Grenada’s Economic Citizenship Program allows two investment routes to citizenship established in 2013.
Grenada’s Economic Citizenship Program allows eligible individuals and their families to apply for citizenship by making either:
- a US $350,000 investment into approved real estate, or
- a min. US $200,000 non-refundable donation to the National Transformation Fund (increases with no. applicants).
The Citizenship by Investment Programme came into being in August 2013, when the Grenadian Parliament passed Act No. 15 of 2013, otherwise referred to as the ‘Grenada Citizenship by Investment Act, 2013.’ The stated objective of the Act is to “enable persons to acquire permanent residence and citizenship of Grenada by registration following investment in Grenada.”
The government authority responsible for administering the program and processing all applications is the Grenada Citizenship by Investment Committee (CBIC) whose ten member committee report to the Minister.
Foreign nationals including their spouse, dependent children as well as parents and grandparents over 65 years can obtain citizenship via one simultaneous application. There are no specific requirements pertaining to business experience, and there is no residency requirement.
Fees and Costs
- US $50,000 for the main applicant
- US $25,000 for the spouse of main applicant + each dependent
Government Application Fees
- US $1,5000 for each applicant
Government Due Diligence Fees
- US $5,000 for each applicant over 18 years
- US $2,000 for each dependent 16 to 17 years
Government Processing Fee
- US $1,500 per applicant over 18 years
- US $500 per dependent under 18 years
Other fees may include passport application fees, government transfer tax or share registration fees, escrow fees, and legal fees.
Citizens International Legal Fees
Citizens International’s fees vary depending on the case and the number of persons included in the application. Fees include citizenship file administration, legal representation in citizenship procedure, legal representation in property purchase and the processing of citizenship application through government.
Please contact us for further information on fees applicable to your case.
The Grenada government allows citizens to hold dual citizenship, and the acquisition of citizenship is not reported to other countries.
It is estimated that the application process will take about two to three months from the submission of the application to the approval and issuance of the passport, assuming there are no areas of concern with the application.
More detailed information is available in the Application Process section