Grenada Citizenship by Investment


Approval: 3-4 months
No Tax: International Income, Inheritance or Wealth Tax
Exclusive Benefits: US E-2 Visa Eligibility 

Visa Free Travel: 135+ Destinations including China
Investment: Donation, Real Estate

Since the establishment of the Grenada citizenship by investment program in 2013, applicants from all nationalities can obtain an irrevocable Grenada passport. The two paths established by the Grenada citizenship by investment regulations include:

  1. Investors can make a nonrefundable minimum contribution of $150,000 into the National Transformation Fund.
  2. CBI investors can also qualify by purchasing approved Grenada real estate for a minimum price of $220,000. The investor can sell the real estate investment after a holding period of 5 years to a new CBI applicant while retaining their Grenada citizenship in perpetuity.
Six Senses La Sagesse, Grenada Citizenship by Investment Real Estate

Six Senses La Sagesse, Grenada – View of Hillside Guestrooms


Six Senses La Sagesse, Grenada by Range Developments is an approved Grenada CBI real estate project. Range Developments is the most successful developer of CBI property in the Eastern Caribbean. Indeed, Range already has two completed projects in the Cabrits Resort Kempinski, Dominica and the Park Hyatt St Kitts. Both projects are completely sold out and operational.

Investors can sell the property for a profit after a holding period of five years while still retaining their Grenada passport for life. Choosing an experienced developer with a proven track record gives CBI applicants the best opportunity to recoup their capital. Additionally, shareholders can participate in a 90% net profit sharing from operations pro rata. The price for a share purchase at Six Senses La Sagesse, Grenada starts at US$220,000.

Grenada Citizenship by Investment Real Estate Option

To support the Grenada tourism industry, Grenada citizenship by investment includes the real estate option. As a result, applicants can invest in Grenada CBI approved projects for a minimum price of $220,000. The investor is required to own the property for a minimum of 5 years after which they can sell the property to recoup their investment. Potential buyers include new CBI applicants who can use it to qualify for Grenada citizenship by investment.

Real Estate Program Fees Amounts Due
Real Estate Investment $220,000 irrespective of the number of applicants*
Due Diligence $5,000 main applicant
$5,000 dependents (age 16 and over)
$0 no charge dependents (under 16 years)
Government Fees $50,000 main applicant
$50,000 family of four

$35,000 spouse
$35,000 child dependents 18-30 years
$25,000 child dependents <18 years***
$75,000 per dependent non married, childless sibling of main applicant over 18 years of age**

$50,000 per dependent parent/grandparent <55**
$75,000 dependent parent <55 family of five or more**
Government Processing Fees $1,500 main applicant
$1,500 spouse
$1,500 dependent (age 16 years and over)
$500 dependent child (under 16 years)
Government Application Fees $1,500 per person
Passport $270 per person

*$220,000 purchase price assumes it is a shared property. Otherwise, for sole ownership the minimum purchase price is $350,000

**Dependent siblings, parents and grandparents under the age of 55 will always require these fees and cannot be included in the $50,000 government contribution for family of four. Additionally, Grenada no longer requires parents and grandparents be financially maintained by the main applicant or spouse.

***Includes children of the main applicant born within 12 months after citizenship was granted, they can be retroactively included for USD $25,000.

Professional fees are required on all applications and will vary in relation to the number of dependents and the complexity of the application.

National Transformation Fund

The first path to Grenada citizenship by investment is called the National Transformation Fund (NTF). This option was created by the government in order to provide funding for important economic segments of the island’s economy including tourism, agriculture and alternative energy.

Grenada passport requirements include a thorough background check and application process. If successful, investors must then submit the non refundable investment amounts specified below. Under the NTF, the government requires a Grenada citizenship processing time of only 3-4 months!

NTF Program Cost NTF Donation Amount
Investment $150,000 single applicant
$200,000 main applicant + up to 3 dependents
$25,000 each additional dependent*
$75,000 per dependent non married, childless sibling of main applicant over 18 years of age**

$50,000 per dependent parent/grandparent <55**
$75,000 dependent parent <55 family of five or more**
Due Diligence $5,000 main applicant
$5,000 spouse
$5,000 dependents (age 16 and over)
$0 no charge dependents (under 16 years)
Government Processing Fees $1,500 main applicant
$1,500 spouse
$1,500 dependent (age 16 years and over)
$500 dependent child (under 16 years)
Government Application Fees $1,500 per person
Passport $270 per person

*Includes children of the main applicant born within 12 months after citizenship was granted, they can be retroactively included for USD $25,000.

