Citizenship by
Investment
Overview
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