--- title: "Grenada Citizenship · $350k property requirements 2026" url: https://settleanywhere.com/countries/grenada/citizenship-investment-approved-project/ lang: en updated: 2026-10-11 --- Grenada · Investing # Grenada Citizenship · $350k property **Investment needed:** $350k+ Citizenship by Investment — Approved Project (real estate, sole purchase) First checked against official sources on 11 Oct 2026, some details partly verified [Change log](https://settleanywhere.com/changes/) - **Investment needed:** $350k+ (An investment of at least $350,000 · Minimum investment in an Approved Project under section 11. A fee of $50,000 · Government contribution, main applicant and up to three dependants. A fee of $25,000 · Government contribution for each additional dependant beyond three; US$50,000 or US$75,000 for dependants within paragraph (f) or (g) of the Act's definition.) - **Who can apply:** Most passports (Open to foreign nationals who pass due diligence. Nationals of North Korea, Russia and Belarus cannot apply; nationals of Iran, Sudan, Yemen and Afghanistan are ineligible unless they meet the long-term residence conditions in the Agency circular.) - **Tax angle:** Tax relief (Grenada: income tax charged on income accrued from sources in Grenada: The Income Tax Act defines assessable income of both residents and non-residents as amounts accrued from sources in Grenada, so foreign-source income of a Grenada resident is outside the charge to tax unless it is deemed to arise in Grenada (for example employment exercised outside Grenada by an ordinarily resident person where payment is charged directly to a Grenadian source).) ## Key facts Citizenship · $350k property is an investing route for Grenada. Applicants need an investment of $350k+. Checked 2026-10-11 against the official source. - **Money needed:** $350k+ - **Government fees:** $50k · $25k - **Processing:** Up to 60 days ## Cost, time and long term To apply: government fee $50k; investment $350k+; decision: up to 60 days. No lawyer or agent fee is included. **Government fees: $50k · $25k** - $50,000 Government contribution, main applicant and up to three dependants. - $25,000 Government contribution for each additional dependant beyond three; US$50,000 or US$75,000 for dependants within paragraph (f) or (g) of the Act's definition. **Invested and held: $350k+** - $350,000 Minimum investment in an Approved Project under section 11. **Citizenship: Conditions** This route grants citizenship itself: once the contribution or purchase is completed, the Citizenship by Investment Committee issues a certificate of registration confirming Grenadian citizenship. [Investment Migration Agency (IMA) Grenada](https://imagrenada.gd/application-guide/) **Processing: Up to 60 days** By law the Committee must tell the agent its decision within 60 days of a complete application; it can also delay a decision for cause. [Government of Grenada](https://www.laws.gov.gd/index.php/acts/719-act-no-15-of-2013-grenada-citizenship-by-investment-act/viewdocument/719) **Where to apply: Where to apply** Applications go through authorised agents and cannot be submitted directly; an interview may be required in Grenada or at a Grenada embassy or high commission. [Government of Grenada](https://www.laws.gov.gd/index.php/acts/719-act-no-15-of-2013-grenada-citizenship-by-investment-act/viewdocument/719) [Investment Migration Agency (IMA) Grenada](https://imagrenada.gd/application-guide/) **Presence rules: Stay rule** Citizens granted citizenship by investment take the oath or affirmation of allegiance at an office in Grenada or elsewhere as the Minister specifies. [Government of Grenada](https://www.laws.gov.gd/index.php/acts/719-act-no-15-of-2013-grenada-citizenship-by-investment-act/viewdocument/719) ## Why this route may not fit Check this before you apply. - Not open to passports from North Korea, Russia, Belarus ### What you'll need #### Who can apply - The main applicant must be at least 18. - Applicants and dependants over 11 face due diligence and may be interviewed. #### What you must show - Applications carry 10% of processing fees and the full due diligence fees. #### Documents - A medical certificate is required. - A police certificate is required. #### Steps 1. Apply through a Local Agent. 