Grenada

The Grenada Citizenship by Investment Programme grants full citizenship and a passport to the main applicant and family, from a US$235,000 contribution or a qualifying real estate purchase. It is administered by the Investment Migration Agency (IMA) Grenada, and regionally by ECCIRA, the Eastern Caribbean Citizenship by Investment Regulatory Authority, whose headquarters sit in Grenada itself.

There are two routes, and the choice between them is really a choice about what happens to the money afterwards. The National Transformation Fund (NTF) is a non-refundable contribution of US$235,000, funding national development projects, and it covers the main applicant, a spouse and children in a family of up to four. The approved real estate route starts at US$270,000 in a government-approved tourism-sector project, most commonly a resort property, plus a US$50,000 government fee, or at US$350,000 in an approved project outside the tourism sector. Real estate must be held for a minimum of five years before resale, and resort-managed units may generate rental income through hotel management programmes. The NTF is the simpler, lower-outlay route; real estate suits those who want the capital working as an asset rather than spent outright, in exchange for illiquidity during the hold period.

The full cost picture, consistent with Mirabello's cost calculator, is the headline investment plus government and due-diligence fees. On the NTF route that means US$235,000 plus due diligence of US$5,000 for every applicant aged 17 or over (children under 17 are not charged), an interview fee of US$1,000 for each applicant aged 17 or over, and government application, processing, passport and oath-of-allegiance fees that run into the low thousands per person. On the tourism-sector real estate route, add the US$50,000 government fee to the US$270,000 purchase price before due diligence. Legal and professional fees, and any real-estate transaction costs, sit outside these government figures and are quoted separately.

What drives the timeline

The Investment Migration Agency states that applications are approved within 60 business days of submission, subject to a satisfactory due-diligence check and receipt of the funds. That official clock starts at submission, so preparing a complete file beforehand, and the oath and passport issuance afterwards, add to it; in Mirabello's practice the whole journey typically takes around six months. Administrative reforms in 2025, including digital case management and an expanded review team, cut what had been a process of around 12 months. A mandatory online interview forms part of the standard process. What actually moves the date is the completeness of the file at submission and the pace of due diligence.

Residence, passport and travel

Grenada imposes no post-citizenship residency requirement and no visit pledge: the Investment Migration Agency confirms that no visit is needed before, during or after the application, and citizenship is unconditional once granted. A proposed rule of 30 days' presence in the first five years, in the Amendment Bill 2026, is not yet in force. The adult passport is valid for ten years (five for minors), longer than some regional peers offer. On travel, Grenada's passport carries visa-free or visa-on-arrival access to 147 destinations as at 2026, including the Schengen area, the United Kingdom (via eTA, which Grenada has retained while Dominica and St Lucia have not), China, Hong Kong and Singapore. Visa-free access is set unilaterally by each destination country and can change; current terms should always be confirmed before travel is planned around them.

Family inclusion

The NTF contribution covers the main applicant, a spouse and children in a family of up to four. Beyond that, the Investment Migration Agency lists an additional contribution of US$25,000 or US$50,000 per additional dependant, depending on the dependant, and US$75,000 for each sibling; parents and grandparents aged 55 or over and siblings are not covered by the family-of-four price. Eligible dependants include a spouse; unmarried children up to age 30 who remain financially dependent; parents and parents-in-law aged 55 or over who are financially dependent; and, unusually for the region, unmarried adult siblings, a differentiator few other Caribbean programmes offer. The exact contribution for a given family should be confirmed before an application is structured.

Tax treatment

Grenadian citizenship, on its own, does not make you a Grenadian tax resident. Tax residence is a separate legal question governed by where you actually live and how many days you spend in the country, not by holding a passport. Grenada's citizenship-by-investment programme is named by the OECD among schemes that can be misused to circumvent Common Reporting Standard reporting when combined with low physical presence, a tax-transparency monitoring designation rather than a statement on the programme's legitimacy; in practice, financial institutions apply their own residence and tax checks to documents connected with it. This is general information, not tax advice, and any Grenada-specific personal tax position should be confirmed with a qualified adviser.

Where this programme is a poor fit

Grenada is not the lowest-cost Caribbean citizenship: Dominica and Antigua and Barbuda both start lower, and outside the Caribbean, Vanuatu is lower-cost still, if EU and UK access matter less to you. There is no refundable investment route here, unlike St Lucia's government bond option, so every dollar of the NTF contribution is a donation, not a deposit. The real estate route ties capital up for a minimum of five years with no formal expedited tier available to shorten either route. Citizens of Russia and Belarus are not eligible to apply under current rules, and nationals of a small number of other countries face additional conditions.

Where Grenada fits well is the investor who wants a fast, unconditional citizenship with no ongoing residency obligation, values full UK and Schengen access, wants the flexibility to include adult siblings or dependent parents, and is content with the region's mid-range pricing rather than its lowest-priced tier.