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Grenada Citizenship by Investment: Cost, Requirements and Passport Process 2026
A single applicant pays USD 244,000 all in, and a family of four pays USD 257,000. Approval takes sixty business days, no visit to Grenada is required at any stage, and Grenada is the only Caribbean programme whose citizens can apply for a US E-2 treaty investor visa.
Is Grenada the right programme for you?
Grenada is the strongest Caribbean option for most applicants, and the only one with a route into the United States. It is closed to several nationalities and it sits inside the European Union’s phase-out request, both of which should be understood before committing.
Works well if
- You want a US presence: Grenada citizens can apply for an E-2 treaty investor visa after a qualifying residence period
- You are applying as a family: one contribution covers up to four people
- You cannot travel: no visit is required at any stage, and the interview is conducted remotely
- You want multi-generational inclusion: parents, grandparents and siblings are admissible
- You want speed with substance: sixty business days, with due diligence that will withstand scrutiny
Does not work if
- You hold Russian, Belarusian or North Korean nationality: these are ineligible
- Schengen access is your sole objective: the European Union has asked the Caribbean programmes to close by 1 June 2028
- You want the cheapest route: Sao Tome and Principe and Vanuatu are materially less expensive
- Your source of funds cannot be documented: due diligence is thorough and fees are not refunded on refusal
The three qualifying routes
Thresholds are set by the Citizenship by Investment (Amendment) Regulations 2024, in force since 1 July 2024.
| Route | Minimum | Holding period | Covers |
|---|---|---|---|
| National Transformation Fund contribution | $235,000 | Not applicable | Single applicant or family up to four |
| Approved real estate, shared project | $270,000 | 5 years | Plus a $50,000 government contribution |
| Approved real estate, sole ownership | $350,000 | 5 years | Plus a $50,000 government contribution |
The National Transformation Fund is a non-refundable contribution and is the route most applicants take. The real estate routes cost more in total once the mandatory government contribution is added, and carry resale risk at the end of the five-year holding period. They suit applicants who want an asset rather than a donation.
What the real estate route actually costs
A shared project share at USD 270,000 plus the USD 50,000 government contribution puts the minimum at USD 320,000 before fees, against USD 235,000 on the fund route. The difference of USD 85,000 buys an asset with an uncertain resale market. Approved Caribbean CBI real estate has historically been difficult to sell at the purchase price, because the pool of onward buyers is largely limited to the next round of applicants.
What Grenada costs, by family composition
The contribution is only part of the total. Application, processing and due diligence fees are charged per person and are not refunded if the application is refused.
| Fee | USD | Basis |
|---|---|---|
| National Transformation Fund contribution | 235,000 | Single applicant or family up to four |
| Application fee | 1,500 | Per applicant, non-refundable |
| Processing fee, aged 17 and over | 1,500 | Per person, non-refundable |
| Processing fee, under 17 | 500 | Per person, non-refundable |
| Due diligence fee | 6,000 | Per person aged 17 and over, non-refundable |
| Government contribution | 50,000 | Real estate route only |
Total cost by composition, fund route
| Composition | Contribution | Fees | Total |
|---|---|---|---|
| Single applicant | 235,000 | 9,000 | 244,000 |
| Applicant and spouse | 235,000 | 18,000 | 253,000 |
| Two adults, two children under 17 | 235,000 | 22,000 | 257,000 |
Families of five or more carry an additional contribution per dependant beyond the base four. Published figures for those additional amounts vary between sources and are not confirmed on the agency’s own fee schedule, so we do not state them here. We confirm them in writing with the agency before quoting any family of five or more.
Compare with the other programmes
What is actually at risk before approval
Application, processing and due diligence fees are paid on submission and are not returned if the application is refused. For a family of four that is USD 22,000. The USD 235,000 contribution is paid only after approval in principle, so the contribution itself is not exposed. Anyone with a prior refusal, a complex source of funds position, or a nationality on a restricted list should resolve that before submitting.
Professional fees are not shown on this page. They depend on family composition, nationality and the complexity of the source of funds position, and are set out in writing before any engagement begins.
Grenada citizenship by investment requirements
The requirements fall into four parts: your nationality must not be restricted, you must be over eighteen, your family must meet the dependency criteria, and your source of funds must be documented to the standard the agency expects. Most refusals turn on the last of those rather than the first three.
Nationality restrictions
Nationals of Russia, Belarus and North Korea are ineligible. Nationals of Iran, Afghanistan, Sudan and Yemen may be considered on a conditional basis, generally requiring that the applicant emigrated before the age of eighteen and has held long-term residence in an approved jurisdiction with no remaining economic ties to the country of origin.
Grenada’s restricted-nationality position is applied through agency practice and processing suspensions rather than a single published exclusion order of the kind St Kitts and Nevis issued in 2023. We confirm the current position for a specific nationality with the agency before any fee is paid.
Who can be included in the application
The main applicant must be at least eighteen. There is no maximum number of dependants, though each person beyond the base four carries an additional contribution and their own fee layer.
Documents you will need
From first assessment to passport
Grenada targets approval within sixty business days of submission. There is no expedited service, and the timeline depends on how clean the due diligence file is.
