Grenada citizenship by property investment: full investor’s guide

Grenada citizenship opens up a wide range of opportunities for investors and their families. Here are the key benefits that make the Grenada passport an attractive option.

1. Visa-free travel

Investors with Grenada passports visit 144 countries, including the Schengen states, the UK, Singapore, and Hong Kong. Grenada citizenship allows visa-free entry to China — you can stay there up to 30 days a year.

2. Long-term visas to the USA

Grenada nationals can obtain an E-2 business visa to the United States to live and work there. This is a non-immigrant visa, which means that it does not lead to a Green Card. An E-2 visa requires a substantial investment of at least $100,000.

Aside from that, investors with a Grenada passport can also apply for a B-1/B-2 visa — a long-term tourist visa, which is issued for up to 10 years.

3. Tax optimisation

The Grenada government is interested in attracting foreign investors and for that reason the state has created an attractive tax system for business people and high-net worth individuals.

Grenada tax residents do not pay taxes on worldwide income, dividends received in other countries, interest, and royalties. There are no taxes on inheritance, capital gains, and wages, as well as stamp duty. Property tax rate is 0.5%[1].

4. Zero residency or physical presence requirements

When getting Grenada citizenship by investment, the applicant does not need to travel to the country at any moment of the application process. The passport and certificate of naturalisation are sent by mail.

Investors are also not required to move to Grenada after becoming a national — although it can unlock some additional benefits, such as tax residency.

5. Reliable and returnable investments

To participate in the citizenship program, foreigners purchase a property approved by the state — either a share at a hotel or a residential villa. The government of Grenada checks properties to protect investors from unscrupulous developers.

5 years after obtaining citizenship investors can resell the investment real estate and return the capital while keeping their new passport.

6. Can be extended to family members

An investor obtaining Grenada citizenship can provide a second passport to their family members as well. The list of eligible relatives includes a spouse, children under 30, parents, grandparents, and unmarried siblings over 18. This allows several generations to benefit from one investment.

7. Registration for a company abroad

With a Grenadian passport, investors can register their business in Grenada instead of their country of first citizenship.

This option may reduce tax payments and eliminate currency control restrictions in transactions with foreign partners. It also enhances privacy, as the personal data of the beneficial owner is not disclosed in the commercial register.

8. Dual citizenship is allowed

Grenada permits holding more than one passport, which means that investors do not need to renounce their first citizenship, as long as it isn’t required by their country of origin.

9. Safe haven

Grenada offers a secure and politically stable environment. In uncertain times, citizenship provides an alternative place of residence and a backup plan for the future.

Investors with a Grenada passport can travel to the island and reside there at any time, even when the borders are closed.

Real estate purchase is one of the options provided by the Grenada citizenship by investment program.

In total, the program offers two investment options. In addition to a real estate purchase, investors can contribute to the state fund.

The contribution is less than investment in real estate — $235,000 versus $270,000. However, the contribution is irrevocable, and real estate can be sold in 5 years and return the investment.

Grenada’s program has been running since 2013. Over the years, real estate investment has been a more popular option. In the first quarter of 2025, over 70% of successful applicants chose to buy property over donation [2].

Foreigners cannot buy any property in Grenada for $270,000 and get citizenship. Only specific types of real estate qualify as an investment for a Grenada passport. Each type has its own investment threshold.   

Share in a hotel — $270,000+. Investors can buy Grenada real estate in share ownership and get citizenship. If there are at least two foreigners making a joint investment, then the threshold is $440,000. The property must be included in the list of real estate approved by the Grenada government.

In return, investors receive Grenada passports, passive income from rent and can rest in a hotel for one to two weeks a year.

Apartments and villas in Grenada are bought by investors who want to buy housing in full ownership. In this case, the costs will be from $350,000, which is an approximate apartment price.

Investors often rent out the property to students and tourists who come to Grenada all year-round. The highest demand is for apartments with one or two bedrooms. A management company usually services Grenada real estate, the service contract is concluded remotely. Renting real estate brings the owner 3—5% per annum.

Foreigners over 18 years of age who can fulfil the investment conditions, confirm the legality of their income and absence of criminal records and serious illnesses can obtain Grenada citizenship by buying property.

Investors can include in the application:

• spouses;
• children under 30 years, if they are financially dependent on the investor or their spouse;
• parents and grandparents, financially dependent on the investor or their spouse;
• siblings who have reached the age of 18 and are not yet married.

The family composition changes the total cost of obtaining Grenada citizenship. In addition to the cost of housing, the investor pays Due Diligence, administrative, passport, and bank fees and pays for legal support.

While the island of Grenada is compact, demand patterns differ across districts. The most attractive areas that also align with the requirements of the citizenship by investment program are Grand Anse and Morne Rouge, St George’s and Port Louis Marina, Lance aux Épines, Egmont and Westerhall, La Sagesse, and Carriacou.

The right choice depends on whether the goal is steady rental income, lifestyle use, or long-term capital growth. 

Grand Anse and Morne Rouge

Grand Anse is Grenada’s flagship beach and a prime location for resorts and branded residences, suitable as an investment for citizenship. Its high profile and year-round visitor numbers support strong short-term rental strategies. 

