Nauru is selling passports through its Economic and Climate Resilience Citizenship Program to fund the relocation of residents due to climate change-related flooding. Investment of at least USD 130,000 allows foreign nationals to gain Nauru citizenship and offers visa-free travel to many countries, while also aiming to raise funds for new infrastructure and community development.
Nauru, the world’s third smallest nation located in the Pacific Ocean, is facing severe flooding due to climate change and the degradation of its land from phosphate mining. In response, the government is implementing the Nauru Economic and Climate Resilience Citizenship Program, through which it will sell passports to help finance the relocation of approximately 10,000 residents from low-elevation areas to safer ground. For those willing to invest upwards of USD 130,000, the program offers the opportunity for second citizenship with attractive benefits.
The citizenship program allows foreign investors to gain a Nauru passport, granting them visa-free access to 89 nations including prominent countries such as Hong Kong, Singapore, the United Kingdom, and the United Arab Emirates. This initiative not only provides enhanced travel flexibility but also includes immediate family members in the application, promoting ease of travel for families. There are no restrictions on minimum stay or visit requirements, making citizenship particularly appealing.
Eligibility for the citizenship program mandates that applicants are at least 18 years of age and can demonstrate a legitimate source of funds. Additionally, individuals must maintain a clean personal background and pay the program’s fees: USD 130,000 for a single applicant, USD 137,500 for a family of two to four, and USD 145,000 for families of five or more, with possible additional costs.
President David Adeang aspires to raise over USD 65 million through this initiative, which will facilitate the construction of a new township, create job opportunities, and foster agricultural development. It is expected that approximately 90 percent of Nauru’s population will eventually relocate as part of this ambitious transformation plan. Nauru is renowned for its diverse coral reefs, beautiful beaches, freshwater lakes, and lush vegetation, making it an attractive place despite its challenges.
In summary, Nauru is leveraging its citizenship program to secure funds necessary for relocating residents threatened by climate change. This innovative approach helps address the immediate dangers posed by flooding while offering individuals significant travel benefits. The nation’s commitment to transformation and resilience is evident through its strategic initiatives aimed at enhancing the safety and livelihood of its population.
Original Source: www.travelandleisureasia.com
