Nauru recently introduced its Citizenship by Investment Program. The government announced it at the United Nations Climate Change Conference (COP 29) in Baku. This program offers individuals the chance to gain Nauru citizenship in exchange for a financial investment in the country’s economy. The process is quick, with approvals typically coming in three to four months. Approved applicants will enjoy visa-free access to 89 countries, including the UK and the UAE.
In this article, we’ll explain the program’s key details, including the investment amounts, eligibility, benefits, and more.
What is Nauru’s Citizenship by Investment Program?
Nauru’s Citizenship by Investment Program allows individuals to gain citizenship by contributing to the country’s Treasury Fund. The government launched this initiative to boost the economy. It offers an attractive pathway for those looking for a second passport. Applicants who meet the requirements will receive their Nauru citizenship within three to four months. They will also be able to travel visa-free to destinations such as the United Kingdom and the UAE.
Investment Requirements for Nauru Citizenship
The investment amount varies based on family size. A single applicant must invest USD 140,500. A family of four must invest USD 155,000. This money goes directly into the Treasury Fund, supporting Nauru’s economic growth.
The investment covers both the application fee and necessary background checks. Accepted applicants will benefit from visa-free travel to key countries. However, the program does not grant access to the European Union.
Here are the key requirements and eligible dependents for Nauru’s Citizenship by Investment Program:
Key Eligibility Requirements
To qualify for Nauru’s Citizenship by Investment Program, applicants must meet several conditions:
- Age: Applicants must be at least 18 years old.
- Background: A clean criminal record is required. The program conducts thorough background checks.
- Funds: Applicants must show the source of their funds.
- Interview: A mandatory interview is part of the application process.
- Oath: Successful applicants must swear an oath of allegiance to Nauru.
Eligible Dependents
Applicants can include family members in their application. These dependents include:
- Spouse: The applicant’s spouse, whether in a legal marriage or a de-facto relationship.
- Children under 18: Biological or adopted children of the applicant or their spouse.
- Children over 18: Adult children who are financially dependent on the applicant and are under 25 years old.
Applicants must also meet health and character requirements.
Benefits of Nauru Citizenship by Investment
Nauru’s Citizenship by Investment Program offers many advantages:
- Visa-Free Access: Nauru citizens can travel without a visa to 89 countries, including the UK and UAE.
- Fast Processing: The program processes applications in three to four months.
- No Residency Requirement: Applicants do not need to live in Nauru to gain citizenship.
- Tax Benefits: Nauru offers a tax-friendly environment, with no personal income tax.
- Family Inclusion: The program allows applicants to include their spouse and dependent children.
Nauru’s Citizenship by Investment Program is a strong option for investors seeking a second passport. The program offers a relatively low investment requirement, quick processing, and several benefits. Applicants can enjoy visa-free travel, tax advantages, and family inclusion. However, it is important to consult with financial and legal advisors before proceeding with the application.
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