Grenada citizenship by investment runs on two qualifying routes, and the official 2026 entry price is US$235,000 as a contribution to the National Transformation Fund for a main applicant with up to three dependants. The alternative is an investment of at least US$350,000 in a government-approved project, or US$270,000 for a share in a unit in a tourism accommodation project held by two or more individuals, and on the project route the government charges a separate contribution of US$50,000 on top. Parents, grandparents and adult siblings are priced individually at US$50,000 and US$75,000 each. An approved-project investment cannot be disposed of for five years from the grant of citizenship. Grenada is the only Caribbean citizenship by investment country listed by the United States Department of State as an E-2 treaty investor country, with the treaty in force since 3 March 1989, and United States law now asks a citizen by investment for three years of domicile in Grenada before that listing can be used.
Every Grenada figure below is taken from the country’s own gazetted legislation, first retrieved from the Government of Grenada law repository on 23 August 2026 and read again on 30 September 2026. The controlling instrument on amounts is the Grenada Citizenship by Investment (Amendment) (No. 2) Regulations, 2024, Statutory Rules and Orders No. 15 of 2024, gazetted 28 June 2024 and in force from 1 July 2024, which repealed and replaced the equivalent instrument issued two days earlier. The governing statute is the Grenada Citizenship by Investment Act No. 15 of 2013 as amended. Where a figure is not in one of those, it is not on this page.
The two qualifying routes
National Transformation Fund
A contribution to the fund established under the Public Finance Management Act. Schedule I as replaced in 2024 sets it out this way.
| Contribution | Amount |
|---|---|
| Main applicant and up to three dependants, excluding a dependant under paragraph (f) or (g) | US$235,000 |
| Each additional dependant beyond three, excluding paragraph (f) and (g) dependants | US$25,000 |
| Each paragraph (f) dependant | US$50,000 |
| Each paragraph (g) dependant | US$75,000 |
The paragraph references are to the definition of dependant in section 2 of the Act, and they matter more than anything else on this page for a multi-generational family. Paragraph (f) is a parent or grandparent of the main applicant or of the spouse who does not exceed fifty-five years of age and is fully supported. Paragraph (g) is a sibling of the main applicant or of the spouse, biological or adopted, who is at least eighteen and single with no children. Those two categories sit outside the US$235,000 band entirely and are charged per head.
Approved project investment
Schedule I sets a minimum of US$350,000 for an approved project investment under section 11 of the Act. There is a second, lower entry: the purchase of a unit in an approved project in the tourism accommodation priority sector, by two or more individuals, where the unit is valued at a total minimum of US$540,000 and a minimum equity of twenty per cent of the total proposed cost of construction has already been invested into the project before the application reaches the Committee. On those conditions the minimum is US$270,000 for each share in the unit.
A government contribution is charged separately on this route, and on the significant investment route under section 11A, at the same rates in both cases.
| Government contribution | Amount |
|---|---|
| Main applicant and up to three dependants, excluding paragraph (f) and (g) dependants | US$50,000 |
| Each additional dependant beyond three | US$25,000 |
| Each paragraph (f) dependant | US$50,000 |
| Each paragraph (g) dependant | US$75,000 |
Section 11(3) of the Act, inserted by the Grenada Citizenship by Investment (Amendment) Act No. 3 of 2019, is the holding rule: a person to whom citizenship is granted by virtue of an investment into an approved project shall not dispose of the investment until the expiration of five years from the grant of citizenship. The twenty per cent construction equity condition comes from regulation 4C, inserted in 2019, and is a test the developer must pass before approval, not one you pass.
Who counts as a dependant
Section 2 of the Act, as amended by Act No. 18 of 2017 and Act No. 3 of 2019, defines a dependant as a spouse of the main applicant; a child of the main applicant or of the spouse under eighteen; a child of the main applicant or of the spouse who is at least eighteen and under thirty and supported by the main applicant or the spouse; a child of the main applicant or of the spouse aged eighteen or over who is physically or mentally challenged and living with and fully supported by the main applicant; a parent or grandparent above fifty-five who is fully supported; a parent or grandparent not exceeding fifty-five who is fully supported; a sibling of the main applicant or of the spouse, biological or adopted, at least eighteen, single and with no children; and a child born to the main applicant or the spouse within twelve months of the grant of citizenship.
