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Nauru Citizenship Program Receives First Applications, Licenses 13 Agents · IMI Podcasts

• 0:00
  SPEAKER_00: Edward Clark, chief executive of the Nauru Citizenship by Investment Program, reports receiving initial applications while targeting 60 million Australian dollars in revenue through 500 successful applicants in its first operational year.
• 0:13
  SPEAKER_00: The target revenue would constitute 20% of government income for Nauru, the world's smallest independent republic.
• 0:21
  SPEAKER_00: Clark emphasizes this program extends beyond citizenship sales, and that it is, quote, not really about selling citizenship for Nauru.
• 0:30
  SPEAKER_00: It is about raising foreign direct investment for the country to help them with their infrastructure, end quote.
• 0:36
  SPEAKER_00: He says the program maintains strict quality controls.
• 0:40
  SPEAKER_00: His team implements very robust checks to ensure they recommend applicants that are of high quality while protecting the reputation of the country and the integrity of the Nauru passport.
• 0:51
  SPEAKER_00: He confirms that the Citizenship by Investment Unit has, quote, put a lot of work into process design and efficiency, as well as training, to ensure we are prepared for the first applications, end quote.
• 1:03
  SPEAKER_00: Clark confirmed that the government has licensed 13 agents and that there are more in various stages of their application, as the government has received inquiries from over 100 different agents.
• 1:15
  SPEAKER_00: His team will be working with our licensed agents over the coming months and years ahead to provide support on the promotion of the program and to obtain feedback on the program offering.
• 1:26
  SPEAKER_00: As for potential demand, Henley and partners, who designed the program, say that the Nauru CIP ranks as their most visited and second most inquired about citizenship program online, excluding traffic through Nauru's official website.
• 1:40
  SPEAKER_00: Clark says the country is targeting a specific niche as it seeks impact investors or people that want to actually make an active contribution to the future of a country.
• 1:50
  SPEAKER_00: Each applicant must complete an interview before Clark's office recommends citizenship to the Nauru government.
• 1:58
  SPEAKER_00: This episode first appeared as an article by Amada Bas on IMIDaily.com.
• 2:05
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• 2:11
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