Grenada Real Estate for Citizenship 2026: Approved Projects and Prices

How real estate grants citizenship

Grenada is a small island nation in the Caribbean Sea. The country has a citizenship by investment program (CBI). This is a legal way to obtain a second passport by investing money in the country's economy.

There are two paths. You can make an irrevocable contribution to the National Transformation Fund (NTF). Or you can purchase real estate. We are discussing the second path.

The logic is straightforward. You purchase a share in an approved project. Most often this is a hotel or resort. The state verifies you and your funds. If everything is in order, you and your family receive citizenship.

The main difference from a contribution: the money does not disappear. You retain an asset. It can generate rental income. After five years, it can be sold. A fund contribution, however, is a gift to the state and cannot be recovered.

But there is a strict rule. You cannot buy just any villa or apartment on the island. Only a property from the official list of approved projects. Details below.

Terms: thresholds, holding period, family

Let us review the basic figures. These are approximate—always verify exact amounts before starting, as thresholds change.

Minimum entry. A share in an approved project can be purchased from 270,000 USD. This is a co-ownership format—you become a co-owner together with other investors.

Full unit. If you want an apartment or villa in full ownership, the threshold is higher, approximately from 350,000 USD.

Holding period. You cannot sell the property immediately. You must hold it for a minimum of 5 years from the date of citizenship issuance. Only after that is free sale permitted.

Family. You can include a spouse, children, parents, and under certain conditions, siblings in your application. An additional fee applies for each additional person.

Important: Grenada citizenship is not EU citizenship. The passport does not grant the right to live in the European Union. However, it does provide visa-free entry to many countries, including the Schengen area and the United Kingdom (visa-free conditions may change, please verify).

What are approved projects

This is the key point. The state maintains a list of projects through which citizenship can be obtained. Only these are suitable. You cannot purchase a neighboring apartment from a private owner—it will not grant citizenship.

Why is this? Each project on the list has passed official government verification. These are hotels, resorts, villas, and apartment complexes. The developer has received approval, and the state guarantees that the purchase counts toward the program.

Among the well-known approved projects from various years are resorts under international brands—for example, Silversands, InterContinental La Sagesse, Six Senses La Sagesse, and the Grenada Hideaway project are mentioned on the list. The list is updated over time, so always verify the current list before conducting a transaction.

What this means for you. Your choice is limited. You are not searching for a property across the entire island. You are selecting from a pre-approved list. On one hand – less freedom. On the other hand – less risk of investing in a project that will not be recognized.

Simple advice. Before purchasing, verify that the specific property is currently on the active list of approved projects. This is the foundation of the entire transaction.

Cost: property price plus fees

Real estate price is not the total amount. Mandatory payments are added to it. It is important to calculate them in advance to avoid surprises.

What comprises the total:

• The property itself – from 270,000 USD for a share or from 350,000 USD for a full unit.
• Government fees – along the real estate route they are substantial, approximately 50,000 USD for a family of up to 4 persons.
• Due diligence fee – the government conducts screening of each adult applicant. Paid separately.
• Legal and service expenses – documentation, support, document translations.
• Additional fees for each additional family member.

Fair comparison. The real estate route has a higher entry threshold than the fund contribution (minimum approximately 235,000 USD). Government fees for real estate are also higher. However, a contribution is money spent permanently, whereas real estate is an asset that remains with you.

Detailed breakdown of all payments we have compiled in a separate article about the cost of Grenada citizenship.

Real estate or fund contribution

This is the main choice for a future Grenada citizen. We will examine both paths calmly, without bias.

Fund contribution (NTF). The simplest and least expensive entry route. You donate money to the state. It goes toward hospitals, schools, and infrastructure. It is not returned. However, the amount is lower, government fees are lower, and paperwork is minimal. If the goal is simply to obtain a passport quickly and inexpensively, this route is often chosen.

Detailed information on this option is in the guide to Grenada citizenship through investment.

Real estate. Entry is more expensive. However, the money does not disappear. You retain an asset. It can generate rental income. After 5 years, it can be sold and your investment can be partially or fully recovered.

Simple selection rule. Need a passport as inexpensively and hassle-free as possible – consider the fund contribution. Want to retain an asset and potentially recover your money – consider real estate. There is no perfect answer for everyone; it all depends on your goals.

Table: real estate and fund contribution side by side

To make it clearer, we have compiled both routes into one table. The figures are approximate; verify current rates before proceeding.

Here is what matters. Real estate is more expensive upfront, but it is an asset. A contribution is cheaper, but the money is gone forever. The choice depends on your goal.

Rental income: what to expect

Many people think this way: I will buy a share in a resort, and it will generate income. Partly true. But it is important to understand the real picture, without rose-tinted glasses.

Grenada's resorts and hotels operate on tourism. The island is popular, the season is long. Therefore, properties are rented out and generate rental income.

How much exactly? The market mentions approximately 2-5% per annum. This is not a guarantee, but a reference point. Returns depend on the specific project, occupancy rate, management company, and season.

Some projects offer management programs. You do not handle rentals yourself—the operator does it, and you receive a share of the income. Each project has its own terms, which must be read carefully.

Let's be about what matters. Income is a pleasant bonus, but not the main goal of the program. The main goal is a passport. Do not view a resort share as a high-yield investment. It is primarily a way to obtain citizenship and preserve an asset.

