Grenada’s Citizenship‑by‑Investment (CBI) program saw a sharp rise in demand during the third quarter of 2022, with 462 applications filed between July and September—2.5 times the 167 applications received in the preceding quarter (April‑June). This quarterly total almost matches the entire 2021 volume of 566 applications.
Factors behind the surge
- Grenada is the only Caribbean CBI program without a published list of prohibited nationalities, making it the sole option for Russian and Belarusian investors.
- The CBI Committee confirmed in June 2022 that it was processing Russian and Belarusian applications “on a case‑by‑case” basis, provided the applicants were not sanctioned individuals.
Investment pathways
Applicants can obtain Grenadian citizenship through one of two routes:
| Route | Minimum investment |
|---|---|
| National Transformation Fund (NTF) contribution | US $235,000 (non‑refundable) for a single applicant; same amount for a family of up to four |
| Approved real‑estate purchase | US $270,000 (or shares in a qualifying development) |
Key program features
- No residency or physical presence requirement – applicants are not required to live in Grenada before or after citizenship is granted.
- Processing time – citizenship is typically issued within three to four months after a complete application is submitted.
- Passport benefits – Grenadian passport holders enjoy visa‑free or visa‑on‑arrival access to more than 140 countries, including the Schengen Area and the United Kingdom, and are eligible to apply for a United States E‑2 investor visa.
These figures illustrate a notable uptick in interest, driven largely by the program’s openness to nationalities that are excluded elsewhere and the relatively straightforward investment thresholds.
Source article: www.globalcitizensolutions.com
