Inside Naoero’s $90,000 citizenship offer and extra fees
Naoero, previously known as Nauru, has introduced a program that offers citizenship to individuals contributing to climate adaptation funding. The initiative focuses on securing finances necessary for relocating vital infrastructure and families further inland, in response to the increasing threats posed by rising sea levels and coastal flooding. Those who successfully navigate the rigorous…
Nauru, the Pacific island nation with a population smaller than New York City, has become a prominent player in the global citizenship-by-investment market. The country, officially renamed the Republic of Naoero, has introduced a citizenship program that entices foreigners with a $90,000 investment towards climate adaptation projects aimed at combating rising sea levels.
This "golden passport" initiative, launched last year, offers visa-free access to over 85 destinations, including business and travel hubs like Singapore and Hong Kong. However, land ownership remains restricted in Nauru. The program is closely linked to Naoero's climate-related relocation plans, which could cost over $60 million in the first phase, expected to be funded partially by the citizenship fees.
Despite concerns over security and misuse of investment passports, the program has gained traction, granting more than 120 citizenships since its launch.
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