Read alongside the fee table, this structure is generous to families and expensive to get wrong. A parent aged fifty-four and a parent aged fifty-six are charged differently, and an adult sibling who marries between submission and decision stops meeting the definition.
How the decision runs
The Committee considers the application and makes a recommendation to the Minister, who grants, denies, or delays for cause. Section 8(2) requires the Committee to notify the agent in writing of the decision within sixty days of the submission of a complete application.
Within thirty days of notification of approval the applicant pays the balance of the processing fee and either deposits the contribution into the National Transformation Fund, where it is held until registration is completed, or executes the documents for payment into the approved project. A successful applicant then attends at an office in Grenada or elsewhere, at a time specified by the Minister, to take the oath or affirmation of allegiance in the form set out in the Schedule to the Citizenship Act, Cap 54. Section 8(6) provides that the applicant enjoys all the rights of a citizen subject to the limitations in the Representation of the People Act, Cap 286A. Grenada permits dual citizenship.
What sinks a file
Section 8(3) bars approval outright where the applicant has provided false information on the application form; has at any time previously been convicted in any country, without a free pardon, of an offense for which the maximum custodial penalty for the same or a similar offense in Grenada exceeds six months imprisonment; is the subject of a criminal investigation; is considered a potential national security risk to Grenada or to any other country; is involved in any activity likely to cause disrepute to Grenada; or has been denied a visa by a country with which Grenada has visa-free travel and has not subsequently obtained a visa from the country that refused.
The conviction test is worth reading twice, because it is not a test of what happened in the applicant’s own country. It measures the foreign offense against the maximum sentence a comparable offense carries in Grenada. A conviction treated lightly at home can cross the six-month line under Grenadian law, and an old undisclosed visa refusal remains the most frequent reason a fully funded file fails.
The E-2 treaty relationship, stated precisely
This is the fact people repeat about Grenada most often and verify least, so here is what United States government sources actually say.
The Department of State’s Foreign Affairs Manual, in the treaty table at 9 FAM 402.9-10, lists Grenada as a treaty country for E-2 classification with a treaty entry into force date of 3 March 1989. Grenada is listed for E-2 only, not for E-1 treaty trader status. Saint Lucia, Dominica, St Kitts and Nevis, Antigua and Barbuda and Vanuatu do not appear on that table at all.
The condition most pages leave out is in the statute itself. Section 101(a)(15)(E) of the Immigration and Nationality Act (8 U.S.C. 1101(a)(15)(E)), as amended by section 5902(b) of Public Law 117-263, provides that an alien who acquired the relevant nationality through a financial investment, and who has not previously held E status, qualifies only through a State in which the alien has been domiciled for a continuous period of not less than three years at any point before applying. A Grenadian passport obtained through the National Transformation Fund therefore opens the E-2 door only after three years of actual domicile in Grenada.
What the classification is, in the statute’s words: a treaty investor comes solely to develop and direct the operations of an enterprise in which the alien has invested, or is actively in the process of investing, a substantial amount of capital. Three conditions in the Foreign Affairs Manual decide whether an investment qualifies. The investor must possess the nationality of the treaty country. The enterprise must be a real and active commercial or entrepreneurial undertaking producing a service or a commodity, and cannot be a paper organization or an idle speculative holding such as undeveloped land. The investment must be substantial, and on that the manual is explicit: no set dollar figure constitutes a minimum amount of investment to be considered substantial, because the test is proportional to the nature and projected success of the business.
One point in the manual runs against the way this is usually marketed, and it is worth stating plainly: an applicant for an E visa does not need to keep a foreign residence and may sell the home and move household effects to the United States, but must express an unequivocal intent to depart on termination of status. E-2 is a temporary classification. It is not permanent residence and this page does not present it as a route to one. Whether any individual investor, business or holding would satisfy these tests is a question of United States immigration law on that person’s own facts, and it is not answered on a public page.
The regional regulator
Grenada has enacted the Eastern Caribbean Citizenship by Investment Regulatory Authority Agreement Act, No. 19 of 2025, assented on 24 November 2025. It gives force of law to the agreement establishing the Eastern Caribbean Citizenship by Investment Regulatory Authority, made on 18 September 2025, and creates offenses, administrative fines and an appeals tribunal covering agents, promoters, developers and due diligence providers. The Act comes into force on a date to be appointed by the Minister by Order published in the Gazette. Anyone planning a Caribbean file across more than one island should treat the regional supervisory layer as arriving, not hypothetical.