Preliminary assessment
We check nationality, family composition and background against Grenada’s rules before any fee is paid. This is where an unsuitable application should be stopped.
Source of funds preparation
Documentary evidence of how the funds were earned or acquired. This is the most common cause of delay and the stage that most rewards preparation.
Submission through a Local Agent
Grenada accepts applications only from licensed Local Agents. Direct applications are not accepted, and investment payments route through the agent’s escrow account.
Due diligence and remote interview
Conducted by the Investment Migration Agency with an external screening provider. The interview is held online as part of this stage.
Approval in principle
The agency confirms the applicant has passed due diligence and invites payment of the contribution. Target is sixty business days from submission.
Contribution payment
The USD 235,000 is paid at this point, after approval, which is what keeps the contribution itself off the table if the file is refused.
Certificate and passport
The certificate of registration is issued and the passport follows. No visit to Grenada is required at any point in the process.
Where the Grenada programme stands in September 2026
The programme is open and processing normally. Two developments should factor into a decision made this year.
The European Union phase-out request
Letters were sent to the five Eastern Caribbean states on 25 June 2026 requesting that the programmes be phased out, with a transition period ending 1 June 2028. This follows Regulation (EU) 2025/2441, in force since 30 December 2025, which makes operating an investor citizenship scheme a self-standing ground for suspending visa-free access. No programme has closed and no Schengen access has been suspended. Grenada retains visa-free access to the Schengen area and the United Kingdom.
Domestic legislative reform
Grenada’s Finance Minister announced in December 2025 an intention to repeal and replace the Citizenship by Investment Act during 2026, ahead of the new regional regulator. Due diligence fees are expected to rise by roughly USD 2,500 to 3,000 per applicant when the changes take effect. Applicants who are ready should factor that into timing.
What this means in practice
A Grenadian citizenship granted today is permanent and is not affected by the programme later closing to new applicants. What carries risk is the visa-free access attached to it, which is decided by the European Union rather than by Grenada. If Schengen access is the whole reason for applying, that risk needs pricing in. If the objective is a stable second nationality, E-2 eligibility, banking access or a base outside a single jurisdiction, the position is considerably more robust.
The Grenada passport, travel access and the E-2 route
How to get a Grenada passport
There are three routes to a Grenada passport. You can qualify by descent if a parent or grandparent was Grenadian, by naturalisation after a qualifying period of residence in Grenada, or through the Grenada CBI programme. Citizenship by investment is the only one of the three that requires no residence and no relocation, which is why it is the route most international applicants use.
Under the investment route the passport is issued after the certificate of registration, once the contribution has been paid and citizenship granted. Grenada permits dual citizenship, so you do not renounce your existing nationality to hold a Grenadian one. Whether your own country permits you to hold both is a matter for its nationality law, not for Grenada, and should be checked first.
Grenada passport travel access
A Grenada passport carries visa-free or visa-on-arrival access to a broad range of destinations including the Schengen area, the United Kingdom and China. Access is set by each destination country, changes over time, and should be confirmed for your specific travel plans rather than relied on from any published count. Renewals are handled through the Grenadian passport authority and do not require you to relocate.
The US E-2 treaty investor visa
Grenada is the only Caribbean citizenship by investment programme whose citizens can apply for a US E-2 treaty investor visa. This is a renewable non-immigrant visa allowing you to live in the United States while directing a substantial business investment there. It is not a green card and it is not automatic.
Since the FY2023 National Defense Authorization Act, an applicant who acquired citizenship by investment must have been domiciled in the treaty country for at least three years before the E-2 application. Anyone acquiring Grenadian citizenship specifically for E-2 purposes should plan around that requirement from the outset.
Tax
Grenada does not tax worldwide income of non-residents, and has no wealth, inheritance or capital gains tax. Acquiring citizenship does not by itself change your tax residence, and for a United States citizen it changes nothing until expatriation. Establish your position with a qualified adviser in the relevant jurisdictions before applying, not after.
How Sovera handles a Grenada application
We run the preliminary assessment, prepare the source of funds file to the standard the agency expects, manage document collection across jurisdictions, and submit through a licensed Local Agent in Grenada. Where a programme is unsuitable, we say so before any fee is paid rather than after.
Sovera Global L.L.C-FZ is a licensed corporate services provider regulated in the Meydan Free Zone, Dubai, and supervised by the UAE Ministry of Economy under Commercial Licence 2531729. We are not a licensed Local Agent or International Marketing Agent of the Investment Migration Agency of Grenada. Applications are prepared by us and submitted through a licensed Local Agent. All approvals are at the sole discretion of the Government of Grenada and are subject to due diligence. No outcome is guaranteed and no timeline is promised. Nothing on this page is legal or tax advice.
Grenada citizenship by investment: frequently asked questions
How much does Grenada citizenship by investment cost in total?
A single applicant on the National Transformation Fund route pays USD 244,000, made up of a USD 235,000 contribution plus USD 9,000 in application, processing and due diligence fees. A family of four pays USD 257,000. Professional fees are additional and are quoted in writing before engagement.
Do I need to visit Grenada?
