Nauru has launched a golden passport initiative selling citizenship for $105,000, aimed at improving climate resilience amid rising sea levels. The program offers visa-free access to over 89 countries, with contributions used to fund climate change projects. Individual investment totals $140,500, while family options are available with varying costs, making it a more affordable choice compared to similar programs in Europe.
The Republic of Nauru, a small island nation in the Pacific, has initiated a citizenship program allowing individuals to obtain a passport for an investment starting at $105,000. This program has been introduced against the backdrop of rising climate change threats affecting the island, which has a population of less than 12,000 and is known for its pristine beaches and rich marine biodiversity.
Nauru’s new initiative, launched during the 2024 United Nations Climate Change Conference, is designed to enhance climate resilience. Prime Minister Asterio Appi emphasized the urgency, stating that Pacific Island states are facing significant threats from climate change, making them increasingly uninhabitable. Investors in the citizenship program are contributing to a sustainable future.
The Nauru Economic and Climate Resilience Citizenship Program was developed with Henley & Partners, focusing on climate solutions. This program aims to attract international investments that provide essential financial support for projects targeting climate adaptation and mitigation. In a statement, Henley & Partners’ CEO, Dr. Juerg Steffen, highlighted the importance of combining private wealth with public climate survival efforts.
Successful applicants to the Nauruan citizenship program can enjoy several benefits. The new citizens will not only support Nauru’s climate projects but also receive a passport that allows dual citizenship within three to four months. The Nauruan passport provides visa-free access to over 89 countries, including the UK and Singapore, and facilitates family citizenship extensions.
The costs outlined for citizenship are structured for individuals and families. A single adult’s investment totals $140,500, including application, due diligence, and passport fees. Family applicants face higher contributions, with a family of four costing approximately $172,000. This remains relatively lower than other global citizenship programs, such as Malta’s golden visa option.
Nauru’s citizenship initiative offers a unique opportunity for those seeking a passport from a resilient yet vulnerable island nation in the Pacific. By investing in the program, participants not only secure their citizenship but also contribute to crucial climate resilience efforts. Given the comparatively low cost of the program, it presents an appealing alternative to more expensive citizenship-by-investment options worldwide.
Original Source: www.centraloregondaily.com
