Grenada Citizenship by Investment Unit (IMA) through Circular No. 2 of 2024 has announced new prices for CBI programme in accordance with the Memorandum of Agreement (MoA) among the Member States of the Organisation of Eastern Caribbean States offering Citizenship by Investment Programmes (CBIPs), a new pricing structure for the Investment Migration Agency Grenada (IMA) implemented effective July 1, 2024.
Under the new framework, the minimum investment requirement for the Grenada Citizenship by Investment Programme will become US$235,000.00. The threshold was increased from current old prices $150,000 (NTF donation) and $200,000 (real estate).
The Grenada Citizenship by Investment (Amendment) Regulations, 2024 outlines the revised pricing structure for NTF donation and Real Estate investments:
National Transformation Fund (NTF)
- Single Applicant or a family of up to 4 – US$235,000
- Additional dependents – US$25,000/$50,000
- Sibling – US$75,000
Approved Project Investment (Real Estate)
- Single Applicant or a family of up to 4 – US$270,000
- Government Contribution – US$50,000
- Additional dependents – US$25,000/$50,000
- Sibling – US$75,000
The entire investment sum of $270,000 must be deposited into the Developer’s Escrow Account as per new rules.
Old Pricing
only duly completed applications submitted to Grenada Cooperative Bank Limited up to and including June 30, 2024, with all the required documents as per the Bank’s guidelines issued to Local Agents, will be accepted under the old price structure
IMA CEO Quote
“This groundbreaking agreement between the five governments signals an end to the race-to-thebottom era which persisted for far too long and sets the foundation necessary for harmonization across all Citizenship by Investment Programmes in the Region”
– Thomas Anthony, CEO of the Investment Migration Agency Grenada
