Grenada citizenship by investment for Americans drew 27 applications in both 2024 and 2025, according to figures published by the Investment Migration Agency of Grenada. The annual American count held steady even as the program’s total intake fell from 2,297 applications in 2023 to 469 in 2025.
Grenada raised its minimum non-refundable contribution to the National Transformation Fund from $150,000 to $235,000 in July 2024 under a regional pricing accord agreed across the five Eastern Caribbean CBI countries. The real estate route requires a minimum $270,000 government-approved project investment, held for five years. Real estate accounted for 59% of intake across 2023 to 2025.
What Americans get from a program built for non-Americans
Most Caribbean CBI programs sell mobility. The standard offering is visa-free travel, a backup passport, and a hedge against political risk at home. Grenada offers one feature the others don’t. Grenadian passport-holders are eligible to apply for the US E-2 Treaty Investor Visa, a nonimmigrant visa for nationals of countries with which the United States maintains a treaty of commerce and navigation.
The US-Grenada treaty entered into force on March 3, 1989. None of the other OECS programs (Antigua and Barbuda, Dominica, St. Kitts and Nevis, St. Lucia) carries E-2 access. For most international buyers, that’s the selling point. For Americans, it’s mostly noise. Americans don’t need an E-2 visa to live and work in the United States. They already can.
The American case for Grenadian citizenship runs through different logic. Renouncing US citizenship closes the door on residence in the US, and for renounced Americans the E-2 becomes a way back in to operate a business. For Americans who haven’t renounced, the appeal is conventional Plan B positioning: a second passport with visa-free access to roughly 140 countries, Commonwealth-nation status, and a tax regime with no capital gains, inheritance, or wealth tax on income earned outside Grenada.
The AMIGOS Act narrowed the E-2 angle
A provision tucked into the December 2022 National Defense Authorization Act, known as the AMIGOS Act, added a domicile requirement to E-2 visas obtained through CBI-acquired citizenship. Applicants who got their treaty nationality through a financial investment must now show continuous domicile in the treaty country for at least three years before applying for an E-2.
The provision targeted the workflow that had made Grenada’s CBI distinctive: pay $150,000, receive citizenship within months, apply for E-2 entry to the US. The three-year domicile bar made that path slower and more demanding. For Americans considering renunciation followed by Grenadian citizenship and an E-2 return to the US, the timeline now stretches.
What this tells us about Grenada Citizenship by Investment for Americans
The 27-applications-per-year figure has held since the data started disaggregating by nationality. It hasn’t moved with the broader uptick in US emigration interest, the surge in second-passport inquiries reported across the wealth-advisory industry, or any of the post-2024-election volume markers visible in other countries’ programs.
That stability suggests the American Grenada cohort isn’t a sentiment-driven group. It looks more like a use-case cohort: people executing a specific plan, whether tax-arbitrage, post-renunciation positioning, or Commonwealth-citizenship collection. The price more than tripled in mid-2024, the regional due-diligence regime tightened in 2024 and 2025, and the volume didn’t move. That’s a different shape of demand than the lifestyle migration patterns visible elsewhere.