2. Funds are placed in an irrevocable escrow account before an application is considered. ## What happens at day 183 How Grenada decides tax residence and treats foreign-source income, from its tax records. - **Tax residence:** - **At least 183 days in a year of assessment** Resident in Grenada if physically present for not less than 183 days in the year of assessment (definition of resident in Grenada, para (a)(ii)); a permanent place of abode in Grenada plus some presence also qualifies - **Foreign-source income:** **Territorial** The Income Tax Act defines assessable income of both residents and non-residents as amounts accrued from sources in Grenada, so foreign-source income of a Grenada resident is outside the charge to tax unless it is deemed to arise in Grenada (for example employment exercised outside Grenada by an ordinarily resident person where payment is charged directly to a Grenadian source). - **Special regime:** **Income tax charged on income accrued from sources in Grenada** · Tax relief [All tax rules for Grenada](https://settleanywhere.com/countries/grenada/tax/) Tax records checked 12 Oct 2026 **Full official text** Citizenship through investing in a project approved under section 11 of the Act, mostly hotel and resort units. (sources 1, 2, 3) #### What you must show and pay - An investment of at least $350,000 · Minimum investment in an Approved Project under section 11. (source 1) - A fee of $50,000 · Government contribution, main applicant and up to three dependants. (source 1) - A fee of $25,000 · Government contribution for each additional dependant beyond three; US$50,000 or US$75,000 for dependants within paragraph (f) or (g) of the Act's definition. (source 1) #### Requirements - The main applicant must be at least 18. (source 2) - Applicants and dependants over 11 face due diligence and may be interviewed. (source 2) - Applications carry 10% of processing fees and the full due diligence fees. (source 2) - A medical certificate is required. (source 2) - A police certificate is required. (source 2) - Apply through a Local Agent. (source 2) - Funds are placed in an irrevocable escrow account before an application is considered. (source 2) #### Stay - Permanent citizenship; no time-limited visa stay. #### Nationality Open to foreign nationals who pass due diligence. Nationals of North Korea, Russia and Belarus cannot apply; nationals of Iran, Sudan, Yemen and Afghanistan are ineligible unless they meet the long-term residence conditions in the Agency circular. Not open to: North Korea, Russia, Belarus. #### Work Citizenship confers full citizen rights, including work. #### Family Main applicant plus up to three dependants (spouse; children under 18; children 18 to 25 in full-time higher education; disabled adult children; parents and grandparents aged over 65 in the 2013 Act definition) at the base amount; further dependants pay the add-on amounts. Checked 2026-10-11 · partly verified ## Official sources 1. [Grenada Citizenship by Investment (Amendment) (No. 2) Regulations, 2024 (SRO 15 of 2024)](https://www.laws.gov.gd/index.php/s-r-o/1527-sr-o-15-of-2024-grenada-citizenship-by-investment-amendment-no-2-regulations/download) · Government of Grenada (laws.gov.gd) · checked 2026-10-10 · published 2024-06-28 2. [Grenada Citizenship by Investment Act, No. 15 of 2013](https://www.laws.gov.gd/index.php/acts/719-act-no-15-of-2013-grenada-citizenship-by-investment-act/viewdocument/719) · Government of Grenada (laws.gov.gd) · checked 2026-10-10 · published 2013 3. [Circular No. 1 of 2024 — List of countries/nationalities ineligible to apply for citizenship](https://imagrenada.gd/wp-content/uploads/2024/03/CIRCULAR-INELIGIBLE-COUNTRIES-NATIONALISTIES-TO-APPLY-IN-THE-GCBI-PROGRAM-March-25-2024-amended.pdf) · Investment Migration Agency Grenada · checked 2026-10-11 4. [Becoming a Citizen](https://imagrenada.gd/application-guide/) · Investment Migration Agency (IMA) Grenada · checked 