Next to Grand Anse, Morne Rouge offers a quieter setting with family-friendly appeal. Together, these bays balance high rental demand with strong resale potential.

St George’s and Port Louis Marina

Close to the capital, Port Louis Marina attracts yachting visitors and international investors. 

Approved developments here include serviced apartments and waterfront projects ideal for buyers seeking a lock-up-and-leave property. Strong tourism infrastructure and proximity to the city’s harbour broaden both rental demand and resale liquidity.

Lance aux Épines

This upscale residential peninsula combines privacy with convenience. 

While many homes are luxury villas, the boutique developments in this area provide investors with both lifestyle value and rental flexibility. Its proximity to marinas and restaurants makes it particularly attractive to long-term buyers.

Egmont and Westerhall

These coastal neighbourhoods offer space, privacy, and sea views. 

Government-approved developments in Egmont, in particular, have gained attention as managed residential communities with good transport links to the airport and Grand Anse. Investors here typically look for family villas with mid- to long-term value growth.

La Sagesse, St David

La Sagesse has become a focal point for real estate investments thanks to branded resorts such as Six Senses La Sagesse and the upcoming InterContinental. Residences linked to these resorts are government-approved and combine lifestyle appeal with international marketing, ensuring strong exit prospects in 5 years.

Carriacou

Carriacou offers eco-luxury opportunities for buyers prioritising privacy. While less developed, select boutique projects around Hillsborough provide unique positioning for eco-tourism rental strategies, particularly appealing to investors seeking differentiation.

Grenada real estate expenses are not only the cost of the property itself but also additional fees. These include fees for contract registration and legal support, and licences for the right to own land. 

Investors who buy real estate under the citizenship investment program are exempt from the licence fee.

Return on investment in real estate. Grenada real estate citizenship program investors can sell real estate on the island 5 years after obtaining citizenship. During this time, housing will rise in price — the annual increase in real estate prices ranges from 2 to 4%.

When selling real estate, the investor will need to pay a tax on the transfer of ownership: the rate for Grenada citizens is 5%. There is no capital gains tax in Grenada.

Applicants need to prepare a package of personal, legal, and financial documents. Most papers must be notarised or certified and translated into English if issued in another language. The core set includes:

1. Valid international passport. 
2. National ID card or internal passport. 
3. Residence permits, if any.
4. Birth certificate.
5. Marriage, divorce, or name change certificates, if applicable.
6. Military records, if applicable. 
7. Education certificates or student letters, if applicable. 
8. Passport-size photos
9. Police clearance certificate. 
10. Recent utility bill or other confirmation of residence address
11. Proof of source of funds: income certificates, tax returns, corporate documents. 
12. Bank statement for the last 12 months. 
13. Bank reference letter. 
14. Professional recommendation. 
15. Licences or certificates of translators, notaries, or attorneys involved in certification.

Before applying, it’s crucial to understand the legal, procedural, and practical nuances of Grenada’s citizenship by investment program. While the benefits are significant, several important factors can affect eligibility, application success, and acquired privileges.

Program rules are subject to change 

Amendments can raise investment thresholds, alter fees, or adjust procedures. Updates introduced in July 2024 already increased minimum investment levels, showing how quickly conditions may shift. Continuous monitoring of official circulars is essential.

The good news is that most changes are not retrospective: an investor who has already obtained their citizenship won’t have to meet new requirements. 

It’s possible to apply only with a licensed agent 

The law requires applications to file applications through authorised Grenadian agents. Unlicensed intermediaries cannot interact with the Citizenship by Investment Unit, leaving applicants exposed to wasted time, money, and possible refusal.

Immigrant Invest is a licensed agent. We ensure that our client’s application complies with the program’s rules and help them obtain their second citizenship as fast as possible.

Citizenship can be withdrawn in rare cases 

Passports obtained through fraud, false statements, or non-compliance with obligations have been revoked. Every disclosure must be accurate, and compliance must be maintained throughout the process.

Eligibility for the E-2 visa to the US is not automatic. 

Grenadian citizenship provides access to apply but not a guarantee of success. A substantial investment in a genuine US business and proof of active management are required, and approval remains at the discretion of US consular officers. 

Grenada nationals who obtained citizenship by investment must prove that they have continuously lived in the country for at least 3 years.[3]

Tax and legal status remain separate 

Grenadian citizenship alone does not establish tax residency, therefore does not grant tax advantages automatically. Investors looking to benefit from all the perks of Grenada’s tax system have to obtain tax residence, which essentially means moving to the country long-term.

1. Grenada citizenship by investment can be obtained by purchasing property worth at least $270,000 for hotel shares or $350,000 for villas and houses.
2. All real estate must be government-approved to qualify under the program.
3. Property can be resold 5 years after citizenship is granted. Investors keep their Grenada passport and may recover part of the investment. 
4. An alternative investment option is a fund contribution of at least $235,000 — this is more affordable but does not allow return of capital.
5. Grenada passport offers visa-free travel to 140 countries, potential tax benefits, and a second passport for close family.

1. Source: Deloitte’s guide to Grenada tax system
2. Source: IMA Grenada Quarterly Statistics: Q1
3. Source: Immigration and Nationality Act (8 U.S.C. 1101(a)(15)(E))