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HomeGrenada Citizenship By Investment Program Guide - Lincoln Global Partners

Grenada Citizenship By Investment Guide

Are you looking to acquire a second passport in a timely manner? Look no further than Grenada. The Spice Isle in the Caribbean has one of the most attractive and affordable citizenship by investment programmes worldwide. Through a minimum investment of a $150,000 contribution to the National Transformation Fund or a $220,000 approved real estate investment you can obtain Grenada citizenship in less than 6 months.

The Grenada citizenship by investment (CBI) programme grants qualified investors visa free access to 147 countries, including the U.K. E.U. Schengen areas, Russia, China and Singapore. Plus, the ability to apply for a U.S. E2 visa. Live a visa free, hassle-free global life with Grenada citizenship. This guide will explain how to acquire citizenship by investment in Grenada. Map out the process of citizenship by investment in Grenada and highlight the benefits of being a Grenada dual citizen.

Regardless of whether this strikes you as a perfect second-home destination, citizenship by investment in Grenada is on the table as residency is optional. One of the many alluring factors of the Grenada CBI programme.

Grenada Citizenship By Investment Program Program History

The Grenada Citizenship by Investment Act. No. 15 came into play 9 years ago. Back in 2013 it was introduced into Grenada Law. Since, the Grenada Citizenship by Investment Unit has enabled persons register for and acquire permanent residence and Grenada citizenship following investment in Grenada for incidental and connected purposes.

The Grenadian government implemented the CBI programme to amplify investment opportunities, draw in high net worth investors and enhance the nation's economic states. Grenada fosters significant business, sustainable job opportunities and environmental security. The country is home to several top-notch educational institutions, including St. George's University, one of the top medical schools.
Grenada Citizenship By Investment

Grenada Citizenship By Investment in 2023

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.

Source: imidaily.com

Grenada Citizenship By Investment: Investment Options

There are two ways different pathways to citizenship in Grenada via The Economic Citizenship Program.

Grenada Citizenship By Donation

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

Grenada Citizenship By Investment Real Estate

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.

Grenada Citizenship By Investment Real Estate

True Blue Hideaway

This Grenada Citizenship By Investment Real Estate project is fully complete and operational. Investors can purchase freehold studio units from $350,000 USD with a guaranteed buyback and returns of 3%.

Grenada Citizenship By Investment Real Estate

The Intercontinental Hotel

The InterContinental Grenada Resort is set to launch in 2025 and will invite guests to experience its 150 luxurious rooms. Along with more than 30 private suites, the resort will offer a selection of restaurants, bars, spas, a fitness center, and a pool with a bar and grill. The resort will also provide a 6,000 square foot space dedicated to meetings and business events, complete with its own business center.
Freehold Ownership, Guaranteed Buyback and up to 5% Returns per annum

True Blue Beach Residences

True Blue Residences: Grenada's exclusive waterfront haven offers freehold studio investments from $220k with a lucrative 5%+ return. Enjoy flexible ownership, a 5-year buyback option, and unparalleled luxury living.

Citizenship in Grenada: The Benefits

The citizenship by investment programme in Grenada is exceptional with its minimal processing times, easily and straightforward requirements and stable track history.

One of the biggest benefits of Grenada’s citizenship by investment programme is that stepping foot in the country is not even necessary. The entire process doesn’t require any physical presence. Applicants work through an agent through the entire citizenship application process. Once the application is approved applicants can pledge allegiance to Grenada from an embassy or High Commission abroad as the final step to secure citizenship. The Grenadian Passport can then be processed and picked up or even mailed.
Here is the most extensive and up-to-date list of Embassy locations for the final step.

Besides the significant ease of Grenada CBI programme — an additional passport is never a bad thing! Seriously though, Grenada citizenship comes with stellar benefits.

Full Residency Rights throughout CARICOM

Naturalised citizens of Grenada acquire the rights to live, work and study in Grenada. New citizens can enjoy a 90% reduction in the tuition fees at the world class St. Georges University. On top of that as Citizens of the CARICOM member country, you will also gain the right to legally reside in any other CARICOM member nation. You can see the full list of CARICOM members here.

