Newest Citizenship by Investment Program: Nauru
Published at: 12/12/2024 08:50 am
Nauru, the smallest island country in the World, launched a low-cost citizenship by investment program in 2024. The official name of the newest passport scheme is "Nauru Economic and Climate Resilience Citizenship Program."
The Nauru passport allows visa-free entry to Hong Kong, Singapore, Ireland, and the UK. The travel document grants visa-free travel to 88 countries. There is no minimum stay requirement; however, visiting the paradise island nation in Oceania is worth visiting.
Nauru was a well-known offshore financial centre, but the country joined the OECD's Convention on Mutual Administrative Assistance in Tax Matters. However, the island nation does not impose corporate, income, capital gains, wealth, or inheritance taxes.
How much does the Nauru Citizenship by Investment Program cost?
Contribution amounts for the passport of Nauru
105,000 USD for a single applicant
110,000 USD for the applicant and spouse
115,000 USD for a family of five or more members
15,000 USD for additional siblings of the principal applicant or their spouse
Application fees for the Nauru Citizenship by Investment Program
25,000 USD for a single applicant
27,500 USD for a family of two–four members
30,000 USD for a family of five or more members
Due diligence fees
10,000 USD for the principal applicant
7,500 USD per additional family member aged 16 or older (spouse, sibling, child, or qualifying adult dependent)
The citizens must pay 500 USD to issue a passport to the government of Nauru.
Does Nauru offer the cheapest citizenship by investment program in 2024?
The competition in the market for citizenship by investment programs is harsh. As the Caribbean countries had to agree and define a mutual minimum amount of donation and investment, Nauru and Vanuatu became the most affordable solutions for obtaining passports.
Who can become a citizen of Nauru through investment?
You can apply for the Naruatu passport if you are older than 18, have a clean criminal background, and can prove the source of your funds.