Grenada's Citizenship by Investment offers two routes: a National Transformation Fund donation or approved real estate investment.
Official minimums: USD 200,000 (NTF) for a family of up to four; from USD 220,000 for approved real estate plus a USD 50,000 government fee per application.
Approved projects are largely luxury hotels, resorts, and villas overseen by Grenada's Investment Migration Agency.
Passport benefits include visa-free/visa-on-arrival access to 140+ destinations and access to the U.S. E‑2 Investor Visa treaty category.
Program scale remains significant in the region, with reported CBI revenues in the hundreds of millions of EC dollars in recent years.
For globally mobile families and investors, Grenada's citizenship by investment (CBI) program blends a streamlined route to a respected second passport with a Caribbean base and competitive capital outlay. This guide distills the program's terms, costs, and practical returns you can expect in 2025.
Table of Contents
- Program overview and eligibility
- Investment pathways: National Transformation Fund vs approved real estate
- Costs and fees breakdown — family vs per‑applicant
- Real‑estate market trends and leading approved CIP projects
- Return on investment: passport benefits
- FAQ
Program Overview and Eligibility
Grenada's CBI program allows qualified foreign nationals to acquire citizenship by either making a contribution to the National Transformation Fund (NTF) or investing in approved real estate projects. The program is administered by the country's Investment Migration Agency (IMA), which publishes the framework, application pathways, and the roster of approved projects for the program on its official site.
Eligibility hinges on making the qualifying investment and passing government due diligence, with family inclusion possible under the NTF family option as set out in the official Schedule of Fees published by the Government of Grenada.
Government Framework
The IMA oversees the program, including vetting, project approvals, and adherence to statutory requirements. The government codifies financial thresholds and payable fees in the official Schedule of Fees, which sets the minimum NTF amount and real estate investment thresholds, as well as applicable government charges for applications. The IMA provides program guidance and the list of approved projects, primarily in hospitality real estate, on its official portal.
Investment Pathways: National Transformation Fund vs Approved Real Estate
Applicants can choose:
- National Transformation Fund (NTF) contribution – a one-time, non-refundable donation to Grenada's NTF. The official fee schedule provides the donation amounts and eligible family composition for this route.
- Approved real estate investment – a qualifying investment in a government-approved project (typically hospitality and resort developments) at or above the minimum threshold, plus government fees. The thresholds and fees are set out in the Schedule of Fees, and the IMA's project list is available online.
NTF vs Approved Real Estate — At a Glance
| Path | Minimum Outlay | What You Receive | Key Notes |
|---|---|---|---|
| NTF contribution | From USD 200,000 (family of up to four) | Citizenship for eligible applicants included in the file | Donation to Grenada's NTF per the official Schedule of Fees |
| Approved real estate | At least USD 220,000 per applicant + USD 50,000 government fee | Citizenship and an interest in an approved property project | Projects primarily include hotels/resorts; see IMA project roster and Schedule of Fees |
Costs and Fees Breakdown — Family vs Per‑Applicant
NTF (Donation) Route
NTF amounts are set by the government. According to the official Schedule of Fees, the NTF requires a one-time contribution of USD 200,000 for a family of up to four applicants.
Additional government processing and due diligence fees apply. These are defined in the same official schedule, which should be consulted for the specific per‑applicant charges that may vary by age and family composition.
Real Estate Route
For the real estate route, the government sets a minimum investment of at least USD 220,000 per applicant into an approved project, as specified in the official Schedule of Fees.
Government Fees
For real estate applications, a USD 50,000 government fee applies in addition to the qualifying investment, per the Schedule of Fees. The same schedule details other payable government fees (e.g., due diligence and processing) across both pathways.
Key Financials (Official Minimums)
| Item | Amount (USD) | Source |
|---|---|---|
| NTF contribution (family up to 4) | 200,000 | Government of Grenada – Schedule of Fees |
| Approved real estate minimum (per applicant) | 220,000 | Government of Grenada – Schedule of Fees |
| Real estate government fee | 50,000 | Government of Grenada – Schedule of Fees |
Real‑Estate Market Trends and Leading Approved CIP Projects
Grenada's approved CBI project list is dominated by real estate — principally luxury hotels, branded resorts, and villa developments — reflecting the program's emphasis on tourism and hospitality assets. The IMA's official page confirms that nearly all approved projects are real estate developments in these categories.
Program scale and fiscal impact have been substantial in recent years. Public reporting indicates Grenada earned over EC$380 million from the CBI program in 2023, while a 2025 report noted a year-on-year revenue decline of EC$90 million with the CBI segment identified as a key contributor to the drop. These figures underscore both the program's macroeconomic relevance and its sensitivity to policy and market conditions.
Investors considering real estate should focus on the IMA's approved roster and conduct independent asset and market due diligence in addition to the government's vetting. The official IMA portal is the authoritative starting point for the current list of projects.
Return on Investment: Passport Benefits
Grenadian citizenship is sought after for its mobility and U.S. access advantages:
- Visa-free/visa-on-arrival access to 140+ destinations, improving travel flexibility for business and leisure.
- Eligibility for the U.S. E‑2 Investor Visa category via treaty access unique among Caribbean CBI countries, enabling qualifying Grenadian citizens to pursue investment-led entry to the U.S. subject to U.S. consular adjudication.
For families diversifying their mobility and planning cross-border ventures, these benefits can be strategically paired with the right investment route. Many clients also coordinate second citizenship planning with residency or business establishment in other jurisdictions.
Conclusion
Grenada's citizenship by investment program in 2025 remains a pragmatic second-passport solution, with clear official thresholds under the NTF and approved real estate routes, strong travel privileges, and the standout U.S. E‑2 treaty access. Investors should anchor decisions to the government's Schedule of Fees and the IMA's approved project list, then layer independent due diligence for asset selection and family planning. To discuss structuring options that align with your goals, contact our team.