2026-10-11 ## Citizenship · $350k property and its alternatives | Route | Money needed | Stay | Work | | --- | --- | --- | --- | | Citizenship · $350k property | Needs an investment of $350k+ | – | – | | [Citizenship · $270k shared](https://settleanywhere.com/countries/grenada/citizenship-investment-approved-project-shared/) | Needs an investment of $270k+ | – | – | | [Citizenship · NTF $235k](https://settleanywhere.com/countries/grenada/citizenship-investment-ntf/) | Needs an investment of $235k+ | – | – | | [Investor residence](https://settleanywhere.com/countries/mexico/temporary-resident-investor/) Mexico | Needs an investment of MXN 5.4M+ ≈ $294k | 4 yr | With a permit | | [Investor M · Property](https://settleanywhere.com/countries/colombia/m-investor-real-estate/) Colombia | Needs an investment of COP 612.8M+ ≈ $192k | 3 yr | Limited | ## Questions people ask ### How much money do I need for the Citizenship · $350k property? An investment of at least $350,000. Minimum investment in an Approved Project under section 11. A fee of $50,000. Government contribution, main applicant and up to three dependants. A fee of $25,000. Government contribution for each additional dependant beyond three; US$50,000 or US$75,000 for dependants within paragraph (f) or (g) of the Act's definition. ### How long can I stay on the Citizenship · $350k property? Permanent citizenship; no time-limited visa stay. ### How long does the Citizenship · $350k property take to process? By law the Committee must tell the agent its decision within 60 days of a complete application; it can also delay a decision for cause. ### Can I work on the Citizenship · $350k property? Citizenship confers full citizen rights, including work. ### Can I bring my family on the Citizenship · $350k property? Main applicant plus up to three dependants (spouse; children under 18; children 18 to 25 in full-time higher education; disabled adult children; parents and grandparents aged over 65 in the 2013 Act definition) at the base amount; further dependants pay the add-on amounts. ### Who can apply for the Citizenship · $350k property? Open to foreign nationals who pass due diligence. Nationals of North Korea, Russia and Belarus cannot apply; nationals of Iran, Sudan, Yemen and Afghanistan are ineligible unless they meet the long-term residence conditions in the Agency circular. Not open to: North Korea, Russia, Belarus. ### Is there a tax break for Citizenship · $350k property holders in Grenada? Grenada: income tax charged on income accrued from sources in Grenada: The Income Tax Act defines assessable income of both residents and non-residents as amounts accrued from sources in Grenada, so foreign-source income of a Grenada resident is outside the charge to tax unless it is deemed to arise in Grenada (for example employment exercised outside Grenada by an ordinarily resident person where payment is charged directly to a Grenadian source). It's separate from the visa and has its own conditions. ## Tax Special regime ### [Grenada: income tax charged on income accrued from sources in Grenada](https://settleanywhere.com/countries/grenada/tax/#tax-gd-territorial-income-tax) Tax relief Foreign-source income: Territorial **Details** - On: Amounts accrued directly or indirectly from sources in Grenada (s.8) - Who: Applies to residents and non-residents alike - Limit: XCD 24k/yr ≈ $8,890 The Income Tax Act defines assessable income of both residents and non-residents as amounts accrued from sources in Grenada, so foreign-source income of a Grenada resident is outside the charge to tax unless it is deemed to arise in Grenada (for example employment exercised outside Grenada by an ordinarily resident person where payment is charged directly to a Grenadian source). #### Taxed on Amounts accrued directly or indirectly from sources in Grenada (s.8), with deemed Grenadian sources in s.10; individual rates in the Fifth Schedule: 10% on the first XCD 24,000 (≈ $8,890) of chargeable income (15% before 1 January 2017, changed by SRO 2 of 2017) and 30% on the excess (SRO 1 of 2014). #### Who it applies to - Applies to residents