

Summary
Grenada offers one of the most accessible and attractive citizenship by investment programs in the Caribbean. Investors can obtain a Grenada passport by contributing to the country’s National Transformation Fund or by investing in government-approved real estate.
Although the contribution to the fund is a non-refundable donation, many investors still prefer this route. In 2024, nearly half of all applicants opted for it. In this article, we explain why: how the fund works, what the benefits are, and what makes it more appealing than real estate.
What is the Grenada National Transformation Fund?
The Grenada National Transformation Fund, or NTF, is a state fund that finances government-sponsored projects aimed at developing Grenada’s economy. It was established in the Public Finance Management Act, Cap 262B.
Foreign nationals can obtain Grenadian citizenship by making a non-refundable contribution to the NTF under the Grenada citizenship by investment program. It was launched in 2013 as part of the government’s efforts to stimulate sustainable development in key sectors of the economy.
How the NTF works. The fund is state-managed and channels foreign investment directly into national infrastructure projects, healthcare, education, tourism, and renewable energy initiatives.
In exchange for Grenada citizenship, applicants make a non-refundable contribution of at least $235,000 to the fund.

Over the years, the NTF has become a key source of non-tax revenue for the government, reflecting steady global demand for Grenada citizenship by investment
5 benefits of Grenada citizenship by investment
1. Global mobility . The Grenada passport grants visa-free or visa-on-arrival access to more than 140 countries, including the Schengen Area, the United Kingdom, China, and Singapore. This is ideal for frequent travellers and businesspeople.
2. Eligibility for US visas. Grenada citizens can apply for the US E‑2 business visa, which allows them and their families to live and work in the US. Investors become eligible after residing in Grenada for 3 years.
Grenadian citizens can also obtain a 10-year B‑1/B‑2 visa for tourism, medical treatment, and business visits, with stays of up to 180 days per year.
3. No physical residence required. Applicants are not required to live in Grenada before, during, or after the application process. There is no in-person interview or language test.
4. Tax optimisation . Grenada does not tax foreign income, wealth, inheritance, or capital gains. This benefits investors with international earnings.
5. Dual citizenship is allowed. Grenada permits dual and multiple citizenships. Applicants can keep their original passport and are not required to renounce any existing citizenship, provided their country of origin also allows dual nationality.
Why choose the NTF donation route?
The Grenada National Transformation Fund donation is the most direct and efficient option under the Grenada Citizenship by Investment Program. It suits applicants seeking a fast, low-maintenance, and cost-effective path to a second passport.
Simplicity and speed. The NTF requires a one-time, non-refundable contribution. There is no need to buy, manage, or resell property. Applications are typically approved within 8+ months.
Lower upfront cost. The minimum donation to NTF is $235,000 for a single applicant, a couple, or a family of up to 4 people.
The second investment option requires bigger expenses. The minimum real estate investment is $270,000 if at least two people invest in the same government-approved project and the combined amount totals $440,000 or more. If these conditions are not met, the minimum investment rises to $350,000, not including property-related fees.
No ongoing obligations. NTF contributors avoid maintenance fees, property taxes, and resale conditions. The donation is a one-time transaction with no future financial commitments.
Less in added costs. The NTF donation comes with fewer additional expenses compared to the real estate route. For both options, applicants must cover standard government fees, including Due diligence, interview, application, processing, and passport issuance.
However, the real estate option also involves an administrative fee, a share registration fee, and ongoing property-related costs such as maintenance and insurance.
On average, government fees for a single applicant under the NTF route total around $9,500, while for real estate investment, the total can exceed $70,500 due to extra charges.
NTF vs. real estate investment comparison
Grenada citizenship by NTF donation eligibility and expenses
To obtain Grenadian citizenship by investment in the National Transformation Fund, applicants must meet specific eligibility and financial requirements. The process is transparent and designed to maintain the integrity of the Grenada Citizenship by Investment Program.
Who can apply. The main applicant must be at least 18 years old and may include the following family members in the application:
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spouse of the opposite sex;
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financially dependent children under 30;
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financially dependent parents or grandparents of any age;
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financially dependent unmarried siblings over 18, with no children.
Eligibility requirements. The main applicant must have a legitimate source of income and no criminal record, visa or citizenship refusals, or serious health issues. They must also pass Due Diligence.
Minimum donation amount . The minimum donation to Grenada’s National Transformation Fund is $235,000. This amount covers the main applicant and up to three dependants — for example, a family consisting of the applicant, a spouse, and two children.
For families larger than four, or if certain types of dependants are included, the donation increases as follows:
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$25,000 for each child or a parent or grandparent over 55, starting with fifth family member;
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$50,000 for each parent or grandparent under 55, regardless of family size;
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$75,000 for each sibling, regardless of family size.
For example, a family of six — two parents, three children, and a grandmother over 55 — would pay $285,000 in total.
Other expenses. In addition to the donation, applicants must pay government fees. These include Due Diligence, interview, application and processing charges, passport issuance, and courier delivery.
The total cost depends on the number of applicants and their ages. Due Diligence and interview fees apply only to applicants over 17. The processing fee is $1,500 for adults and $500 for minors, while the passport issuance fee is $350 for adults and $250 for minors.
Expenses for obtaining Grenada passport for a single investor vs a family of four
Step-by-step application process for Grenada citizenship by National Transformation Fund donation
The application process for Grenadian citizenship via the National Transformation Fund donation is confidential and fully remote. Applicants do not need to visit Grenada at any stage. The full process typically takes around 8 months, from submission to passport delivery.
1 day
Preliminary Due Diligence
Immigrant Invest conducts internal checks to confirm the applicant meets the basic eligibility criteria. This step helps minimise the risk of rejection.
Immigrant Invest conducts internal checks to confirm the applicant meets the basic eligibility criteria. This step helps minimise the risk of rejection.
2+ weeks
Preparation of documents
Our lawyers provide a personalised checklist. The applicant collects and submits the necessary documents. We assist with notarisation, translation, apostilles, affidavits, and government forms.
The completed application is then submitted to Grenada’s Investment Migration Agency, or IMA.
Our lawyers provide a personalised checklist. The applicant collects and submits the necessary documents. We assist with notarisation, translation, apostilles, affidavits, and government forms.
The completed application is then submitted to Grenada’s Investment Migration Agency, or IMA.
3 to 6 months
Due Diligence by the IMA
The IMA conducts official Due Diligence checks after receiving the application.
Applicants over 17 must also attend an interview, which is held remotely in English or the applicant’s preferred language. The interview is virtual, and applicants do not need to be physically present.
The IMA conducts official Due Diligence checks after receiving the application.
Applicants over 17 must also attend an interview, which is held remotely in English or the applicant’s preferred language. The interview is virtual, and applicants do not need to be physically present.
Up to 1 month
Approval and fulfilment of investment condition
Once the IMA approves the application, they inform Immigrant Invest. At this stage, the applicant is invited to make the NTF donation.
The investment must be transferred by the due date specified in the approval letter. If payment is not made on time, a grace period of 30 to 60 days may be granted, though this is not encouraged by the IMA.
Once the IMA approves the application, they inform Immigrant Invest. At this stage, the applicant is invited to make the NTF donation.
The investment must be transferred by the due date specified in the approval letter. If payment is not made on time, a grace period of 30 to 60 days may be granted, though this is not encouraged by the IMA.
1+ month
Receiving a Grenada passport
The Grenada passport and naturalisation certificate are issued about 4 weeks after the donation is confirmed. Documents are delivered by courier or collected at Immigrant Invest’s office.
The Grenada passport and naturalisation certificate are issued about 4 weeks after the donation is confirmed. Documents are delivered by courier or collected at Immigrant Invest’s office.
Required documents for obtaining Grenada passport by investment
To apply for Grenadian citizenship through the National Transformation Fund, applicants must submit documents confirming their identity, source of funds, and family relationships. These documents ensure compliance with Grenada’s legal and security requirements.
Below is a list of standard documents required from the main applicant and accompanying family members:
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valid passport;
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birth certificate;
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marriage or divorce certificate, if applicable;
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recent passport-sized photos;
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bank statements;
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medical insurance for all applicants;
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police clearance certificate from the country of residence;
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an affidavit of support for dependents;
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education certificates;
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documents verifying the investment, such as an escrow agreement for the fund contribution.
All documents must be in English or translated into English. They must also be notarised and apostilled as required. The application form is filled in by the Immigrant Invest lawyers. Applicants only need to sign it.

