Real Estate Options (Approved Projects) in Grenada
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 220,000. They must keep the real estate for at least five (5) years following the grant of citizenship. The following chart highlights the costs and fees associated with this route.
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REAL ESTATE OPTION 1
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Single Applicant
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Main Applicant + Spouse
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Up to four family members
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Four family members and over |
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Required Contribution Amount
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USD 350,000
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USD 350,000 |
USD 350,000 |
USD 350,000 |
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Government Fee
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USD 50,000
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USD 50,000
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USD 50,000 (Except for siblings, parents and grandparents under age 55) |
USD 50,000 and USD 25,000 per additional dependant after the third dependant |
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Application Fee |
USD 1,500 |
USD 1,500 per person |
USD 1,500 per person |
USD 1,500 per person |
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Due Diligence Fee
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USD 5,000
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USD 5,000 per person
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* Dependent child 0 – 16 nil
* Dependent child 17 and over USD 5,000 |
USD 5,000 per person aged 17 and over (including non-applicant spouse and non-applicant sponsor)
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Processing Fee
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USD 1,500
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USD 1,500 per person
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USD 1,500 per person aged 18 and over, USD 500 for persons under 18
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USD 1,500 per person aged 18 and over, USD 500 for persons under 18
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Interview Fee
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USD 1,000
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USD 1,000 per person
(Including non-applicant spouse and non-applicant sponsor) |
USD 1,000 per person aged 17 and over (Including non-applicant spouse and non-applicant sponsor) |
USD 1,000 per person aged 17 and over (Including non-applicant spouse and non-applicant sponsor)
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REAL ESTATE OPTION 2
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Single Applicant
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Main Applicant + Spouse
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Up to four family members
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Four family members and over
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| Required Contribution Amount for Section 11 |
Minimum of USD 220,000 (for each share in the unit) |
USD 220,000 (for each share in the unit) |
USD 220,000 (for each share in the unit) |
USD 220,000 (for each share in the unit) |
Government Contribution for Section 11 Approved Project Investment |
USD 50,000 |
USD 50,000 |
USD 50,000 |
USD 50,000 + USD 25,000 for each additional dependent. |
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Interview Fee
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USD 1,000
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USD 1,000 per person
(Including non-applicant spouse and non-applicant sponsor) |
USD 1,000 per person aged 17 and over (Including non-applicant spouse and non-applicant sponsor) |
USD 1,000 per person aged 17 and over (Including non-applicant spouse and non-applicant sponsor)
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