and non-residents alike; individual resident if present for 183 days, or with a permanent place of abode and some presence. #### Exclusions - Income deemed to accrue from Grenadian sources under s.10 is taxable even if earned abroad. - Interest accruing to banks and banking businesses in Grenada is taxable whether or not received in Grenada. #### Limits - XCD 24,000 a year (≈ $8,890) · Chargeable income up to this amount taxed at 10% (15% before 1 January 2017); the excess at 30%. #### Days in the country - At least 183 days in year of assessment · Resident in Grenada if physically present for not less than 183 days in the year of assessment (definition of resident in Grenada, para (a)(ii)); a permanent place of abode in Grenada plus some presence also qualifies #### Tax residence Statutory residence by 183 days or permanent abode with some presence; the scope-of-charge rule (s.8) uses sources in Grenada for residents and non-residents. #### Visas The tax treatment follows from the Income Tax Act and is independent of citizenship-by-investment or residence permit status. #### Other taxes Company rate under SRO 1 of 2014 is 30%. Checked against official sources on 12 Oct 2026, some details partly verified [Change log](https://settleanywhere.com/changes/) [Full page →](https://settleanywhere.com/countries/grenada/tax/) ## More in Grenada [Remote work permit](https://settleanywhere.com/countries/grenada/remote-work-permit/) [Internship work permit](https://settleanywhere.com/countries/grenada/student-trainee-work-permit/) [Work permit](https://settleanywhere.com/countries/grenada/work-permit/) ## Investment visas elsewhere [🇨🇷 Investor residence · $200k](https://settleanywhere.com/countries/costa-rica/temporary-investor/) [🇧🇷 Investor · R$500k in a company](https://settleanywhere.com/countries/brazil/investor-company/) [🇺🇸 E-2 Treaty Investor](https://settleanywhere.com/countries/united-states/e2-treaty-investor/) [🇵🇦 Qualified Investor · Deposit](https://settleanywhere.com/countries/panama/qualified-investor-fixed-deposit/) [🇨🇱 Investor · US$500k](https://settleanywhere.com/countries/chile/investor/) [🇪🇨 Investor · $48k shares](https://settleanywhere.com/countries/ecuador/temporary-investor-shares/) ≈ USD figures are approximate: daily reference rates from ExchangeRate-API, dated 12 Oct 2026, refreshed when the site is updated. ## How this was checked **Checked on 2026-10-11 against 4 official sources.** Status: partly verified; the page marks the facts an official source does not fully confirm. Every figure on this page comes from the official source it links to. The record was researched against these sources, then reviewed separately, with special attention to effective dates and amendments. Where a source does not state something, the page leaves it out. 1. [Grenada Citizenship by Investment (Amendment) (No. 2) Regulations, 2024 (SRO 15 of 2024)](https://www.laws.gov.gd/index.php/s-r-o/1527-sr-o-15-of-2024-grenada-citizenship-by-investment-amendment-no-2-regulations/download) · Government of Grenada (laws.gov.gd) · checked 2026-10-10 2. [Grenada Citizenship by Investment Act, No. 15 of 2013](https://www.laws.gov.gd/index.php/acts/719-act-no-15-of-2013-grenada-citizenship-by-investment-act/viewdocument/719) · Government of Grenada (laws.gov.gd) · checked 2026-10-10 3. [Circular No. 1 of 2024 — List of countries/nationalities ineligible to apply for citizenship](https://imagrenada.gd/wp-content/uploads/2024/03/CIRCULAR-INELIGIBLE-COUNTRIES-NATIONALISTIES-TO-APPLY-IN-THE-GCBI-PROGRAM-March-25-2024-amended.pdf) · Investment Migration Agency Grenada · checked 2026-10-11 4. [Becoming a Citizen](https://imagrenada.gd/application-guide/) · Investment Migration Agency (IMA) Grenada · checked 2026-10-11 Tracked since 2026-10-10. Rule changes and corrections are listed on the [changes page](https://settleanywhere.com/changes/), and the [methodology page](https://settleanywhere.com/methodology/) explains how facts are checked. Found something out of date? Email [contact@stayglobe.app](mailto:contact@stayglobe.app?subject=Correction) with a link to the official source.