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Citizenship by Investment Program

Grenada’s Citizenship by Investment Programme was launched in August 2013, and came into force following the Grenada Citizenship by Investment Act, 2013.

The Citizenship by Investment Act has been amended four times since then, the last time being on April 1, 2019.

Notable new amendments include:

1. The Real Estate Investment was reduced to USD 220,000 per share from $350,000 , jointly or co-investing in a $440,000 unit.
2. Removal of permanent residence as a pre-requisite for citizenship.
3. Dependent children between the ages of 18 and 30 no longer need to be enrolled at an institution of higher learning
4. Parents or grandparents over 55 years no longer need to be fully supported.
5. Secondary purchasers of CBI real estate units in approved real estate projects can acquire citizenship.

Under this program, individuals, and their dependents, making a donation or investing in real estate, may become Grenadian citizens.

The Grenadian passport is the only Caribbean passport that offers visa free entry to China, The UK and EU Schengen Area.


Donation to Grenada’s National Transformation Fund

- US$150,000 non-refundable contribution to Grenada’s National Transformation Fund for a single applicant.

- US$200,000 for a family up to 4 members. For each additional dependent, it is required an additional contribution of US$ 25,000.


- Main applicant must be 18 years old or older.
- Main applicant must prove that they have enough funds to make the required investment, and prove the legal source of these funds.
- Main applicant and dependents do not suffer contagious disease and/or serious health problems.
- Not to have been convicted in any country of an offense, with a custodial penalty of more than six months’ imprisonment, unless he or she has received a free pardon.
- Not to be subject of a criminal investigation.
- Not to be considered a potential national security risk.
- Not to be involved in any activity likely to cause disrepute to Granada.
- Not to have been denied a visa to a country with which Grenada has visa-free access.

Restricted Nationalities

No nationality is officially restricted

dual citizenship

Dual citizenship is recognized in Grenada. You are not required to renounce your previous nationality to become a citizen of Grenada.

Documents Required

  • Certified copy of ID Card
  • Certified copy of passport
  • Medical Certificate
  • Original or Certified copy of Marriage Certificate (if applicable)
  • Original or Certified copy of Birth Certificate (if applicable)
  • Original Police Clearance Certificate
  • Original Bank Reference Letter (Not older than 6 month)
  • Six passport-size photos
  • Statement of Source of Funds
  • Photograph and Signature Certificate
  • Affidavit of support for Dependents
  • Investment Confirmation / Escrow agreement
  • Proof of payment of nonrefundable processing and due diligence fees
  • Official transcripts of written confirmation from a recognized education center (dependents over 18)
  • dual citizenship Yes
  • Family members included Yes
  • land ownership Yes
  • Physical residence required No
  • Personal visit required No
  • Language skills required No
  • Interview required No
  • Investment Single $150,000
  • Investment Family 4 $200,000
  • Minimum annual income -
  • Time to citizenship 2
  • Time to permanent residency
  • Visa-free countries 148
  • Financing available No

Country details

St. George's
North America
Grenada is a Caribbean country, member of the CARICOM and the Commonwealth. It is located in the Lesser Antilles, in the southeastern Caribbean Sea, north of Trinidad and Tobago, northeast of Venezuela, and south of Saint Vincent and the Grenadines.

Grenada boasts a relatively high standard of living for the region, and a tropical Caribbean climate.

The country consists of the main island (Grenada) and a series of small islands, the southern Grenadines. With just 344 sq. km and a population of 109,000 inhabitants, it is the second smallest independent country in the Western Hemisphere (after Saint Kitts and Nevis). Its capital is Saint George. The official language is English and its official currency is the Eastern Caribbean Dollar (XCD), pegged to the US dollar at a 2.71:1 ratio.

Visa Free Travel

With your new passport from Grenada you'll be able to access 148 countries visa free


Becoming a Grenadian citizen, does not automatically mean becoming a tax resident. To be a tax resident, an individual must spend at least 183 days a year within the country. Tax residents and non-residents are subject to tax on their Grenadian-source income.

The first XCD24,000 of Grenadian-source income is subject to a personal income tax rate of 10%, rising to 30% on income exceeding this amount. Capital Gains are not subject to taxation.

Grenada has not enacted Controlled Foreign Companies Rules. This means that income retained in a foreign entity owned by a tax-resident may not be subject to taxation.

Property tax ranges from 0% to 0.5% depending on the use of the property. Transfers of real property are subject to a tax from 5% up to 15%, depending whether it is sold to a resident or to a non-resident. Value-added tax (VAT) in Grenada is 15%. There are no inheritance and net wealth taxes in Grenada.

Regarding corporations, a resident company is subject to a flat tax rate of 30% on its worldwide income. However, companies incorporated under the International Companies Act are fully tax-exempt. International Companies are entitled to do business outside the territory and benefit from almost non-existent accounting requirements and maximum confidentiality.

Learn more about Grenada corporate taxation and legal framework at incorporations.io/grenada.

This should not be construed as tax advice. We have access to a global network of qualified attorneys and accountants who can give you the proper advice for your particular circumstances. Contact us for further information.

  • Property tax Yes
  • Transfer tax Yes
  • Inheritance tax No
  • Net worth tax No
  • CFC law No
  • Tax residency days 183
  • Personal income tax rate 30%
  • Capital Gains tax rate 0%
  • Investment income tax rate 0%
  • Territorial taxation Yes

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