Grenada – The New Caribbean Relocation Favourite?

The Caribbean island of Grenada had a record-breaking number of Citizenship by Investment applications processed in 2024, with the majority of accepted submissions coming from a real estate investment.

The number of new nationals also reached an all-time high, showing the strength of the program and its efficiency in processing.

In total, the Investment Migration Agency (IMA), formerly known as Citizenship by Investment Unit (CIU), approved 1,583 applications, which welcomed 5.443 new Grenadian Citizens, when accounting for family members in the process.

The Spice island's tax policies are proving a further incentive for foreign buyers. The absence of capital gains, inheritance, and wealth taxes makes it a tax-efficient destination. Property taxes are also relatively low, and the government's transparent regulatory framework ensures ease of doing business. These tax benefits attract both individual investors and large-scale developers looking for profitable ventures.

Top locations for a luxury second home include Grand Anse Bay and Lance Aux Epines whilst St. Patrick’s, the island’s most northerly parish. presents an opportunity for an authentic experience in the Grenadian countryside. Properties range from traditional Grenadian homes to expansive villas designed to blend into the surrounding nature.