Real Estate Investment in Grenada
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Real Estate Investment in Grenada

The citizenship of Grenada may be obtained by investing USD 220,000 in an approved property. The professional fees and the government fees to process the application are additionally payable. The applicant must hold the property for five (5) years after the citizenship is granted.

The properties approved by the Government of Grenada may include hotel shares, resorts and villas.

Apply for Citizenship of Grenada

The total fee under this option is payable in three instalments. The breakup is given below:

FIRST INSLALMENT (PAYABLE AT THE TIME OF PLACING THE ONLINE ORDER)
Fee Type Main applicant Main applicant and spouse Family of four (two dependents below 16 years) Family of four (two dependents above 16 years) Cost to add for additional dependent (under 16 years) Cost to add for additional dependent (16 years or older)
InZone’s Professional Fees USD 9,999 USD 10,999 USD 11,999 USD 11,999 USD 399 USD 399

 

SECOND INSTALMENT (PAYABLE AT THE TIME OF SUBMISSION OF THE CITIZENSHIP APPLICATION)
Fee Type Main applicant Main applicant and spouse Family of four (two dependents below 16 years) Family of four (two dependents above 16 years) Cost to add for additional dependent (under 16 years) Cost to add for additional dependent (16 years or older)
Government Application Fees USD 1,500 USD 3,000 USD 6,000 USD 6,000 USD 1,500 USD 1,500
Government Fees USD 50,000 USD 50,000 USD 50,000 USD 50,000 USD 25,000 USD 25,000
Government Processing Fees USD 1,500 USD 3,000 USD 4,000 USD 6,000 USD 500 USD 1,500
Government Due Diligence Fees USD 5,000 USD 10,000 USD 10,000 USD 20,000 USD 0 USD 5,000
Local Lawyer Professional Fees USD 8,000 USD 8,000 USD 8,000 USD 8,000 USD 0 USD 0
Total Second Instalment USD 66,000 USD 74,000 USD 78,000 USD 90,000 USD 27,000 USD 33,000

 

THIRD INSTALMENT (PAYABLE AFTER IN PRINCIPAL APPROVAL OF THE CITIENSHIP APPLICATION)
Fee Type Main applicant Main applicant and spouse Family of four (two dependents below 16 years) Family of four (two dependents above 16 years) Cost to add for additional dependent (under 16 years) Cost to add for additional dependent (16 years or older)
Project Investment Amount USD 220,000 USD 220,000 USD 220,000 USD 220,000 USD 0 USD 0
Government Real Estate Transfer Fees USD 10,000 USD 10,000 USD 10,000 USD 10,000 USD 0 USD 0
Passport and Oath Fees USD 370 USD 740 USD 1,480 USD 1,480 USD 370 USD 370
Courier Fees USD 400 USD 400 USD 400 USD 400 USD 0 USD 0
Total Third Instalment USD 230,770 USD 231,140 USD 231,880 USD 231,880 USD 370 USD 370

 

TOTAL EXPENSE* – FIRST INSTALMENT + SECOND INSTALMENT + THIRD INSTALMENT
Main applicant Main applicant and spouse Family of four (two dependents below 16 years) Family of four (two dependents above 16 years) Cost to add for additional dependent (under 16 years) Cost to add for additional dependent (16 years or older)
USD 306,769 USD 316,139 USD 321,879 USD 333,879 USD 27,769 USD 33,769

*Bank fee at 1% of the total amount plus VAT is chargeable on the transactions.

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