Grenada and Türkiye for a buyer with an American plan
Grenada and Türkiye both sit on the United States E-2 treaty table, as do Egypt and Jordan among the other open programs, so a buyer with an American plan weighs them side by side. The Grenada column rests on S.R.O. No. 15 of 2024 and the Act, the Türkiye column on the Turkish Implementing Regulation.
| Point of comparison | Grenada | Türkiye |
|---|---|---|
| What the investment buys | Citizenship, granted by the Minister on the Committee’s recommendation | Turkish citizenship by decision of the President, Article 12(b), Law No. 5901 |
| Minimum by route | US$235,000 to the National Transformation Fund; US$350,000 in an approved project plus a US$50,000 government contribution; US$270,000 for each share in a shared tourism unit | USD 400,000 for real estate; USD 500,000 for each capital route (deposit, fixed capital, government debt, fund units, private pension); or employment for 50 |
| What the money becomes | A contribution to the State, or a project investment held five years | Whatever was bought stays the investor’s own: property, deposit, instruments, fund units, pension or company |
| Holding period | Five years from the grant on the project route | A three-year hold on five routes; the fixed-capital and employment routes carry no hold |
| Family in the same file | Spouse; children under 18; children 18 to under 30, supported; disabled adult children; parents and grandparents (US$50,000 each at 55 or under); single adult siblings (US$75,000 each); a child born within twelve months of the grant | The spouse, and minor or dependent children, in the same application without further investment |
| Decision time | Written notice within sixty days of a complete application | Official framework three to six months; in our files about three to four months for a well-prepared application |
| US E-2 treaty | In force since 3 March 1989, E-2 only | In force since 18 May 1990 for E-2, and since 15 February 1933 for E-1 |
| E-2 for a citizen by investment | Three years of continuous domicile in Grenada first | Likewise three years of continuous domicile, here in Türkiye, before the first E visa |
The E-2 line is the same on both sides: the domicile condition in the Immigration and Nationality Act reaches every citizen by investment, so neither passport opens the treaty route on the day it is issued. What differs is the rest. Grenada is the lower figure and the wider family; Türkiye is the higher figure on a route where the whole minimum is the price of property the buyer owns, with the shorter hold. For the Turkish side in full, read Turkish citizenship by investment; for Grenada against the rest of the field, the citizenship by investment country comparison.
Where Grenada is stronger, and where it is not
Grenada’s fund entry of US$235,000 is marginally below Saint Lucia’s US$240,000 for a comparable family, and both figures cover a main applicant with up to three dependants. That is the only close comparison, and it is close enough to be decided by the rest of the file rather than by price.
Grenada is stronger on family breadth, because a grandparent and an adult sibling can be included at all, which is unusual. It is weaker on family cost, because those same categories are charged at US$50,000 and US$75,000 per head rather than absorbed into a band. A main applicant bringing two parents under fifty-five and one adult sibling adds US$50,000 for each parent and US$75,000 for the sibling on top of the US$235,000, before any fee is counted.
The E-2 listing is a genuine structural difference against Saint Lucia and not a marketing claim, since it rests on a treaty in force since 1989 and on a State Department manual rather than on a brochure, subject to the three-year domicile condition above. Against that, Grenada’s project route is the more expensive property entry of the two at US$350,000, and its official program site was serving only its homepage on 23 August 2026, which makes the primary legislation the only reliable source of figures.
Sources and figures for the other programs buyers weigh alongside this one are on our Dominica, St Kitts and Nevis, Antigua and Barbuda and Vanuatu pages. We do not restate another country’s figures here.
How Serka works on a Grenada file
We are an independent law firm, not a licensed agent or promoter of the Grenada program, and the submission itself goes through a local or marketing agent licensed under the Act. Our work sits before that: testing the client’s history against the six statutory bars in section 8(3), and in particular running any foreign conviction against the Grenadian maximum-sentence comparison rather than against the sentence actually imposed; assembling a source of funds record that survives a due diligence firm; classifying every family member correctly against paragraphs (a) to (h) before a fee is quoted, because the difference between paragraph (e) and paragraph (f) is US$50,000; and preparing the timing of the thirty-day payment window that follows approval.
