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.

Due Diligence Fees

• Single Applicant: $5,000
• Spouse: $5,000
• Dependents aged 16+: $5,000 per person
• Dependents aged 0-16: Not applicable

Application Fees

• Main Applicant: $1,500 USD 
• Spouse: $1,500 USD 
• Dependents aged 16+: $1,500 USD per person
• Dependents under 16: Not applicable

Processing Fees

• Main Applicant: $1,500 USD 
• Spouse: $1,500 USD 
• Dependents aged 17+: $1,500 USD per person
• Dependents under 17: $500 USD per person

Government Fee

National Transformation Fund Contribution:

• Not applicable

Real Estate Investment Option: 

• Single Applicant $50,000 USD
• Main applicant with Spouse: $50,000 USD
• Family of up to 4: $50,000 USD
• Family of more than 4 members: USD 50,000 and USD 25,000 per additional dependent after the third dependent

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:

• 18 years or older
• In good health and free of transmittable diseases
• Possess adequate funds from a legal source for investment
• Clean criminal background
• Not falsify any information on the application
• Never have been rejected a visa to any country that Grenada has visa-free access with

Let’s define the process for you: 

1. Consult with Lincoln Global Partners

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. 

2. Gather necessary documents

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. 

3. Submit application to 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.  

4. Due Diligence and application assessment

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. 

5. Finalize Investment and secure Grenadian citizenship 

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.