Applicants may only make two types of investments to obtain citizenship or permanent residence:

1. They must make “a payment into the National Transformation Fund;” or
2. They must make “a payment towards an approved project in Grenada”

The National Transformation Fund (NTF) was established under section 43 (1)(a) of the Public Finance Management Act Cap 262B, and is responsible for funding Government-sponsored projects in Grenada. ‘Approved project’ is defined under Section 3 of the Grenada Citizenship by Investment Act, 2013 as “a project that is approved by the Minister following the review and recommendation of the Citizenship by Investment Committee.”

The following relevant legislation is also essential to understanding the Grenada’s Citizenship by Investment Programme: