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Nauru to Launch Citizenship by Investment Program Tomorrow · IMI Podcasts

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  SPEAKER_00: Nauru will launch its Nauru Economic and Climate Resilient Citizenship Program, also known as NCIP, tomorrow, November 13, 2024.
• 0:09
  SPEAKER_00: The government announced the news at the United Nations Climate Change Conference in Baku.
• 0:14
  SPEAKER_00: The NCIP offers citizenship through direct contributions to the nation's Treasury Fund and will process applications within three to four months.
• 0:23
  SPEAKER_00: Successful applicants gain visa-free access to 89 destinations, including the United Kingdom and the UAE, though not the European Union.
• 0:32
  SPEAKER_00: This innovative approach combines economic growth with environmental stewardship.
• 0:37
  SPEAKER_00: Isa Seao, the program's director of compliance, emphasizes.
• 0:41
  SPEAKER_00: Sayao 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.
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  SPEAKER_00: Its key requirements are minimum age of 18 years, clean personal background, proof of fund source, mandatory interview, and oath of allegiance to Nauru.
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  SPEAKER_00: There's a contribution of$105,000 for a single applicant,$110,000 for a family of 2 to 4 members,$115,000 for a family of$0.00 or more members.
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  SPEAKER_00: $15,000 for each additional sibling of the main applicant or their spouse.
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  SPEAKER_00: The application fee is$25,000 for a single applicant,$27,500 for a family of two to four members,$30,000 for a family of five or more members.
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  SPEAKER_00: Then there's the due diligence fee of$10,000 for the main applicant.
• 1:36
  SPEAKER_00: $7,500 per additional family member age 16 or older, spouse, sibling, child, or qualifying adult dependent.
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  SPEAKER_00: Lastly, passport fee of$500 per passport to be paid to the Nauru government.
• 1:50
  SPEAKER_00: A single applicant's total investment reaches$140,500, while a family of four must invest$155,000.
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  SPEAKER_00: Approved applicants receive their certificate of citizenship and Noruan passport upon making the required contribution and taking the oath of allegiance to Nauru.
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  SPEAKER_00: The government has partnered with Henley and Partners to design, set up, and manage the program.
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  SPEAKER_00: Nauru's establishment of the NCIP follows the Solomon Islands announcement that it has submitted a bill to create its own CIP.
• 2:23
  SPEAKER_00: This episode first appeared as an article by Ahmad Abbas on IMIDaily.com.
• 2:28
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• 2:34
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