Obtaining citizenship by investment in Grenada. Service offer

Grenada is a small island state located in the southeastern Caribbean Sea. It occupies an island with the same name and the south of the Grenadines in the group of the Lesser Antilles. Grenada gained its independence from the United Kingdom in 1974. It is a member of the Commonwealth of Nations, the UN, the Caribbean Community, and the Organization of Eastern Caribbean States.

• The official language is English;
• Population – 108 100;
• Area – 344 sq. km.

The citizenship by investment program of Grenada was officially launched in August 2013 when the parliament of Grenada passed Act No. 15 of 2013 also called the Grenada Citizenship by Investment Act 2013. The purpose of the act is to give foreign citizens an opportunity to obtain a permanent residence permit and citizenship of Grenada by investment in the economy of Grenada.

• be over 18 years old;
• have good health;
• have sufficient funds to meet the investment requirements; the origin of these funds must be legal.

The government of Grenada will reject an application in the following cases:

• if the applicant provided false information;
• if the applicant has criminal records;
• if the applicant is under criminal investigation;
• if the applicant is a potential threat to the national security of Grenada or any other country;
• if the applicant is involved in activity that can threaten the reputation of Grenada;
• if the applicant has received a visa refusal from a country that Grenada has a visa-free entry agreement with and after that refusal still has not obtained that country’s visa.

Investments must be made after the Citizenship by Investment Committee has informed of approval of the application.

The applicant can choose one of the following options:

1. Non-refundable contribution (donation)

The size of contribution depends on the number of people included in the application:

• the main applicant and up to 3 family members (1 to 4 people in the application) – 235 000 US dollars;
• for each additional family member (a family of more than 4 people) – 25 000 US dollars.

2. Investment of at least 270 000 US dollars in projects and real estate
approved by the government. Investment must be retained for 5 years after obtaining citizenship.

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Non-refundable government fee:

• the main applicant and up to 3 family members (1 to 4 people in the application) – 50 000 US dollars;
• for each additional family member (a family of more than 4 people, starting with the fourth family member) – 25 000 US dollars;
• for a brother or sister – 75 000 US dollars.

*Effective since 1 July 2024.

• application submission fee – 1 500 US dollars (each);
• due diligence fee:
  • the main applicant and dependent family members aged 17 years or older – 5 000 US dollars (each);
• application review fee:
  • the main applicant and dependent family members aged 18 years or older – 1 500 US dollars (each);
  • dependent family members aged 0 to 18 years – 500 US dollars (each);
• passport fee – 250 US dollars (each);
• interview fee (applicable to all family members aged 17 years or older who are included in the application as well as spouse and family member acting as the applicant’s sponsor if they are not included in the application) – 1 000 US dollars (each).

• spouse;
• children under 18 years of age;
• children aged 18 to 30 years if they are students of higher education institutions and depend financially on the applicant;
• parents and grandparents;
• brothers and sisters if they are not married and have no children.

• prescribed applications and forms, including the following:
  • questionnaires completed for the main applicant and all dependent family members,
  • declaration of the source of funds of the main applicant,
  • declaration of the fact that major family members included in the application are fully financially supported by the main applicant (are financially dependent), etc.;
• color copies of all passports that the applicant has (the first three and last three pages of each passport) – from each applicant;
• color copies of all valid national ID cards – from each applicant;
• marriage certificate and divorce certificate – for the main applicant;
• certificate of change of name (if applicable) – from each applicant;
• birth certificate – from each applicant;
• no-criminal-record certificate from the country of citizenship and any other country where the applicant has lived for over 1 year during the last 10 years – from each applicant;
• prescribed medical certificate – from each applicant;
• professional reference letter – for the main applicant;
• bank reference letter – for the main applicant;
• letter from higher education institution – for children aged 18 to 30 years;
• if the applicant has chosen real estate investment, a relevant form must also be filled out and a set of documents for the chosen real estate must be provided.

The applicant may not file the application and supporting documents by themselves.

The applicant must first apply to an authorized international marketing agent who, in turn, will put the applicant in touch with an authorized local agent.

The applicant must fill out prescribed forms, undergo medical examination and prepare supporting documents. All documents must be in English (translated into English) and legalized. If the applicant has chosen real estate investment, the real estate must be reserved by signing a purchase agreement.

The authorized local agent submits the application to the Executive Office of the Citizenship by Investment Committee. All subsequent interaction (correspondence, further queries, etc.) regarding the application takes place between the Committee and the authorized local agent.

A thorough check is conducted in respect of each application, during which the provided information is examined and verified. The applicant and their family members will be asked to give an interview by means of a video conference.

Based on the result of the check, the Committee issues a recommendation on the application. The final approval of the application is within the competence of the Minister who, when making a decision, normally follows the Committee’s recommendation. As soon as the Minister has made the decision, the authorized local agent is sent a letter informing the applicant of the decision: whether the application has been approved, referred for additional review or rejected.

If the application has been approved, the Committee sends a letter instructing the applicant to make a contribution to the National Transformation Fund or complete the real estate purchase transaction. Once the applicant has proven with documents the contribution to the fund or purchase of the real estate, the Committee issues a certificate of registration proving obtaining citizenship of Grenada, after which the authorized local agent applies for Grenadian passport on behalf of the applicant.

[1] The service fees are effective as of August 2024.

[2] Excluding VAT.