Grenada · Citizenship by investment
Grenada Citizenship by Investment Programme
Open. Repriced with effect from 1 July 2024 by the Grenada Citizenship by Investment (Amendment) (No. 2) Regulations 2024 (SRO 15 of 2024), made under the Grenada Citizenship by Investment Act No. 15 of 2013. Administered by the Investment Migration Agency (IMA), which replaced the former CIU on 25 March 2024. Grenada was not named in the December 2025 US travel proclamation. ECCIRA, the new regional regulator, will be headquartered in Grenada.
Grenada is the only CBI country with a US E-2 treaty, and the E-2 is the closest thing to a legal, renewable, indefinite US residence for a family who cannot get an EB-5 or a green card. It is also, and this is the part that gets buried, subject to a three-year domicile bar for anyone who bought the citizenship. Grenada's other quiet advantage is China: it is the only Caribbean CBI passport with visa-free access to mainland China, which matters more to some families than Schengen does.
Qualifying routes
Main applicant and up to three dependants — a single applicant pays the same as a family of four. Each additional dependant: USD 25,000. Dependent parent/grandparent: USD 50,000. Sibling: USD 75,000. Non-refundable. Of the USD 235,000, a minimum of USD 200,000 is retained by government and up to USD 35,000 is agent commission.
Minimum under Section 11. Plus a USD 50,000 government contribution. Five-year hold.
Per share, in the Tourism Accommodation priority sector, by two or more individuals, where the unit is valued at a total minimum of USD 540,000 and at least 20% equity of proposed construction cost has been invested in the project before submission. Plus a USD 50,000 government contribution.
The facts
- Minimum investment
- $235k
- Total landed cost
- NTF for a single applicant or family of four: USD 235,000 + due diligence USD 5,000 per person aged 17+ + application and processing fees of USD 1,500 each for adults (USD 500 each for minors), so roughly USD 245–255k for one person and USD 260–275k for a family of four before agent and legal fees. Realistically USD 265–300k all-in. The co-ownership real estate route at USD 270,000 plus the USD 50,000 government contribution lands above USD 330k all-in for a stake in a jointly-owned tourism unit.
- Timeline
- 4–9 months — 7 months average in Q4 2025. An invitation-only route is reported to deliver 3–4 months for vetted UHNW applicants. Application volume rebounded 122% in Q3 2025 and the rejection rate climbed to around 14% — by far the highest of the five, which is a due-diligence credit rather than a defect.
- Physical presence
- None required today. The regional ECCIRA 30-day rule would change this; commencement has slipped and was not confirmed in force as at July 2026.
- Family
- spousechildren under 18dependent children 18–30dependent parents and grandparentsdependent unmarried siblings
- Permanent residency
- n/a — citizenship is granted directly
- Citizenship
- Immediate on approval and payment; 4–9 months in practice
- Language test
- none
- Dual citizenship
- Permitted
- Requirements
- clean criminal recordverified lawful source of fundsmandatory interviewenhanced due diligence — Grenada's ~14% rejection rate is the region's highestapplication via an Authorised International Marketing Agent working with an Authorised Local Agentfor E-2 purposes only: three continuous years of domicile in Grenada after acquiring citizenship
- THE E-2 LIMIT — read this before anything else an agent tells you. Section 5502 of Public Law 117-263 (the FY2023 NDAA, signed 23 December 2022, effective 27 December 2022) amended INA §101(a)(15)(E) so that a person who acquired treaty-country nationality through financial investment cannot obtain an E-1 or E-2 visa until they have been DOMICILED in that country for a continuous period of not less than three years. Buying Grenadian citizenship does not give you an E-2; it gives you the right to move to Grenada, live there for three years, and then apply. 'Domicile' is stricter than residence — it means making Grenada your true, permanent home. Agents routinely sell 'Grenada = E-2' without this. It is the single most misrepresented fact in Caribbean CBI.
- Exceptions to the domicile bar: persons who obtained CBI citizenship BEFORE 27 December 2022 are not caught, and persons previously granted E-visa status are exempt. Nationality acquired other than by investment — birth, descent, marriage, ordinary naturalisation — is not caught either. If your client acquired Grenadian citizenship in 2021, they can file now; if they are buying it in 2026, the clock starts on domicile, not on the passport.
- The E-2 itself is a nonimmigrant visa. It is renewable indefinitely but confers no permanent residence and no path to a green card. It requires a substantial, at-risk, non-marginal investment in a real operating US business — there is no statutory minimum, but the investment must be substantial relative to the business and must generate more than a minimal living for the investor. Children age out of derivative status at 21. It is not an immigration solution; it is a business-operator visa.
- The EU's revised Visa Suspension Mechanism (Regulation (EU) 2025/2441, Article 8a(1)(e)) makes operation of the scheme itself a ground for suspending Schengen visa-free access, and the Commission's Eighth Report says the Eastern Caribbean states should vet applicants 'pending the discontinuation of those schemes'.
- Grenada's own official CBI website was still displaying a stale USD 150,000 minimum contribution when checked in July 2026 — a figure superseded on 1 July 2024. Even the government's own web estate is unreliable here. The binding numbers are in SRO 15 of 2024.
- The USD 235,000 NTF headline includes up to USD 35,000 of agent commission; only USD 200,000 reaches government. This is how the USD 200,000 OECS floor is satisfied. Understand what you are actually buying.
- The co-ownership real estate route requires the unit to be valued at a total minimum of USD 540,000 and carries a 20% developer-equity precondition. This was raised from USD 440,000 by SRO 15 within days of SRO 12. Verify the current SRO before relying on any figure.
- Grenada taxes residents at 10% on the first XCD 24,000 and 28% above it, with an XCD 36,000 personal allowance. Foreign-source income is not taxed. But citizenship alone creates no tax residency and no benefit.
- The OECD lists Grenada's CBI scheme as potentially high-risk for CRS circumvention.