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Citizenship by Investment - Real Estate

GrenadaInvestment

Explore the five recorded questions, answers and sources for this pathway.

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What investment option or options qualify?

This route requires an investment in a Government-approved project through an Authorised Local Agent; the programme states that most approved projects are real-estate developments such as hotels, resorts and villas.

See recorded sources

What official minimum amount, tier or threshold applies to each relevant option?

The general approved-project minimum is USD 350,000. A USD 270,000 minimum applies to each share in a tourism-accommodation unit bought by two or more individuals where the unit is worth at least USD 440,000 and the specified developer-equity condition is met. A separate USD 50,000 government contribution applies to the main applicant and up to three ordinary dependants.

See recorded sources
  • SRO 15 of 2024, Schedule I replacement table
    Approved Project Investment under Section Minimum of: 11 $350,000.00
  • SRO 21 of 2025, regulation 4(a)
    Purchase of a unit in an Approved Minimum of: Project under Section 11– $270,000.00 (for each share in the unit) (a) in the Tourism Accommodation priority sector; (b) by two or more individuals; and (c) valued at a total minimum of USD $440,000.00, where a minimum equity of– (i) in the case of a Grenadian Developer, 6%; or (ii) in the case of any other Developer, 20%, of the total cost of construction as proposed has been invested into the Approved Project prior to submission of the application to the Committee.
  • SRO 15 of 2024, approved-project government contribution
    Government Contribution for Approved $50,000.00 Project Investment under Section 11 Main Applicant and up to 3 dependants (excluding a dependant for the purposes of paragraph (f) or (g) of the definition of “dependant” under section 2 of the Act)

How long must the investment be maintained and what continuing ownership, investment or physical-presence conditions are important?

A person granted citizenship by investment in an approved project under section 11 shall not dispose of the investment for the purposes of subsection (4) of section 11 until five years have expired from the grant of citizenship. The official source does not state a physical-presence condition.

See recorded sources
Limits of the record
  • The restriction is tied to disposal 'for the purposes of subsection (4)'; the Act text cited here does not state an unconditional five-year holding rule.
  • The captured sources do not address physical-presence or other continuing ownership conditions.

Which family members can be included where officially stated, and what broad residence/work rights result?

The Act’s dependant definition includes qualifying children, parents or grandparents and siblings, subject to stated age, support and family-status conditions. The official sources do not separately state the outcome, residence rights or work rights for each dependant category included in a successful application.

See recorded sources
Limits of the record
  • The outcome and separate residence or work rights for each dependant category are not stated in the supplied sources.
  • Act 3 of 2019, section 2 dependant amendments
    “(c) a child of the main applicant or his or her spouse who is at least eighteen years and less than thirty years of age and supported by the main applicant or his or her spouse;”; (b) by repealing paragraph (e) and substituting therefor the following new paragraphs– “(e) a parent or grandparent of the main ap- plicant or his or her spouse above the age of fifty-five years fully supported by the main applicant or his or her spouse; (f) a parent or grandparent of the main ap- plicant or his or her spouse not exceed- ing the age of fifty-five years and fully supported by the main applicant or his or her spouse; (g) a sibling of the main applicant or his or her spouse, whether biological or adopt- ed, who is– (i) at least eighteen years; and (ii) single with no children; (h) a child born of the main applicant or his or her spouse within twelve (12) months 2019 Grenada Citizenship by Investment Act 3 31 (Amendment) of the grant of citizenship pursuant to this Act.”.

What status is obtained, how is it renewed, what longer-term residence/citizenship direction is officially stated, and what happens to the investment when relevant?

The status obtained is Grenadian citizenship: after approval, the applicant must demonstrate completion of the real-estate purchase and execution of the necessary documents; on proof of payment the CBIC issues a certificate of registration establishing citizenship, which the Authorised Local Agent uses to apply for a Grenadian passport. Where the vendor of real estate obtained citizenship through that same real estate, a purchaser may use it for a new citizenship application only if investing after the period specified in section 11(3).

See recorded sources
  • https://imagrenada.gd/becoming-a-citizen/
    If real estate is purchased, then the applicant must demonstrate completion, as well as the execution of all necessary documents. Upon receiving proof of payment, the CBIC issues the certificate of registration, establishing that the applicant has received Grenadian citizenship. Authorised Local Agents must use this certificate to apply for a Grenadian passport on behalf of the applicant.
  • https://imagrenada.gd/wp-content/uploads/2024/03/Act-No.-3-of-2019-Grenada-Citizenship-by-Investment-Amendment-Act.pdf
    (4) Where the investment into an approved project for the purposes of subsection (1) is purchase of real estate and the vendor was granted Citizenship under this section by virtue of purchase of the same real estate, the purchaser may make an application under subsection (1), if the purchaser makes the investment after the expiration of the period specified under subsection (3).

These are the answers currently recorded in the catalogue. A missing or partial answer is not an eligibility decision.

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