Solomon Islands Unveils Citizenship by Investment Bill, Seek Input

The Solomon Islands government has completed the first draft of its Citizenship by Investment Bill, marking a significant step forward in a plan the government first revealed in 2020.

Prime Minister Jeremiah Manele revealed this development in Parliament, emphasizing its priority within the government’s 100-day agenda. The bill, currently under peer review at the Attorney General’s chambers, will soon be presented to the Cabinet for consideration.

Manele highlighted the bill’s significance as “one of the transformative policies” the Government for National Unity and Transformation (GNUT) has embarked on, with efforts underway to develop “the appropriate regulatory framework” for its implementation.

Under the proposed program, eligible foreign investors and their families who meet “strict due diligence requirements” will obtain Solomon Islands ordinary passports. These requirements aim to ensure the program’s transparency and accountability.

The Solomon Islands passport currently ranks 37th globally, offering visa-free access to 134 destinations, including the Schengen Area and the UK.

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Manele emphasized the potential economic benefits, explaining that the initiative will attract foreign investment to supplement current government revenue streams.

The Prime Minister, however, acknowledged the inherent risks associated with such programs. The government is conducting a thorough analysis to mitigate potential risks, aiming to ensure the program “brings the anticipated economic benefits to the country without undermining the credibility and standing of the country’s ordinary passport.”

To ensure legal compliance and public input, the government plans to consult with Solomon Islanders before finalizing the bill for parliamentary presentation. Manele believes this consultation will allow citizens to “contribute to its development” before it reaches Parliament.