Yes. Citizens of the United States, Canada, the United Kingdom and every other country can own freehold property in Grenada. The one extra step is an Alien Landholding Licence, a government approval your attorney applies for after you sign the sale agreement. There is no requirement to live in Grenada, and there is no limit on the number of properties you can own.
Who counts as a foreigner?
Anyone who is not a citizen of Grenada. Some Caribbean nationals may be treated differently under regional arrangements, and Grenadian citizens by investment are citizens for this purpose. Your attorney will confirm your status; do not assume an exemption applies.
What the licence involves
An application to government with your identification, a police certificate from your home country, bank references and the property details. The fee is a percentage of the purchase price. Approval is routine for buyers with a clean background and commonly takes a few months. The licence guide goes deeper.
Personal name or company?
Many overseas buyers hold property personally. Others use a Grenadian company for estate-planning or rental-business reasons. Each route has tax and cost implications at home and in Grenada, so decide with your attorney and accountant before you sign.
Can I get a mortgage?
Grenadian banks do lend to non-nationals in some cases, usually with a larger deposit and proof of income; it adds time. Most overseas buyers pay cash or finance at home.
Can I rent it out?
Yes. Long-term and vacation letting are both common. If you plan to let, tell us — it changes which areas we show you. See vacation rental vs long-term rental.
Does buying make me a citizen?
No. Citizenship by Investment is a separate programme with its own approved projects and licensed agents — read the CBI guide.
