Last years statistics revealed Grenada’s CBI program became only the third Caribbean Citizenship By Investment program in history to receive over 1000 applicants in a single calendar year smashing previous annual records. This had previously been achieved only by neighbouring islands of Dominica and St Kitts & Nevis and is a significant milestone for the country.
In 2023, Grenada’s Citizenship By Investment program is the only Caribbean Citizenship Program to accept Russian nationals. The pure demand for this program has led to a backlog of applications. However the Grenada CBI Unit has improved efficiency over the past few months and continues to accept and process new applications for Citizenship.
The National Transformation Fund (NTF) is a government established fund which finances government sponsored projects in Grenada. Such projects intend to benefit and diversify the Grenada economy, i.e., schools, hospitals, marinas, ports and more.
Those that make a donation into the fund are eligible to apply for Citizenship by Investment in Grenada. Contributions are non-refundable and amount to the following:
Single Applicant: $150,000 USD
Main applicant + Spouse: US$ 200,000
Additional dependent: US$ 25,000
Up to a Family of 4 (including the spouse): US $200,000
Each qualifying dependent in addition to a family of four: US$ 25,000
Investors seeking citizenship in Grenada also have the option of investing in Government-approved real estate projects. Eligible investment projects include hotels, villas, and resorts, as the tourism industry continues to grow and demand for tourist housing rises.
For applicants choosing this pathway, the minimum investment amount is USD 220,000 and the real estate must be held for at least five (5) years.
The associated taxes and costs are detailed in the following section.
At the start of the process the investor will be required to pay a deposit on their investment but not until receiving approval approval will the full investment need to be made. All applications are closely studied by the Grenada Citizenship by Investment Unit, with the right to grant, deny, or delay for cause.
Lincoln Global Partners works with all the developers in Grenada with eligible citizenship by investment properties. You can view our top selling properties below and more of our portfolio here.
Feel free to reach out to us for our full portfolio via the contact form at the bottom of this page.
National Transformation Fund Contribution:
Real Estate Investment Option:
Post-application through the citizenship by investment program
Grenada limits family members who can be added to an applicant’s citizenship application to a spouse and newborn children post- application. The main applicant can re-open their case and add their newborn child or spouse within 12 months of receiving their citizenship. The cost to add a new dependent during this period is $25,000 USD plus an additional $5,000 in the case of the spouse for her due diligence checks.
Any other dependents must be added before the applicant has obtained citizenship.
Via Grenadian Citizenship By Descent Law
Grenada is actually the only Caribbean country with a citizenship law that allows the passing down of citizenship to the 3rd generation and beyond.
Therefore, Subsequent to the 12 month period, new born children of citizens in Grenada are eligible for citizenship by descent. The cost of such an application is around $10,000 USD.
Beyond ensuring you have the adequate funds to invest in Grenada citizenship by investment program applicants must also meet qualifying requirements. The requirements are straightforward and are as follows.
The primary applicant must be:
Let’s define the process for you:
Lincoln Global Partners is an authorized marketing agent competent to handle your Grenada CBI application and submit it on your behalf to the CBIB. Filing Grenada CBI applications can only be done through a licensed agent.
As an authorized global marketer, we are permitted to promote the program and assist applicants through the process in correspondence with a local authorized agent. That’s someone on the ground in Grenada who has been granted a license by the Minister. Check step 1 off the list because we’ve got you covered and let’s move forward.
Complete the applications and gather supporting documents. This includes the medical examination and police clearance. All documents should be completed in English or translated by a certified translation and legalized.
In the case of real estate investment, applicants must present a sale and purchase agreement. Let’s backup a second — we will first help you find approved real estate if this is the option you seek.
We will advise you with the application process and certification of documents to make sure your application is presented in the best possible light to the CBIC.
Once the forms are completed, we will file them with the Executive of the CBIC via a Local Agent. The agent will liaise with the CBIC from this point onwards in regard to your application and its standing.
A due diligence and background check will be completed on applicant(s). In the meantime, the CBIC will assess the application and submit it to the Minister, whom again, has final say on the application status.
The Minister’s verdict is in! Upon successful approval of the application the CBIC issues a letter informing the applicant to proceed with their contribution or purchase of real estate. In this case the applicant must complete the purchase then show corresponding documents. Once proof of payment is received the CBIC issues a certification of registration and Grenadian citizenship is received. The authorized agent can apply for the passport on behalf of the citizen.
So, what is it actually like to live in Grenada?
Grenada is a stunning Caribbean island that offers numerous attractions for those in search of a peaceful and exotic getaway. Lush rainforests, pristine beaches, spectacular views, and a variety of fascinating wildlife are all part of what makes the island such a desirable destination. With its warm and tropical climate, temperatures on the island range from the low 70s in winter to the high 80s in summer, creating perfect conditions for visitors to enjoy all year round.
If you do decide to exercise the right to live in Grenada after obtaining residency, then you’ll enjoy a well-lived life. Grenada, like its Caribbean counterparts, is an exemplary culture of ease and friendliness in really all aspects of life. Lucky that a laid-back attitude did not negatively affect the timeline of your application. While Grenada offers a calm and simple lifestyle, full of sunshine and good vibes, there is still a high level of productivity. Grenada’s citizenship by investment established programme demonstrates just that.
Yes, it is possible to have dual citizenship in Grenada. The Citizenship by Investment Program of Grenada permits applicants to continue to keep their original citizenship when they submit their application to become a citizen of Grenada. Not only is this convenient for those who want to become citizens of Grenada, but it also allows them to benefit from multiple visa-free travel opportunities and other citizenship-related advantages.
No, the Grenada Citizenship By Investment Unit analyses each individual application on a case-by-case basis and applies strict due diligence checks. However, it does not apply any nationality restrictions. In fact, the Grenada Citizenship By Investment program is the only country that has not banned Russian nationals from applying for citizenship.
The Grenada Citizenship by Investment Program website promises that the entire process of obtaining a Grenada passport can often be finished in less than 90 days. In reality, though, it can take between 6 to 9 months due to the need for documents to be translated to English, notarised and apostilled. Assuming that there are no issues or doubts from Immigration, the process should be able to move along at a satisfactory pace.
Yes, it is possible to add a new spouse or newborn child within 12 months of receiving citizenship in Grenada. Alternatively, children of Grenadian nationals can apply for Citizenship by descent through the country’s citizenship law.
Citizenship in Grenada is permanent; investors may come and go without having to meet a minimum stay requirement in order to maintain it.