Where an investor’s interest in Grenada is driven by the E-2 relationship, our role is to get the Grenadian file right and to say clearly what the United States sources do and do not establish. The E-2 application itself is United States immigration work and belongs with counsel admitted to advise on it.
Under Grenada’s Act every family member is classified and priced on the gazetted tables, so the file is only as sound as the family data behind it. Send us the exact ages and marital status of everyone you want included, your nationality, and any visa refusal, criminal conviction or investigation in your history; if Türkiye is in the frame, add the unit, the seller and the TTB you have been shown, because those are checked before the purchase. Use info@serkalaw.com, or send a message to +90 530 127 59 35.
What we left off this page
Grenada’s per-applicant processing and due diligence fees are not stated here. The last version we could find in the gazetted Regulations dates from Statutory Rules and Orders No. 20 of 2017, and the Citizenship by Investment Committee published Circular No. 9 on 1 September 2023 headed Mandatory Interview Process and Fee Structure, whose text we could not retrieve. Publishing a 2017 fee table that a 2023 circular may have replaced would be worse than publishing nothing, so those figures are read for a specific family from the Unit’s current circular once the file is opened.
We also publish no visa-free destination count. Grenada’s own site names several destinations, but that class of claim changes without notice and no legislative instrument states it. And we publish no tax statement and no view on how a second citizenship interacts with your existing one.
Sources
- Grenada Citizenship by Investment (Amendment) (No. 2) Regulations, 2024, Statutory Rules and Orders No. 15 of 2024, gazetted 28 June 2024, in force 1 July 2024, made under section 16 of the Act, from the Government of Grenada law repository. Retrieved 23 August 2026 and read again in full 30 September 2026. Source for every amount on this page. It repealed Statutory Rules and Orders No. 12 of 2024.
- Grenada Citizenship by Investment Act, No. 15 of 2013, assented 29 August 2013. Retrieved 23 August 2026 and read again 30 September 2026. Source for the section 8 decision procedure, the grounds of refusal, the oath of allegiance and the definition of dependant as originally enacted.
- Grenada Citizenship by Investment (Amendment) Act, No. 3 of 2019. Retrieved 23 August 2026 and read again in full 30 September 2026. Source for the current paragraphs (c) and (e) to (h) of the dependant definition and for the five-year disposal restriction in section 11(3).
- Grenada Citizenship by Investment (Amendment) (No. 2) Act, No. 18 of 2017. Retrieved 23 August 2026. Source for the earlier amendments to the dependant age limits.
- Grenada Citizenship by Investment (Amendment) (No. 2) Regulations, 2019, Statutory Rules and Orders No. 8 of 2019. Retrieved 23 August 2026. Source for the twenty per cent construction equity condition in regulation 4C.
- Eastern Caribbean Citizenship by Investment Regulatory Authority Agreement Act, No. 19 of 2025, assented 24 November 2025. Retrieved 23 August 2026.
- Grenada Citizenship by Investment Committee, official program site. Retrieved 23 August 2026. Source for dual citizenship, the two-route structure and the title of Circular No. 9 of 1 September 2023. Every subpage of that site returned HTTP 404 on the date of retrieval, so nothing here rests on pages we could not read.
- United States Department of State, Foreign Affairs Manual, 9 FAM 402.9, Treaty Traders, Investors and Specialty Occupations, revision CT:VISA-2190 dated 17 February 2026, the treaty table at 402.9-10. Read again 30 September 2026. Source for the Grenada and Türkiye listings and their dates, the nationality requirement, the real and active enterprise test and the absence of any set minimum investment figure.
- Immigration and Nationality Act, section 101(a)(15)(E), 8 U.S.C. 1101(a)(15)(E), as amended by section 5902(b) of Public Law 117-263, United States Code 2023 edition from the Government Publishing Office. Read 30 September 2026. Source for the three-year domicile condition on a nationality acquired through a financial investment.
A residence permit bought through investment and a citizenship obtained through it are not the same instrument, and they are routinely sold as though they were; how a golden visa differs from citizenship by investment sets out what each one actually gives. Whether a second citizenship opens the United States treaty-investor route, and what an applicant has to show, is covered in our guide to US E-1 and E-2 treaty visas.
Every other program is set against Grenada on the citizenship by investment country comparison, and the Turkish routes on Turkish citizenship by investment.