Lyle Julien,
Investment programs expert
If the main applicant is married but does not include the spouse in the application, the application, processing, and Due Diligence fees totalling $8,000 must still be paid for the spouse.
The non-applicant spouse is also required to submit the full set of documents, regardless of whether they are included in the application.
Importantly, if the main applicant is granted citizenship and the spouse later decides to apply, there are no fast-track privileges.
Main takeaways about Grenada NTF donation as a path to citizenship
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Grenada citizenship by investment program allows foreign nationals to obtain citizenship through one of two options: a donation to the National Transformation Fund or investment in government-approved real estate.
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The NTF donation option is a more straightforward option. It involves a non-refundable contribution of at least $235,000 and comes with no property taxes and maintenance.
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The application process is fully remote and usually takes up to 8 months.
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Investors are not required to live in Grenada, take language tests, or attend interviews in person.
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Family members can be added to the application, including a spouse, children under 30, parents, grandparents, and unmarried siblings over 18.
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The programme allows visa-free access to over 140 countries, including China, the UK, and the Schengen Area.
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Grenada allows dual citizenship, so applicants can retain their original nationality.
Immigrant Invest is a licensed agent for citizenship and residence by investment programs in the EU, the Caribbean, Asia, and the Middle East. Take advantage of our global 15-year expertise — schedule a meeting with our investment programs experts.

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About the authors

Fact checked by Alevtina Kalmuk
Author and editor of articles about investment citizenship and residency
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