In a significant move to strengthen governance and oversight, Grenada will completely replace its 2013 Citizenship by Investment legislation in 2026 following extensive legislative revisions. Finance Minister Dennis Cornwall announced the impending changes during his 2026 budget address to the Lower House on December 1, 2025, emphasizing that the overhaul will enhance the program’s integrity and regulatory framework.
The new 2023 Act currently enables foreign investors to obtain Grenadian citizenship through financial contributions to the National Transformation Fund (NTF) or investments in approved real estate developments. This pathway to permanent residence and citizenship will undergo substantial restructuring under the forthcoming legislation.
Concurrently, five Eastern Caribbean nations are establishing the Eastern Caribbean Citizenship By Investment Regulatory Authority, which will be headquartered in Grenada following parliamentary approval. This regional body aims to harmonize standards across participating nations by implementing uniform due diligence protocols, establishing minimum investment thresholds, and mandating biometric data collection for all applicants.
Minister Cornwall reported outstanding performance by Grenada’s Investment Migration Agency (IMA)—the rebranded Citizenship by Investment Programme—which had already surpassed its revenue targets by the third quarter of 2025 and was projected to exceed annual goals by approximately 10%. The IMA will accelerate digital transformation initiatives, deepen engagement with the diaspora community, expand into new markets, and enhance customer service capabilities.
Currently, eight projects are approved for CBI investments, including two new developments: the One True Blue Beach Hotel and Residence and the La Sagesse Collections. The forthcoming regional authority will enforce compliance and increase transparency across all member nations’ investment migration programs.