Grenada Citizenship by Investment Cost Jumps in 2024

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You might have read about a general Caribbean Citizenship by Investment price rise. The situation across the investment migration programmes offered by the 5 Organization of Eastern Caribbean States members is a little more nuanced than that. That’s because we’ve been made aware of the full extent of the Grenada Citizenship by Investment cost surge.

Grenada Citizenship by Investment Cost Increase Overview

Due to the MOA formulated with Antigua and Barbuda, Dominica, St Kitts and Nevis, and St Lucia and the Grenada Citizenship by Investment (Amendment) Regulations, 2024, you must donate at least $235,000 to the country’s National Transformation Fund (NTF) to acquire Grenada Citizenship by Investment. 

Grenada will also require extra investment in its approved real estate projects, as laid out in a IMA Grenada Circular signed by Prime Minister Dickon Michell, also the Minister responsible for citizenship.

While the minimum sole investment remains $350,000, purchasing a share requires you to invest at least $270,000. This represents a $50,000 rise. The new prices take effect on Monday, July 1, 2024.

The Latitude Take

Christopher Willis is our Latitude Caribbean Managing Partner. He covers the reasoning behind the Grenada Citizenship by Investment cost distinction. As Willis notes, “If the prices have always been different between NFT and designated property purchases, why standardize them now?”

“Grenada is commiting to the greater clarity and transparency of Caribbean Citizenship by Investment. Countries are working together now. To have one blanket threshold would not be in keeping with the recent MOA.”

How to Secure Grenada Citizenship by Investment in 2024

You now know the wider Grenada Citizenship by Investment picture. To meet eligibility requirements before the grace period ends, you need to get in touch with an investment migration expert like Latitude Group. So, don’t delay and contact us today.