**Dependent siblings, parents and grandparents under the age of 55 will always require these fees and cannot be included in the $50,000 government contribution for family of four. Additionally, Grenada no longer requires parents and grandparents be financially maintained by the main applicant or spouse.

Professional fees are required on all NTF applications and will vary in relation to the number of dependents and the complexity of the application.

US E-2 Visa

To apply for the US E-2 Visa, the applicant must be a citizen of a country with a bilateral investor treaty with the US. Grenada is one of the E-2 treaty countries and therefore successful applicants under the Grenada citizenship by investment program are eligible to apply. The Grenada citizenship E-2 visa requires applicants to invest a “substantial amount” with no set minimum into an active business in the US. Additionally, the investment must equal at least 50% ownership in the business. If successful, the applicant can enter and work in the US based on their investment.

  • The E-2 Visa is valid for a five year period and can be renewed continuously as long as the investment still qualifies.
  • The spouse of the Grenada citizenship E-2 visa applicant has open market employment opportunities in the US.
  • Successful E-2 visa holders can reside and work in the US while their EB-5 permanent residence applications are pending.
  • Applicants for the E-2 visa may convert their status to the EB-5 (green card) provided they meet the investment criteria.
  • Processing time for E-2 visa is usually two months or less.
  • Children (under 21 years) of the E-2 applicant can attend school in the US and may be eligible for in-state tuition.
  • E-2 visa applicant and family members may be inside or outside the US during the term of the visa.

We have partnered with an E-2 visa specialist firm based in the US that offers turnkey business solutions for entrepreneurs who intend to use Grenada citizenship by investment to obtain US E-2 visa approval. The US E-2 visa approval turn time is fast and with their turnkey solution, you could be living in the US within 2 months after you receive Grenada citizenship by investment.

Grenada Passport Visa-Free Destinations Map

*Includes eVisa, Visa on Arrival

Grenada Passport Visa Free Destinations List 2020


  1. Bangladesh
  2. Cambodia [visa on arrival]
  3. Hong Kong
  4. India [eVisa]
  5. Indonesia
  6. Kyrgyzstan [eVisa]
  7. Laos [eVisa, visa on arrival]
  8. Macau [visa on arrival]
  9. Malaysia
  10. Maldives [visa on arrival]
  11. Myanmar [eVisa]
  12. Nepal [visa on arrival]
  13. Pakistan [online visa]
  14. Philippines
  15. Singapore
  16. South Korea
  17. South Ossetia
  18. Sri Lanka [visa on arrival]
  19. Tajikistan [eVisa]
  20. Thailand [visa on arrival]
  21. Timor-Leste [visa on arrival]
  22. Turkey [eVisa]
  23. Uzbekistan
  24. Vietnam [eVisa]


  1. Akrotiri and Dhekelia
  2. Andorra
  3. Armenia [visa on arrival]
  4. Ascension Island [eVisa]
  5. Austria
  6. Belarus
  7. Belgium
  8. Bosnia and Herzegovina
  9. Bulgaria
  10. Croatia
  11. Cyprus
  12. Czech Republic
  13. Denmark
  14. Estonia
  15. Faroe Islands
  16. Finland
  17. France
  18. Georgia [eVisa]
  19. Germany
  20. Gibraltar
  21. Greece
  22. Greenland
  23. Hungary
  24. Iceland
  25. Ireland
  26. Italy
  27. Kosovo
  28. Latvia
  29. Liechtenstein
  30. Lithuania
  31. Luxembourg
  32. Northern Cyprus
  33. Malta
  34. Moldova
  35. Monaco
  36. Montenegro
  37. Netherlands
  38. Norway
  39. Poland
  40. Portugal
  41. Romania
  42. Russia
  43. San Marino
  44. Serbia
  45. Slovakia
  46. Slovenia
  47. Spain
  48. St Helena [visa on arrival]
  49. Sweden
  50. Switzerland
  51. Transnistria
  52. Ukraine [eVisa]
  53. United Kingdom
  54. Vatican City

Middle East

  1. Bahrain
  2. Iran [visa on arrival]
  3. Israel
  4. Jordan [visa on arrival]
  5. Palestine
  6. Qatar [eVisa]
  7. United Arab Emirates [visa on arrival]