Enhanced Global Mobility

The aspect of enhanced global mobility with dual citizenship is an undeniable perk. Citizenship in Grenada provides visa free travel to 147 countries with your newfound Grenadian passport. This includes fellow commonwealth countries and the U.K. as well as the European Union. Add to that business hubs like Singapore, Hong Kong and the People’s Republic of China. You read that right, Grenada is one of very few countries which doesn’t require a visa to enter China. 

Find a complete list of visa-free countries for Grenada citizens here

Grenadian Citizens can also benefit from long stay visas in the USA and Canada. For example as a citizen of Grenada you can apply for 10-year multiple entry access B1 Tourist Visas and B2 business visas at any US consulate.

Taxation and Business Incentives

There are no taxes on capital gains, gifts, inheritances, or foreign income in Grenada. The return of earnings and imported capital is not subject to any restrictions. Several generous incentive programmes are available, including business tax incentives, complete import duty exemption, tax relief advantages and export allowances. Grenada’s currency is the East Caribbean dollar (XCD) which is linked to the US dollar. Last but not least, there’s duty-free shopping.

In addition, Grenada offers a wealth of investment opportunities thanks to its solid political system, robust tourism sector, and vibrant business environment.

The Perfect Place to Escape

If you do decide to exercise the right to live in Grenada after obtaining residency, then you’ll enjoy a well-rounded life. Grenada, an idyllic Caribbean island is an exemplar culture of ease and friendliness in really all aspects of life. While Grenada offers a calm and simple lifestyle, full of sunshine and good vibes, there is still a high level of productivity. The efficiency of Grenada's citizenship by investment programme demonstrates just that.

Citizenship Can Be Passed Down to Future Generations

A little known fact, Grenada is the only Caribbean Citizenship by Investment program which automatically allows citizenship to passed down to the third generation and beyond. Therefore, investors can secure their families 'Grenadian' legacy and pass down their citizenship their future descendants.
E2 Visa Grenada Citizenship
Citizenship in Grenada as a pathway to US Residency

E2 Visa For Grenada Citizens

Grenada has an E2 Visa agreement with the U.S. which allows Grenadians to apply for the U.S. E2 visa. Grenada is the only Caribbean nation whose citizens are eligible to apply for the U.S. E2 visa — a big perk of picking Grenada as your investment destination.

What is the US E2 Visa?

The United States E-2 investor visa program is one of the most sought-after avenues for relocating to the country. If you are a citizen of a country that has a valid E-2 treaty with the US, you may be eligible to apply for the investor visa. The visa allows you and your family members to legally reside and work in the US, provided that you make a substantial investment in the country’s economy and satisfy the criteria set by the program. At the moment, 81 countries have an E-2 treaty with the United States.

Grenada Citizenship E2 Visa Pathway - How does it work?

In order to acquire an E-2 Visa, investors must meet certain criteria. These include investing in an active business in the United States, being a majority shareholder in the business, and having the ability to generate a sufficient amount of revenue for the investor and his/her family to sustain themselves in the United States.

Grenada citizens interested in entering the US via an E-2 visa must meet the following criteria to be considered for the visa:

  • The investors must direct their investment in an active business operating in the USA, and they must own at least a 50% stake in the business.
  • Additionally, the business must be profitable and must generate adequate revenue for the investor and his/her family to uphold a comfortable lifestyle in the USA.

E2 Visa Benefits

The E-2 Investor Visa is a great option for foreign nationals who want to set up or invest in a business in the United States. It is quickly processed, allowing you to gain access to the United States within 2-3 weeks. Your family members are also eligible to join you in the US and you have the freedom to enter and leave the country as you wish. Although the E-2 Business Visa does not lead to a Green Card, you can extend it for an indefinite period of time as long as your business is making a steady return and is in development. Finally, if the visa holder so wishes, they can apply for the EB-5 Immigrant Visa at any time.

Other key benefits:

  • E-2 visa holders are not liable to taxes on their global income, with the stipulation that they remain in the US for no more than 120 days annually.
  • The partner of an E-2 visa holder has the capacity to find work in the US by acquiring Employment Authorization from the government.
  • Public schools in the US are free for dependent children of E-2 visa holders up to the age of 21, and no tuition fees are required from them. Lastly, E-2 visa holders can enter and exit the US with ease.

