This Island Nation in the Pacific Is Selling Passports for $90,000 — Here's What Buyers Get
4 Articles
4 Articles
Inside Naoero's $90,000 citizenship offer, including extra fees, background checks and visa-free travel
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 application process receive a passport, emphasizing the…
This island nation in the Pacific is selling passports for $90,000 — here's what buyers get
Nauru, a Pacific island nation threatened by rising sea levels, is offering citizenship through a $90,000 investment programme to raise funds for climate adaptation. Here's how the "golden passport" scheme works, what benefits it offers, and why it has sparked debate over security and ethics.
The market for golden passports, a segment to which global investors resort to diversify their mobility and their property options, has added a new actor with a highly competitive profile. São Tomé and Príncipe, an African archipelago off the coast of Gabon, has begun issuing citizenship for investment to foreigners in exchange for a single contribution of $90,000, one of the lowest entry barriers in the sector. According to data from Immigrant …
Nauru Offers $90,000 Passports for Climate Funding
The Pacific island nation of Nauru is offering citizenship for $90,000, with proceeds dedicated to funding critical projects to combat rising sea levels. The post Nauru Launches $90,000 ‘Golden Passport’ Program to Fund Climate Fight appeared first on Business Elites Africa.
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