Grenada has released official legislation announcing the new pricing for their Citizenship by Investment programme. Grenada is one of four Caribbean nations that agreed to increase their prices substantially from 1st July. A notable change in the pricing structure introduces a flat investment threshold for the main applicant and up to three family members, eliminating previous separate thresholds for single applicants, couples, and families. Effective from Monday, 1st July, the new minimum investment thresholds are as follows:
New Grenada Citizenship by Investment Thresholds July 2024:
National Transformation Fund
- Main Applicant and up to 3 dependants: $235,000
Real Estate Investment Route
- Main Applicant and up to 3 dependants: $350,000 or $270,000
Additional Dependent Costs:
- Additional dependents up to 30 years: $25,000 each
- Additional parents/grandparents: $50,000 each
- Siblings over 18 years: $70,000 each
While single applicants and couples will face a substantial price increase, families of four will see a comparatively modest rise of only $35,000, making the change less severe than initially anticipated. Government, application and due diligence fees still apply. For a full quotation, please contact our experts.
If you missed the opportunity with the old pricing, you might consider applying in Antigua, which has announced a brief 30-day extension before their price increase. However, in practice, this period is much shorter as applications need to be prepared and submitted in full within this timeline. We urge investors to act quickly and begin the process with La Vida as soon as possible.
Stay tuned for further updates on the pending price rises in the other Caribbean nations which are expected any day now.