How selling after 5 years works

Five years have passed. What next? According to the rules, you can sell the real estate. Citizenship remains with you and your family forever—it cannot be taken away.

But here is an important point about liquidity. Liquidity is how easy it is to sell an asset and get your money back. And real estate in resorts can vary on this front.

Where the difficulty lies. Often the next buyer of a share becomes a new CBI program participant. In other words, the secondary market largely depends on the same investors who come for a passport. If demand for the program is high—selling is easier. If not—you may have to wait longer.

What this means in practice:

• Selling is not instant—allow time to find a buyer.
• The sale price may differ from the purchase price in either direction.
• Liquidity strongly depends on the specific project and its reputation.

Therefore, when choosing, look not only at beautiful renderings. Look at the developer's reputation and how the property sells on the secondary market. This reduces risks.

Risks you should know about

Let us be . The real estate path has its own pitfalls. Knowing about them in advance means making an informed decision.

Liquidity. The main risk. Selling a resort share after five years is not always fast and not always at the desired price. The secondary market is narrow.

Yields. Rental income is not guaranteed. Hotel occupancy fluctuates. Income may fall short of expectations.

Construction. If the project is still under construction, there is a risk of delays. Before purchase, it is important to check the status and timeline.

Limited choice. You can only choose from the approved list. Sometimes the best-yielding property is not on the list.

High fees. Government fees for real estate are significantly higher than for contributions. This is part of the cost and cannot be overlooked.

Do not be frightened by this list. The risks are manageable if you choose a project wisely and count soberly. The main thing is not to believe promises of riches and to verify every step.

Grenada's bonus: access to the E-2 visa in the USA

Grenada has a feature that its Caribbean neighbors do not. Between Grenada and the USA, an agreement is in effect that opens access to the E-2 visa.

What this gives. A Grenada citizen can apply for an E-2 investor visa to the USA. With it, you can do business and live in the United States with your family.

It is important to understand . E-2 is a visa, not a green card or US citizenship. It gives you the right to stay in the country for business purposes, but it is not permanent residence. The USA sets the conditions and requirements for the visa separately from the Grenada program.

Nevertheless, for many this is a significant advantage. A Grenada passport becomes a bridge to life and business in the USA. Especially for those who have no other path there.

This bonus works with any path to citizenship—both through contribution and through real estate. So real estate provides both an asset and potential access to the E-2.

Taxes and what you need to understand

A frequent question is what happens with taxes after obtaining a passport. Here it is important to distinguish between two concepts.

Citizenship and tax residency are not the same thing. By obtaining a Grenada passport, you do not automatically become its tax resident. You pay taxes where you live and where you have your center of interests.

Grenada itself is a jurisdiction with an attractive tax regime. The country, for example, has no tax on worldwide income for those who are not residents, and no inheritance tax. But details depend on your status.

We have covered the tax aspect in detail in a separate article on Grenada taxes.

Separately for Russian citizens. Russia allows dual citizenship. You must notify the Interior Ministry of obtaining it—approximately within 60 days. This is a notification, not a request for permission. Everything is within the law.

Applicant verification and source of funds

The Grenada program is not about simply depositing money. The state carefully checks each adult applicant. This is called due diligence—a comprehensive background check.

What is verified. Your biography, absence of criminal records, and reputation. Additionally—the source of your investment funds. This is a source of funds verification. You must demonstrate that the money was earned legally and confirm this with documents.

For citizens of Russia and CIS countries, verification is conducted with particular scrutiny. This is standard international practice following the tightening of regulations in 2024. No sanctions circumvention—everything strictly according to law. Clean source of funds and a complete documentation package—and there will be no problems.

From 2026 onwards, a new requirement has been added. New citizens must spend approximately 30 days on the island over a five-year period to maintain the right to passport renewal. Verify current rules before submission.

Advice. Prepare documentation for the source of funds in advance and carefully. This is the most common cause of delays. A strong documentation package from the start saves weeks.

We will help you select a project and calculate your budget

Choosing an approved project is a decision for years to come. It is important not to make a mistake: verify that the property is on the active list, assess liquidity and actual rental income.

We will analyze your situation, select a suitable project based on your family composition and budget, and discuss the risks. Without embellishment.

Get consultation on Grenada real estate.

The path from project selection to passport.

Let us put it all together. What does the road look like from idea to passport via real estate. Briefly and step by step.

1. Project selection. You select a property from the list of approved projects within your budget and goals. You verify that it is in the current approved list.
2. Document preparation. You collect a documentation package for yourself and your family. Separately—confirmation of source of funds.
3. Reservation and payment. You reserve a share, pay for the real estate and fees.
4. Due diligence verification. The state verifies you. This is the main stage in terms of time.
5. Approval and passport. Upon a positive decision, you and your family receive citizenship. The entire process takes approximately 4-6 months, remotely, without relocation.
6. 5-year holding period. Hold the real estate for five years. Then you can sell.

As you can see, the scheme is straightforward. The main work is at the project selection and document preparation stage. Getting them right the first time means completing the process without unnecessary delays.

All program details and current conditions are on the page. Grenada citizenship.Also information about. Grenada passport. And its benefits.