Grenada Citizenship by Investment

Grenada's Citizenship by Investment program grants citizenship directly, with no residence permit stage. The main applicant makes a non-refundable contribution of $235,000 to the National Transformation Fund (NTF), or invests in a government-approved real estate project from $270,000 (shared ownership) or $350,000 (sole ownership), plus a $50,000 government fee on the real estate route. Application, due diligence, processing and interview fees come on top.

The NTF contribution covers a main applicant and up to three dependants. Each dependant beyond the third adds $25,000 or $50,000, and siblings add $75,000. The Investment Migration Agency (IMA) states that approval comes within 60 business days of submission, subject to satisfactory due diligence and receipt of funds. Everyone aged 17 and over completes due diligence and a mandatory online interview, and every filing goes through an authorised agent.

No stay in Grenada is required before, during or after the application. A 30-day presence rule for the first five years after citizenship is written into the 2026 reform, but IMA's Circular No. 2 of 2026 deferred its start until the regional regulator is operating and all five member states agree a date. The government can apply the rule to pending files, so an early filing date does not guarantee an exemption.

The program suits investors who want a second passport and can document the lawful source of their funds. It does not suit anyone who needs the capital back, since the NTF contribution is non-refundable and real estate must be held for five years.

How Grenada taxes citizens

Grenada taxes income earned in Grenada and leaves foreign-source income outside its tax base. Individuals pay no tax on the first EC$36,000, 10% on income from EC$36,001 to EC$60,000 and 28% above EC$60,000. Grenada has no capital gains tax, inheritance tax or wealth tax. Dividends from a foreign brokerage account and rent from property abroad are foreign-source income.

Treaty and information exchange

The United States has no income tax treaty with Grenada, so no treaty articles reduce withholding or allocate taxing rights between the two countries. The two governments do have a tax information exchange agreement signed in 1986 and a FATCA intergovernmental agreement signed on 29 November 2016. Under the FATCA agreement, Grenadian banks report US account holders to Grenada's Inland Revenue Division, which passes the data to the IRS.

For US citizens and green card holders

US persons stay taxed on worldwide income whatever second citizenship they hold. The foreign earned income exclusion, claimed on Form 2555, covers up to $132,900 of salary or self-employment income for 2026. It does not reach dividends, capital gains, pensions or Social Security. Qualifying takes either 330 full days in a foreign country or countries during any 12 consecutive months, or bona fide residence, which asks whether you made a foreign country your home for a full tax year. Because the program requires no stay in Grenada, many holders will not meet either test.

The foreign tax credit on Form 1116 offsets US tax only for foreign income tax actually paid. Foreign-source income is not taxed by Grenada, so there is usually nothing to credit on it. The credit matters if you earn Grenadian income taxed at 10% or 28%.

FBAR (FinCEN Form 114) is due when the combined value of your foreign financial accounts exceeds $10,000 at any point in the year. The maximum non-willful penalty is $16,536 per report for 2026. A Grenadian bank account counts toward that total, and the bank reports it under the FATCA agreement.