Nauru Launches Citizenship by Investment Program Starting at $105,000

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Nauru has officially launched its Nauru Economic and Climate Resilience Citizenship Program (NECRCP). The government announced the news at the United Nations Climate Change Conference (COP 29) in Baku and has drafted the NECRCP Act 2024.

The NECRCP offers citizenship through direct contributions to the nation’s Treasury Fund and will process applications within three to four months.

Successful applicants gain visa-free access to 89 destinations, including the United Kingdom and the UAE, though not the European Union.

“This innovative approach combines economic growth with environmental stewardship,” Isa Seow, the program’s Director of Compliance, emphasizes.

Seow says the program will implement rigorous due diligence processes and governance structures “to ensure that only individuals of the highest caliber participate in shaping Nauru’s future.”

Investment migration “has emerged as a powerful mechanism for mitigating sustainability risks and enhancing climate resilience,” Nauru’s President David Adeang explains.

The program channels investments into projects safeguarding the nation’s future. Adeang points to Nauru’s approach as “a tangible example of how nations can leverage private investment to address pressing environmental challenges.”

Key Requirements:

• Minimum age of 18 years
• Clean personal background
• Proof of funds source
• Mandatory interview
• Oath of Allegiance to Nauru

Eligible Dependents:

• The spouse of the Principal Applicant in a monogamous marriage or in a de-facto relationship;
• A child, including an adopted child, of the Principal Applicant or of his or her spouse who is less than 18 years of age;
• A child, including an adopted child, of the Principal Applicant or of his or her spouse, who is between the age of 18 and 30 years, who is not married, and who is fully supported by the Principal Applicant;
• A child of the Principal Applicant or of his or her spouse who is at least 18 years of age, is physically or mentally challenged, and who is living with and is fully supported by the Principal Applicant;
• A parent or grandparent of the Principal Applicant or of his or her spouse, above the age of 55 years, whom the Principal Applicant fully supports;
• A sibling of the Principal Applicant or spouse who is not married and has never been married;

Investment and Fees:

Contribution

• USD 105,000 for a single applicant
• USD 110,000 for a family of two–four members
• USD 115,000 for a family of five or more members
• USD 15,000 for each additional sibling of the main applicant or their spouse

Application fee

• USD 25,000 for a single applicant
• USD 27,500 for a family of two–four members
• USD 30,000 for a family of five or more members

Due diligence fee

• USD 10,000 for the main applicant
• USD 7,500 per additional family member aged 16 or older (spouse, sibling, child, or qualifying adult dependent)

Passport fee

• USD 500 per passport, to be paid to the Nauru Government

A single applicant’s total investment reaches USD 140,500, while a family of four must invest USD 155,000.

Approved applicants receive their certificate of citizenship and Nauruan passport upon making the required contribution and taking the Oath of Allegiance to Nauru.

The government has partnered with Henley & Partners to design, set up, and manage the program.

CIPs enhance the sovereign equity of host nations, contrasting with traditional debt-driven financing approaches, explains Dr. Juerg Steffen, CEO of Henley & Partners.

“They do not require compromising or sacrificing one strategic objective to achieve another,” Steffen notes, describing investment migration as “a true win-win, long-term, sustainable solution for all stakeholders.”

The government will license agents who complete prescribed application forms, submit relevant documentation, and pay licensing fees. Licensed agents must submit all applications to the Program Office, which maintains strict professional standards and can revoke licenses for unethical conduct.

Nauru has also included a provision in the Act that allows it to maintain strict control over citizenship rights. The Minister can revoke citizenship if obtained through fraud or if citizens engage in terrorism or money laundering or face UN sanctions.

Nauru’s establishment of the NECRCP follows the Solomon Islands’ announcement that it has submitted a bill to create its own CIP.