No. There is no visit requirement at any stage. The interview that forms part of due diligence is conducted online.
How long does the process take?
The Investment Migration Agency targets approval within sixty business days of submission. There is no expedited service. Timelines depend on the quality of the due diligence file.
Can Russian citizens apply for Grenada citizenship?
No. Russian, Belarusian and North Korean nationals are ineligible. Applicants holding those nationalities should look at Turkey, Vanuatu or Sao Tome and Principe, or at residency routes such as the UAE Golden Visa.
Can I include my parents and siblings?
Yes. Grenada admits parents, grandparents and siblings subject to financial dependency criteria, which is broader than most Caribbean programmes. Each person beyond the base family of four carries an additional contribution.
What is the E-2 visa and how does Grenada qualify?
Grenada holds a treaty with the United States that allows its citizens to apply for an E-2 treaty investor visa, a renewable non-immigrant visa for those directing a substantial US business investment. Since the FY2023 National Defense Authorization Act, an applicant who obtained citizenship by investment must have been domiciled in Grenada for at least three years before applying.
Is the real estate route better than the fund?
Usually not, on cost. The fund route is USD 235,000 while the cheapest real estate route is USD 270,000 plus a mandatory USD 50,000 government contribution, so USD 320,000 before fees. The real estate route gives you an asset, but Caribbean CBI real estate has historically been difficult to resell at the purchase price.
What happens to my citizenship if the programme closes?
A citizenship already granted is permanent and is not withdrawn if the programme stops accepting new applications. What could change is the visa-free access attached to the passport, which is decided by destination countries rather than by Grenada.
Will my application be refused if I was refused a visa before?
Not necessarily, but it must be disclosed. Non-disclosure of a prior refusal is treated more seriously than the refusal itself, and Caribbean units share denied-applicant data with each other through a regional mechanism.
How do I get a Grenada passport?
There are three routes: by descent if a parent or grandparent was Grenadian, by naturalisation after a qualifying period of residence in Grenada, or through the citizenship by investment programme. The investment route is the only one that requires no residence and no relocation, which is why most international applicants use it.
Does Grenada allow dual citizenship?
Yes. Grenada permits dual citizenship and you do not renounce your existing nationality. Whether you are allowed to hold both is determined by the nationality law of your existing country, not by Grenada, so check that position before applying.
What are the requirements for Grenada citizenship by investment?
You must be at least eighteen, hold a nationality that is not restricted, make a qualifying investment of at least USD 235,000 to the National Transformation Fund or USD 270,000 in approved real estate plus a USD 50,000 government contribution, pass due diligence, and document your source of wealth and source of funds. Dependants must meet the agency’s dependency criteria.
Which countries can I visit with a Grenada passport?
A Grenada passport carries visa-free or visa-on-arrival access to a broad range of destinations including the Schengen area, the United Kingdom and China. Access is set by each destination country and changes over time, so confirm the position for your specific travel plans rather than relying on any published count.
Is a Grenada passport worth it?
It depends on your objective. If you want a route into the United States through the E-2 treaty investor visa, Grenada is the only Caribbean programme that offers it and there is no substitute. If you want the lowest cost, Sao Tome and Principe and Vanuatu are materially cheaper. If your only reason for wanting what the market calls a second passport is Schengen access, factor in the European Commission’s request that the Caribbean programmes be phased out by 1 June 2028.
Can I get a Grenada passport by descent instead of by investment?
Yes, if a parent or grandparent was Grenadian. Citizenship by descent involves no investment and no contribution, only documentary proof of the family connection. If that route is open to you it is almost always the better one, and we will tell you so rather than sell you an application you do not need.
Is Grenada better than St Kitts and Nevis?
Grenada costs $235,000 against $250,000 for St Kitts and Nevis, admits siblings in addition to parents and grandparents, and is the only Caribbean programme with US E-2 treaty access. St Kitts and Nevis is older, established in 1984, and carries slightly broader travel access. Both exclude Russian and Belarusian nationals. On value, Grenada wins; on prestige and travel breadth, St Kitts.
How does Grenada compare with Vanuatu or Sao Tome and Principe?
Vanuatu at $130,000 and Sao Tome and Principe at $90,000 are considerably cheaper and faster, and both remain open to Russian nationals. Neither has visa-free access to the Schengen area or the United Kingdom, and Vanuatu lost its EU access permanently in December 2024. Grenada costs more and takes longer but carries far broader travel access and the E-2 route.
Is the Grenada real estate route worth the extra cost?
Usually not on cost alone. The fund route is $235,000 while the cheapest real estate route is $270,000 plus a mandatory $50,000 government contribution, so $320,000 before fees. Real estate gives you an asset rather than a donation, but Caribbean citizenship-by-investment property has historically been difficult to resell at the purchase price because the buyer pool is largely the next round of applicants.
Comparing options? See the full citizenship by investment overview for all five active programmes and their costs.
Grenada is one of five active programmes. Compare all of them on our citizenship by investment overview, or see the full cost comparison and nationality restrictions by programme. Clients often combine citizenship with a corporate structure: see company formation, Dubai company formation, business banking and nominee services.
Find out whether Grenada accepts your file
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