E2 Visa Requirements

  • Once the applicant complies with all the rules and regulations, the card gets reissued every five years without the need to apply for permanent residency.
  • To be eligible for this visa, the individual must have sufficient funds to invest in a US business, have a business plan and should have the potential to create a minimum of five jobs in the US.
  • Applicants must also prove that they are financially secure and capable of supporting their family members in the US for at least one year.
  • Although this visa is available to all citizens, certain countries such as Grenada that have a bilateral investment program and an E-2 treaty agreement with the US, can benefit even further from this visa.

Citizenship By Investment in Grenada Cost

The golden question every investor seeking global citizenship wants to know is how much does CBI Grenada cost? The answer varies depending on investment route and whether the citizenship application is for a single applicant or family and the family size.

As mentioned above there are two types of citizenship by investment pathways offered in Grenada — contribution to the National Transformation Fund or real estate investment. Let’s break down the cost and fees associated with each citizenship by investment route.

Grenada Citizenship By Investment Program Fees

Below are the list of additional fees that one must pay during the citizenship by investment application process:
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

Future Dependents

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.

Grenada Citizenship By Investment Requirements

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

The ‘Grenada Citizenship by Investment Committee’ Process

The Grenada citizenship by investment program has a dedicated Citizenship by Investment Committee (CBIC). This body is dedicated to overseeing the processing of citizenship by investment applications. Once the CBIC assess your application and ensures it abides by the Citizenship by Investment Act, 2013 they submit it to the Minister for final approval. The Minister has the ultimate say on whether to approve, deny or even delay applications.
Citizenship By Investment in Grenada

How to get a how to get Grenada Citizenship in 5 steps

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. 

  1. 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. 

  1. 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.  

  1. 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. 

  1. 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. 

Grenada Citizenship by Investment Processing Time: How long does it take to get Grenada citizenship?

Now that you know how to become a citizen of Grenada let's focus on how long it takes to get Grenada Citizenship. Each step of the process has its own timeline and as mentioned above the Minister has the final say which could potentially delay matters, but rarely this is the case.

On average one can expect the Grenada Citizenship By Investment Processing time to be around 3–6-months. The Grenada citizenship by investment real estate investment route could potentially consume more time as it requires additional steps. However, many successful applicants finalize finding real estate and collect supporting documents and application papers in a month’s time.

It typically takes the CBIC 1-2 months to assess the application and if approved an additional month to complete the real estate final sale and citizenship paperwork. In other words, time is on your side when it comes to the Grenada CBI program. Many other CBI countries have much more daunting and timely processes.
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Interested in a free consultation with one of our specialist residency & citizenship by investment advisors?

Living in Grenada: What is it like?

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.

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.

Grenada Citizenship By Investment

So, what are you waiting for? Let’s get your Grenada passport!

Lincoln Global Partners is an approved agent to help you every step of the way in your Grenada citizenship by investment journey. Regardless of which investment route you choose contribution or Grenada citizenship by investment real estate, we have the appropriate knowledge and connections to oversee your application through the entire process. As experts and global citizens, ourselves, we are experienced in the CBI space and are equipped to advise on the best CBI destination to fit your unique needs.

Contact Us to start the process and Become a Global Citizen in 2023

FAQ's Grenada Citizenship By Investment Frequently Asked Questions

Does Grenada allow Dual Citizenship?

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.

Does the Grenada Citizenship By Investment Program have any nationality restrictions?

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.

How long does the Grenada Citizenship By Investment process take?

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.

Can I add-on future dependents after receiving Citizenship By Investment in Grenada?

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.

When can I sell my investment?
Investors who become Grenada citizens through the CBI program must retain their real estate investments for a period of 5 years. After this timeframe has expired, they may choose to sell their investment.
Is there a minimum stay requirement to maintain citizenship?

Citizenship in Grenada is permanent; investors may come and go without having to meet a minimum stay requirement in order to maintain it.

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