  1. Benin [eVisa, visa on arrival]
  2. Botswana
  3. Cape Verde [visa on arrival]
  4. Comoros [visa on arrival]
  5. Djibouti [eVisa]
  6. Egypt [visa on arrival]
  7. Eswatini
  8. Ethiopia [eVisa]
  9. Gabon [eVisa]
  10. Gambia
  11. Guinea-Bissau [visa on arrival]
  12. Kenya
  13. Lesotho
  14. Madagascar [eVisa, visa on arrival]
  15. Malawi [visa on arrival]
  16. Mozambique [visa on arrival]
  17. Mauritania [visa on arrival]
  18. Mauritius
  19. Mayotte
  20. Reunion
  21. Rwanda [eVisa, visa on arrival]
  22. Sao Tome Principe [eVisa]
  23. Senegal [visa on arrival]
  24. Seychelles [visitor’s permit on arrival]
  25. Sierra Leone [visa on arrival]
  26. Somalia [visa on arrival]
  27. Somaliland [visa on arrival]
  28. Tanzania
  29. Togo [visa on arrival]
  30. Uganda
  31. Zambia
  32. Zimbabwe


  1. Anguilla
  2. Antigua and Barbuda
  3. Argentina
  4. Aruba
  5. Bahamas
  6. Barbados
  7. Belize
  8. Bermuda
  9. Bolivia [visa on arrival]
  10. British Virgin Islands
  11. Caribbean Netherlands
  12. Cayman Islands
  13. Costa Rica
  14. Cuba
  15. Curacao
  16. Dominica
  17. Dominican Republic
  18. Ecuador
  19. French Guiana
  20. French West Indies
  21. Guyana
  22. Haiti
  23. Jamaica
  24. Montserrat
  25. Nicaragua [visa on arrival]
  26. Panama
  27. Peru
  28. Saint Pierre and Miquelon
  29. Sint Maarten
  30. St Kitts and Nevis
  31. St Lucia
  32. St Vincent and the Grenadines
  33. Suriname [eVisa]
  34. Trinidad and Tobago
  35. Turks and Caicos
  36. Uruguay
  37. Venezuela

South Pacific:

  1. Cook Islands
  2. Fiji
  3. French Polynesia
  4. Kiribati
  5. Nauru [visa on arrival]
  6. Palau [visa on arrival]
  7. Maldives [visa on arrival]
  8. Marshal Islands [visa on arrival]
  9. Micronesia
  10. New Caledonia
  11. Niue
  12. Papua New Guinea [eVisa, free visa on arrival]
  13. Pitcairn
  14. Samoa [entry permit on arrival]
  15. Solomon Islands [visa on arrival]
  16. Tonga [visa on arrival]
  17. Tuvalu [visa on arrival]
  18. Vanuatu
  19. Wallis and Futuna


Grenada Citizenship Benefits

  • USA E-2 Visa: Grenada citizenship E-2 visa eligibility is one of the most coveted Grenada citizenship benefits. Grenada Citizens are eligible to apply for the E-2 visa, if successful they are granted a renewable 5 year visa to live and work inside the US.
  • Member of British Commonwealth: As a Commonwealth Citizen, successful applicants enjoy benefits including assistance at British Embassies and consulates in foreign non-Commonwealth countries where their own country does not have a diplomatic or consular post. Additionally, they can apply for British emergency passports if their passport has been lost or stolen. Also, the children of successful applicants receive preferential treatment inside the UK for student visas and also work visas.
  • Member State: Grenada is a participating member in the British Commonwealth, CARICOM (Caribbean Community) and the OECS (Organization of Eastern Caribbean States).
  • Grenada Permanent Residence: The previous requirement for citizenship by investment applicants to first obtain Grenada permanent residence has been removed by the government and is obsolete under the updated program guidelines.
  • Idyllic Climate: Grenada is located below the hurricane belt with year round ocean breezes and a mean annual temperature of 29° Celsius.
  • Low Taxes: Grenada citizenship by investment requires no taxes on international income, no wealth tax and no inheritance tax. Also, none of the Caribbean countries impose any offshore asset disclosure requirements e.g. FBAR.
  • 100% Legal Program: The constitution of Grenada includes the Grenada Citizenship By Investment Act of 2013 and set forth the requirements and objectives of the Grenada Citizenship by investment regulations.
  • Best Family Program: Grenada citizenship benefits for families are the best in the Caribbean! Their family friendly program allows the addition of dependent children under 30 years without the need to be enrolled in full time education or over 30 years old (if disabled), plus siblings of the main applicant, parents and also grandparents. As an added bonus, citizenship can be passed down to three generations and beyond.
  • World Class University: The internationally esteemed St. George’s University is located on Grenada Island and has US accredited medical programs plus veterinary, arts and science education facilities with over 7,000 students from 140 different countries. Established since 1977, St George’s University is listed with the World Health Organization and is the second largest source of doctors for the entire US workforce.
  • No Residency Requirement: There is no requirement to ever visit the island in order to obtain or retain your Grenada passport.
  • No Restricted Nationalities: Grenada citizenship by investment does not preclude any nationalities from qualification for the program.
  • Visa Free Travel: Grenada citizenship benefits include visa free access to China, Russia, Brazil, Cuba, Hong Kong and Singapore. Note that Grenada is the only Caribbean country with visa free access to China and UAE [visa on arrival]. Additionally, Grenada citizenship visa free countries includes all of the European Union, United Kingdom, Commonwealth Nations and Caribbean countries. In total, Grenada citizenship by investment will get you visa free access to 135+ countries.
  • Digital Processing: to prevent the transmission of the novel corona virus, processing of Grenada citizenship by investment applications has been moved 100% online.

