally be added after grant.
Due diligence
Multi-layered mandatory due diligence run by the IMA with external risk-intelligence providers, strengthened since 2023 and under the March 2024 OECS Memorandum of Agreement. A compulsory interview applies to main applicants and selected dependants (interview fee USD 1,000 per person aged 17+). Government due-diligence fee USD 5,000 per applicant aged 17+ (children 0-16 generally exempt). Source-of-funds and source-of-wealth evidence required throughout. Applications must be filed through an IMA-licensed Local Agent.
Timeline
Approximately 4-6 months from a complete, compliant file to approval-in-principle, subject to due-diligence findings and interview scheduling. Passport issuance follows completion of the qualifying investment/contribution after approval.
Physical presence
No residence, no minimum stay and no language requirement; no visit to Grenada is required to apply or to maintain citizenship, which is for life and passes to future generations. A mandatory interview applies (main applicants and selected dependants aged 17+); it is conducted by the IMA and can be held virtually rather than requiring travel to Grenada. Biometric/fingerprint data (Form 2) is collected as part of the file.
Tax
Grenada levies no tax on worldwide income, no capital gains tax, no inheritance or estate tax and no wealth tax for individuals who are not tax-resident. Citizenship alone does not create Grenadian tax residency. Property transactions and approved-project investments carry local transfer/stamp duties. Clients must assess their home-country tax exposure with counsel; CBI does not by itself sever an existing tax residency.
Key provisions
  • Two principal routes: NTF donation from USD 235,000, or approved real estate from USD 270,000 (share) / USD 350,000 (full unit) held for 5 years.
  • Only Caribbean CBI passport with US E-2 Treaty Investor visa access.
  • Bilateral visa-free access to mainland China (30 days) since 10 June 2015 -- unique among CBI passports.
  • No residency, no physical presence, no interview-in-country, no language test; citizenship is for life and hereditary.
  • Real-estate government fee USD 50,000 (covers a family of up to four) in addition to the qualifying investment.
  • Mandatory due diligence and compulsory interview (introduced and strengthened 2023-2024); discounting and guaranteed buy-back prohibited (SR&O 12 of 2024).
  • NTF floor sits above the OECS-wide USD 200,000 minimum set by the March 2024 Caribbean Memorandum of Agreement.
  • Legislative transition: the 2013 Act is to be repealed and replaced by new legislation in 2026 under the regional ECCIRA harmonisation.
Documents you'll provide
  • IMA application forms (Form 1 Personal Information; Form 2 Fingerprints; Form 3 Particulars for the Office of Home Affairs; Form 4 Medical; Form 5 Employment Status / Wealth / Business; Form 6 Investment Confirmation)
  • Valid passport(s) for the main applicant and each dependant (certified copies)
  • Birth certificates for all applicants and dependants
  • Marriage certificate (and any divorce decrees) where applicable
  • Police clearance / certificate of no criminal record from country of citizenship and any country of residence (12+ months) for applicants aged 16+
  • Medical certificate including HIV test for each applicant
  • Proof of source of funds / source of wealth and supporting financial documentation
  • Bank reference letter and professional reference letters
  • Proof of residential address (e.g. utility bill)
  • Passport-style photographs
  • Evidence of the qualifying investment: NTF contribution confirmation, or signed purchase/sale agreement and proof of payment for an approved real-estate project
  • Documentary proof of dependency for parents, grandparents, siblings and adult children
Legal basis & source documents

The governing law — in our library.

Grenada Citizenship by Investment Act, No. 15 of 2013 (the principal Act), as amended (amendment Acts of 2014, 2015, 2017 and 2019); Grenada Citizenship by Investment Regulations, 2013 (S.R.O. No. 17 of 2013); and the Grenada Citizenship by Investment (Amendment) Regulations, 2024 (SR&O No. 12 of 2024, in force 1 July 2024 -- real-estate qualifying-share minimum raised to USD 270,000, anti-discounting / no-buy-back provisions, MoA fee schedule). In the 2026 Budget Statement (delivered 1 December 2025) the government set out its intention to repeal and replace the existing CBI legislation in 2026, in step with the planned Eastern Caribbean Citizenship by Investment Regulatory Authority (ECCIRA, expected to be seated in Grenada). · Administered by Investment Migration Agency (IMA), Grenada (the rebranded Citizenship by Investment Unit / CIU since 20 March 2024), Ministry of Finance.

Grenada Citizenship by Investment Act, No. 15 of 2013 (consolidated governing Act)
Law · held by AT20
Grenada Citizenship by Investment (Amendment) Act, No. 3 of 2019
Law · held by AT20
Grenada Citizenship by Investment Regulations, 2013 (S.R.O. No. 17 of 2013)
Regulation · held by AT20
Grenada Citizenship by Investment Committee Regulations, 2013 (S.R.O. No. 16 of 2013)
Regulation · held by AT20
Grenada Citizenship by Investment (Amendment) Regulations, 2024 (SR&O No. 12 of 2024) -- real-estate threshold to USD 270,000, fee schedule, anti-discounting / buy-back ban
Regulation · official source
Costs for Submitting and Running an Approved Project (SR&O 12 of 2024) -- approved-project fee schedule
Fee Schedule · held by AT20
Application Form 1 -- Personal Information
Form · held by AT20
Application Form 2 -- Fingerprints
Form · held by AT20
Application Form 3 -- Particulars for the Office of Home Affairs
Form · held by AT20
Application Form 4 -- Medical
Form · held by AT20
Application Form 5 -- Employment Status / Wealth / Business
Form · held by AT20
Application Form 6 -- Investment Confirmation
Form · held by AT20
IMA Becoming a Citizen -- official programme guidelines, fees & costs
Guideline · held by AT20

Documents marked “held by AT20” are mirrored on our own servers from the official source, so the reference is always available.

Official sources
Investment Migration Agency (IMA) Grenada -- official CBI authority siteIMA Grenada -- Becoming a CitizenIMA Grenada -- Legal and FinanceGrenada Citizenship by Investment Regulations, 2013 (S.R.O. 17 of 2013)Grenada Citizenship by Investment (Amendment) Regulations, 2024 (SR&O 12 of 2024)Laws of Grenada -- official legislation portal (gazette)UNCTAD Investment Policy Monitor -- Grenada real-estate CBI option amendmentChinese Embassy in Grenada -- China-Grenada mutual visa exemptionIMA Grenada -- Citizenship by Investment / Approved ProjectsLaws of Grenada -- official legislation portal, 2024 SR&O list

Take the Grenada route with certainty.

A private assessment maps this programme to your family, capital and timeline — and we coordinate the whole matter through admitted local counsel.

This briefing is general guidance, not legal, tax or immigration advice. Figures are indicative and verified to 2026; final positions, eligibility and timelines are confirmed in writing by licensed counsel on engagement. AT20 Capital coordinates the engagement and facilitates applications through admitted local counsel; it is not a law firm. Final eligibility, thresholds and timelines are confirmed in writing by licensed counsel before any commitment.