Grenada citizenship programme review and costs in 2026
Grenada citizenship by investment in 2026: NTF and approved project costs, official fees, the anti-discounting attestation and the independent programme review.
Grenada’s citizenship by investment programme is run by the Investment Migration Agency (IMA Grenada), which has spent the past two years tightening its rules. Its 2025 circulars targeted discounting and third-party financing, and on 22 September 2026 it announced an independent review of the programme, carried out through the research platform Caribbean Analytics. For families considering Grenada, the costs are now clearly defined and the compliance expectations are higher than before.
The regional context, including the European Commission’s request to phase out Caribbean programmes, is covered in our overview of Caribbean citizenship by investment and the EU deadline. Grenada’s link to the United States E-2 treaty visa is explained separately in our article on Grenada citizenship and the E-2 visa.
Key takeaways
- The National Transformation Fund (NTF) contribution is US$235,000 for a single applicant or a family of up to four.
- The approved project route requires US$270,000 paid to the developer plus a US$50,000 government contribution.
- IMA Grenada lists application, processing, due diligence and interview fees on top of the investment, all non-refundable.
- Since November 2025, applicants must sign a notarised attestation that no discount, refund or owner financing is involved.
- An independent review of the programme ran during September and October 2026, with a public summary to follow.
The two main investment routes
IMA Grenada sets out the routes on its official website and in Circular No. 2 of July 2024, which implemented the regional pricing agreed by the Eastern Caribbean states.
National Transformation Fund
The NTF is a government fund that finances projects intended to diversify Grenada’s economy. The contribution is US$235,000 for a single applicant or a main applicant with up to three dependants. Additional dependants cost US$25,000 or US$50,000 each depending on the category, and a sibling costs US$75,000. Applicants cannot pay the NTF directly and must use an authorised local agent. IMA Grenada also notes that NTF applicants may apply for citizenship immediately or first apply for permanent residence.
Approved project investment
The real estate alternative requires an investment of at least US$270,000 in an approved project, paid to the developer’s escrow account, plus a US$50,000 government contribution. IMA Grenada’s fee table shows two figures, US$350,000 or US$270,000, depending on how the project interest is structured, while its frequently asked questions and the applicant attestation cite US$270,000 as the minimum. The same additional dependant and sibling amounts apply. The circular states that at least US$230,000 of the developer payment must go towards construction. Holding periods are compared with the other islands in our article on Caribbean real estate investment routes.
Official fees
IMA Grenada’s fee table lists the following amounts for each route.
| Fee | Amount |
|---|
|—|—|
| Application fee | US$1,500 per person |
|---|---|
| Processing fee | US$1,500 per person aged 17 or over, US$500 under 17 |
| Due diligence fee | US$5,000 per person aged 17 or over, nil for children up to 16 |
| Interview fee | US$1,000 per person aged 17 or over |
The agency’s frequently asked questions give a combined due diligence figure of US$6,000 for applicants aged 17 or over, which appears to include the interview fee. In either presentation, all fees are non-refundable, and investment payments are made to the escrow account of the authorised local agent before remittance to the agency.
For a clear outline of the Grenada application from document collection to passport issue, our Grenada citizenship page sets out each stage.
The attestation on discounts and financing
IMA Grenada has been explicit that discounted prices are not permitted. Circular No. 2 of March 2025 addressed illegal discounting and owner financing, and later that month the agency suspended applications linked to one marketing agent and one approved project. Circular No. 11, issued on 28 October 2025 and effective from 10 November 2025, went further.
Every applicant investing in an approved project must now submit a notarised attestation confirming that the funds come from their own verifiable resources, or from a declared sponsor. In the attestation, the applicant acknowledges that any discount, refund, kickback or owner or related-party financing is illegal under the Grenada Citizenship by Investment Act 2013, and that citizenship may be revoked if such an arrangement is later discovered. Bank evidence showing the transfer from the declared source is also required.
For families, the practical lesson is simple. An offer that undercuts the published minimum is a warning sign, not a bargain. Our guide to due diligence in Caribbean citizenship by investment explains how source-of-funds checks work across the region.
The independent review
On 22 September 2026, IMA Grenada announced that it had commissioned an independent review of the programme, administered by Caribbean Analytics. The review gathers views from residents, the diaspora, economic citizens and applicants, licensed agents, international marketing agents and government bodies, through online questionnaires, field interviews and focus groups. The public survey closed on 10 October 2026.
According to the agency, findings will be reported to the IMA Grenada board, with a public summary to follow. No changes to the programme have been announced as a result of the review at the time of writing. Reports in the industry press about further possible changes, such as residence or biometric requirements, have not been confirmed by IMA Grenada and should be treated as unverified until an official circular is issued.
Who can be included
Grenada allows a spouse, children and certain other dependants, including siblings, at the prices noted above. The definitions of dependant are set out in the Grenada Citizenship by Investment Act and its regulations. We compare these rules with Antigua, Dominica and St Kitts in our article on family members in Caribbean citizenship programmes.
If you would like to talk through how these rules might apply to your own circumstances, our team would be glad to help. You can call +357 979 42 388 or write to us through our contact page.
Frequently asked questions
What is the minimum investment for Grenada citizenship?
IMA Grenada lists US$235,000 through the National Transformation Fund for a single applicant or a family of up to four, before fees.
Can a developer offer a discount on the approved project price?
No. IMA Grenada states that discounts, refunds, kickbacks and owner financing are illegal, and applicants must sign an attestation confirming none is involved.
Are Grenada citizenship fees refundable?
No. IMA Grenada states that all fees are non-refundable.
What is the 2026 independent review?
It is a review of the programme commissioned by IMA Grenada and run through Caribbean Analytics in September and October 2026, with findings reported to the agency’s board.
Sources
- Investment Migration Agency Grenada, Becoming a citizen, as of October 2026.
- Investment Migration Agency Grenada, Enquiries and frequently asked questions, as of October 2026.
- Investment Migration Agency Grenada, Update to Circular No. 2, minimum investment threshold, 3 July 2024.
- Investment Migration Agency Grenada, Circular No. 11 of 2025, attestation and bank credit advice guidance, 28 October 2025.
- Investment Migration Agency Grenada, IMA Grenada commissions independent review, 22 September 2026.
This article is for general information only and does not constitute legal, tax or investment advice. Figures are stated as of 2026 and may change; confirm current requirements with the relevant authority and an independent adviser before acting. AT Express is a private consultancy and is not affiliated with any government or official programme.
Featured image: “Great Anse beach, Grenada” by Ian Gratton, via Wikimedia Commons, CC BY 2.0.
Please note. This article is for general information only and reflects our understanding at the date of publication. Programme rules, thresholds and fees are set by each government and can change at short notice. It is not legal, tax or financial advice; please check the current position with us or the relevant authority before acting.
By the AT Express editorial team · Published 30 October 2026 · Updated 31 October 2026