Grenada Tax Information

As an applicant of the Grenada citizenship by investment program you do not need to be concerned with income tax on foreign income. Additionally, in Grenada there is no capital gains tax, wealth tax, inheritance tax or taxes on dividend income.

Personal Income Tax

Citizens of Grenada will only pay personal income tax if the income is sourced domestically. The currency used on Grenada is the Eastern Caribbean dollar (XCD) which is pegged to the US Dollar at 2.7 XCD per 1 USD.

Annual Income Tax Rate
XCD 36,000 and under Exempted
XCD 36,001 to XCD 60,000 10%
Exceeding XCD 60,000 28%

Value Added Tax (VAT)

A VAT tax rate of 15% is charged on goods and services that are purchased in Grenada and goods/supplies imported into Grenada.

Business Tax

Resident companies must pay Grenada tax on business income. A company is resident if it is registered in Grenada or their main point of control is in Grenada. However, non-resident companies only pay Grenada tax on business income after they have established a branch in Grenada. If so, they pay tax on business/trade that is being conducted in Grenada. The tax rate on business income is 28% A company is also required to pay annual stamp tax on its gross receipts which includes revenues from rental income, dividend income, interest income, investment income, cost of materials from stocks, and sale or disposal of goods and services.

Revenues Per Annum Tax Rate
XCD 36,000 and under Exempted
XCD 300,000 and under 0.5%
XCD 300,000 and above 0.7%

Property Transfer Tax

Those who buy or sell property by deed transfer in Grenada are required to pay transfer tax whether the transaction is a sale, gift or other method of disposition. Property transferred by Deed of Gift is only taxable on the amount that exceeds XCD 150,000. Additionally, dispositions by other means are taxed only on the amount exceeding XCD 20,000. The tax rates paid on the aforementioned amounts are as follows:

Subject to Tax Tax Rate
Seller (Grenada Citizen) 5% non CBI property 2.5% CBI property
Seller (non citizen) 15%
Buyer (Grenada Citizen) 0%
Buyer (non citizen) 10%
All Buyers 1% Stamp Duty Tax


National Transformation Fund

  1. The investor signs the professional agreement with iGlobal and submits the professional retainer fee. Next, all of the application forms are completed and the supporting documents are collected. After thorough review, the forms are submitted to the government CBI unit along with all of the supporting documents. Due diligence fees, government application fees and processing fees are collected and submitted at this time.
  2. After submission, the application processing time for due diligence is about 3-4 months.
  3. Upon completion, the CBIU issues the application approval letter. The full contribution amount is now submitted to the National Transformation Fund.
  4. Upon receipt of the full donation amount, the Grenada government procures the citizenship naturalization documents. The passport application fees are collected and the passport application is submitted to the department of immigration.
  5. After processing (2-3 weeks), the applicant’s passport(s) along with the naturalization documents are sent to the investor via a reputable delivery service.

