NATIONAL TRANSFORMATION FUND (NTF)
The National Transformation Fund (NTF) was established in 2013 as a means of transforming Grenada’s economy into one that is ever more prosperous and independent. The NTF finances various projects in Grenada for the benefit of its many industries, including tourism, agriculture, and alternative energy. Having made a donation to the NTF, investors are left with a true sense of having contributed to their new nation’s wellbeing. Applicants opting for the NTF route must contribute a minimum of USD 150,000 to the Fund. The following chart highlights the costs and fees associated with this route.
APPROVED REAL ESTATE INVESTMENT
One of the options available to applicants seeking to obtain citizenship by investment in Grenada is to invest in a Government-approved project. Currently, these projects encompass real estate developments such as hotels, villas, and resorts. Because of the growth of the tourism industry, there is rising demand for tourist housing facilities. Real estate developments are thus fantastic opportunities for investors looking for high returns. Applicants opting for the approved project (real estate) route must invest at least USD 350,000. They must keep the real estate for at least three years following the grant of citizenship. The following chart highlights the costs and fees associated with this route.

INVESTMENT FEES

TYPE OF INVESTMENT

INVESTMENT SUM


  • NATIONAL TRANSFORMATION FUND (SINGLE APPLICANT)

  • USD $150,000

  • NATIONAL TRANSFORMATION FUND

  • USD $200,000

  • APPROVED PROJECT - REAL ESTATE

  • USD $350,000 (MINIMUM)

  • PURCHASE OF UNIT IN AN APPROVED PROJECT - REAL ESTATE

  • USD $220,000 (MINIMUM) per share in the unit

  • SIGNIFICANT INVESTOR

  • USD $5,000,000 (MINIMUM)

NB: - As detailed in Act No. 24 of 2014 which states: An applicant may not dispose of the investment for a period of three (3) years after his or her grant of citizenship.
APPLICATION / PROCESSING FEES

APPLICANT

APPLICATION FEE (USD)

PROCESSING FEE (USD)

DUE DILIGENCE FEE (USD)

ADDITIONAL FEES AFTER APPROVAL (USD)


  • MAIN APPLICANT

  • USD $1,500

  • USD $1,500

  • USD $5,000

  • -

  • SPOUSE

  • USD $1,500

  • USD $1,500

  • USD $5,000

  • -

  • DEPENDENT CHILD AGE 0-16

  • USD $1,500

  • USD $500

  • -

  • USD $25,000 (More than four dependents EACH)

  • DEPENDENT CHILD AGE 17

  • USD $1,500

  • USD $1,500

  • USD $5,000

  • USD $25,000 (More than four dependents EACH)

  • DEPENDENT CHILD AGE 18-30

  • USD $1,500

  • USD $1,500

  • USD $5,000

  • USD $25,000 (More than four dependents EACH)

  • DEPENDENT SIBLING AGE 18 (at least)

  • USD $1,500

  • USD $1,500

  • USD $5,000

  • USD $75,000 (EACH)

  • DEPENDENT PARENT AGE 55 AND OVER

  • USD $1,500

  • USD $1,500

  • USD $5,000

  • -

  • DEPENDENT PARENT AGE 55 AND UNDER

  • USD $1,500

  • USD $1,500

  • USD $5,000

  • USD $50,000 (EACH)