Grenada Citizenship by Investment: Real Estate PathwayTropical investment haven withvisa-free travel benefits

Citizenship in Grenada, Real estate Pathway

Why people seek residence and citizenship in Grenada

Grenada’s Citizenship by Investment Program has made it one of the most sought-after options for high-net-worth individuals exploring a residence permit in Grenada and an additional international travel document. Nestled in the southeastern Caribbean, Grenada offers a stable democratic government, English as the official language, and a robust legal framework based on English common law. The program allows applicants to support the development of the island through real estate investment or contribution to the National Transformation Fund, with citizenship granted in approximately four to six months. Beyond the expedited timeline, Grenadian citizenship provides visa-free or visa-on-arrival entry to over 140 countries, including China, the Schengen Area, and the United Kingdom. The tropical climate, pristine beaches, and eco-tourism opportunities attract those seeking both personal and investment returns, while the absence of personal income tax and favorable corporate regulations create an ideal environment for asset protection. These combined benefits—global mobility, economic incentives, and high quality of life—drive demand for citizenship by investment in Grenada among entrepreneurs, executives, and families worldwide.

Types of residence permits and citizenship programs

Although Grenada does not offer a traditional work or family-based residence permit, its Citizenship by Investment Program is the primary pathway to legal residency and citizenship, structured around two main options:

• National Transformation Fund (NTF) Donation: A non-refundable contribution of USD 150,000 for a single applicant or USD 200,000 for a family of up to four, payable into a government fund supporting social and economic projects across the island. This route grants immediate access to citizenship, enabling applicants to secure a second passport in Grenada strictly through philanthropy.
• Real Estate Investment: Acquisition of approved government-designated real estate projects—such as luxury resorts, villas, or hotel developments—for a minimum of USD 350,000. The property must be held for at least five years, with an option to resell thereafter. This avenue not only secures citizenship but also provides a tangible asset in a growing tourism market.

Both options require due diligence, medical clearance, and a clean criminal record. While there is no distinct permanent residence Grenada permit outside these pathways, successful applicants and their qualifying dependents immediately obtain full citizenship and all associated rights, including the ability to sponsor extended family members under specific conditions.

Requirements and application process

The application process for Grenada citizenship by investment is designed to be transparent and efficient, typically completed within six months. Key requirements and steps include:

• Eligibility Criteria: Applicants must be at least 18 years old, possess valid international passports, demonstrate law-abiding conduct, and have no prior visa denials for Commonwealth or Schengen countries. Background checks include local and international law enforcement clearances, employing third-party due diligence firms.
• Application Submission: Engage a licensed agent to prepare and submit Form C24 along with supporting documents—copies of passports, birth certificates, marriage certificates (if applicable), medical reports, and police clearances. The agent liaises with Grenada’s Citizenship by Investment Unit to coordinate due diligence and compliance.
• Investment or Donation: Upon provisional approval, applicants transfer the required funds—either the NTF donation or real estate purchase deposit—to government escrow or project developers. Real estate investors execute a purchase agreement and pay the minimum investment sum.
• Approval and Oath: After governmental review and Cabinet endorsement, the Citizenship by Investment Unit issues a Certificate of Registration. Applicants and approved dependents take the Oath of Allegiance at a formal ceremony, after which they receive full Grenadian passports.
• Timing and Fees: From initial application to passport issuance typically spans 4–6 months. Government processing fees range from USD 50,000 for a single NTF applicant to USD 75,000 for a four-member family. Real estate applications incur additional due diligence fees and registration charges per government schedule.

Legal framework and government policies

Grenada’s citizenship program operates under the Grenada Citizenship by Investment Act and associated regulations, establishing transparent standards and oversight mechanisms:

• Legislative Authority: The Citizenship by Investment Act provides the legal basis for granting citizenship in exchange for economic contributions, empowering Cabinet to approve applicants based on recommendations of the Citizenship by Investment Committee.
• Regulatory Oversight: The Citizenship by Investment Unit, part of the Ministry of Finance, manages applications, monitors compliance, and enforces anti-money laundering measures consistent with Financial Action Task Force (FATF) recommendations.
• Due Diligence Requirements: Mandatory vetting by international law-enforcement agencies and licensed due diligence firms ensures the program excludes individuals posing security, reputational, or financial integrity risks.
• Investment Safeguards: Real estate investments are constrained to government-approved projects, protecting applicants’ capital and ensuring contributions support sustainable tourism and development initiatives.
• Policy Updates: Periodic amendments refine contribution levels, eligible projects, and processing timelines to remain competitive among Caribbean citizenship programs, balancing investor interests with national development goals.

Lifestyle, mobility, and long-term benefits

Citizens of Grenada enjoy a wide range of lifestyle and mobility advantages that extend beyond the island’s borders:

• Global Mobility: Grenadian passport holders travel visa-free or visa-on-arrival to over 140 countries, including Schengen states, the United Kingdom, China, Singapore, and the United Arab Emirates—enhancing business, education, and leisure opportunities worldwide.
• Tax Neutrality: No personal income, wealth, inheritance, or capital gains taxes are levied on foreign-sourced income, allowing efficient asset structuring and wealth preservation. Corporate taxes are competitive and apply primarily to locally generated profits.
• Quality of Life: Residents enjoy a tropical climate, pristine beaches such as Grand Anse, and a low-density population. English-medium schools, modern healthcare facilities, and reliable utilities support expatriate families and retirees.
• Economic Opportunities: Citizenship enables unhindered property ownership, business registration, and participation in Grenada’s growing tourism, renewable energy, and agribusiness sectors. Real estate investments yield rental income and capital appreciation in a strengthening Caribbean market.
• Regional Advantages: Grenada’s strategic location within the Organization of Eastern Caribbean States (OECS) allows free movement among member states under the OECS Shared Visa policy, further extending residents’ travel freedom across the Eastern Caribbean.

How VelesClub International helps

VelesClub International provides end-to-end, bespoke services guiding clients through every phase of the Grenada citizenship by investment in Grenada process:

• Program Selection: We analyze your objectives—global mobility, tax planning, family security—to recommend the optimal pathway, whether through the NTF donation or real estate investment.
• Due Diligence & Documentation: Our experts coordinate with licensed agents and international vetting firms to assemble required documentation, manage background investigations, and ensure compliance with government standards.
• Investment Execution: We liaise directly with government escrow accounts or approved real estate developers, streamlining fund transfers, purchase agreements, and payment scheduling.
• Application Management: From Form C24 preparation to submission and liaison with the Citizenship by Investment Unit, we oversee each step—provisional approval, Cabinet consent, Oath ceremony—to secure timely citizenship.
• Post-Citizenship Support: We assist with passport collection, family inclusion, dual-citizenship registration, and relocation logistics—housing, schooling, banking—ensuring a seamless transition to life as a Grenadian citizen.