Real Estate Approval Process

  1. The investor signs the professional agreement with iGlobal, completes the reservation application forms and enters into a purchase and sale agreement for the property. Additionally, 10% down payment is collected in addition to the professional retainer fee.
  2. All application forms are completed and required documentation is collected for review by our legal team.
  3. After review, all of the due diligence and government fees are collected and submitted along with the completed application forms and supporting documents. After submission, the Grenada application processing time is 3 or 4 months.
  4. Upon approval, the remaining 90% of the purchase price is submitted to the developer.
  5. After confirmation of payment is received, the Grenada government will issue the certificate of naturalization. The passport application fees are collected and the passport application is then submitted to the department of immigration.
  6. After processing (2-3 weeks), the passport(s) is sent to the investor by reputable delivery service along with the certificate of naturalization.

Application Package Form(s)

  • Annex 1 – Registration of Electronic Signature
  • Annex 2 – Family Members
  • Annex 3 – Application Form
  • Annex 3 – Supplement – Particulars related to applicants
  • Annex 4 – Privacy and Information Release Form
  • Annex 5 – Criminal Record Verification Form
  • Annex 6 – Birth or Adoption Records
  • Annex 7 – Verification of Support of Dependents over the age of 11
  • Annex 8 – Medical Health Certification
  • Annex 9 – Statement of Source of Funds
  • Education History/Employment History
  • Application Checklist – Schedule II Form 1
  • Know Your Client Form
  • Application for a Grenadian Passport Form

Additional Supporting Document(s)

10 current color passport size photos, Color copies of all passports possessed, Color Copy of all National ID documents, Certified copy of all marriage and divorce certificates, Original professional reference, Original Bank Reference, Resume or CV, Required Affidavits (as required in support of annex 7), Certified diplomas and school transcripts for dependents 18-25 years old (if applicable), Original police certificate and criminal records verification (annex 5), Original birth certificate or Adoption records, Medical health certificate with HIV results, Statement of Source of funds – adequate documentation is required (annex 9), Original Proof of Residential Address

REAL ESTATE OPTION: Copy of Duly Executed Real Estate Contract / Purchase and Sales Agreement, Copy of Duly Executed Escrow Agreement, Deed of Conveyance / Certificate of Title (if closing completed), Confirmation of deposit of all funds to escrow account

Local Facts About Grenada

About 2 million years ago the volcanic rumbling from the ocean floor gave birth to the beautiful island of Grenada. As a result of the volcanoes, Grenada citizenship benefits include fertile soil and the mountainous interior of the islands. Additionally, Grenada citizenship benefits include 45 beautiful white sand beaches along its 121 kilometers of coastline – including the famous Grand Anse beach. Therefore, visitors can enjoy the world class beaches and then hike into the world’s most beautiful waterfalls in the same day!

Grenada’s economy has averaged a real growth rate of 5% since 2013 which has benefited largely from the expansion of tourism, construction and light manufacturing. However, agriculture is still a significant sector of the economy with the largest exports being nutmeg and mace. Other crops include cocoa, cinnamon, citrus fruits, bananas and cloves.

  • Capital & Largest City: St George’s (pop. 34,000)
  • Independence from UK: February 7, 1974
  • Total Population: 112,000 (2019)
  • Nominal GDP: $1,210,000,000 2018 (World Bank)
  • GDP Per Capita: $9,205 2018 (World Bank)
  • Local Currency: East Caribbean Dollar (XCD)
  • Spoken Language: English
  • Political System: Constitutional Monarchy
  • Legal System: English Common Law
  • Highest Point: Mount St. Catherine 840m
  • Total Area: 348 sq kilometers/133 sq miles

Grenada Location

Grenada Islands area map

The Caribbean island nation of Grenada is located in the southern part of the Grenadines Island group at the tail end of the Windward Islands in the Lesser Antilles island archipelago.

The island nation consists of 7 islands with the largest and main island being Grenada. The next largest in size are the islands of Carriacou and Petite Martinique. Additionally, Grenada citizenship benefits include easy access to Venezuela, Trinidad and Tobago and the vast continent of South America.

Travel Options to Grenada

Maurice Bishop International Airport is located on the Island of Grenada. The airport is accessible throughout the Caribbean Islands and also major cities such as Caracas, Miami, New York, Toronto, London and Frankfurt.

Travel to Grenada

Furthermore, cruise ships depart from both Miami and Puerto Rico and feature Grenada as a regular port of call. If you have your own ocean vessel then you will find plenty of marinas where you can clear customs and immigration. Plus, you can purchase supplies on the islands and anchorage services are available in most bays and inlets.