Global Unrest Drives Surge In Interest For Nauru's CIB Programme
KUALA LUMPUR, Oct 21 (Bernama) -- Amid rising global instability, interest is surging in Nauru’s Economic and Climate Resilience Citizenship Program, one of the world’s newest citizenship by investment (CIB) offerings.
Nauru Economic and Climate Resilience Citizenship Program Chief Executive Officer, Edward Clark said geopolitical tensions in Europe and the Middle East, along with political uncertainty in the United States (US), are prompting individuals to seek security through second citizenships.
“Many people are currently feeling insecure about their place in the world and are looking for alternative citizenship options. Nauru offers CIB programmes that are seen as a vital backup even for holders of strong passports,” he said.
Launched earlier this year, Nauru’s Economic and Climate Resilience Citizenship Program offers visa-free travel to 89 countries while allowing the investor to contribute to climate resilience and sustainable development in Nauru.
According to a statement, the programme was named by the United Nations as the world’s fifth most vulnerable country to economic and climate shock.
Recent applicants include a US citizen and a European family seeking geopolitical neutrality and alignment with climate-conscious values.
Clark said even holders of traditionally strong passports are reassessing their options amid fears of policy shifts, military conscription, and travel restrictions in conflict zones, stating that even citizens of stable nations now see the strategic value in diversification.
“Strict due diligence requirements, including financial, police, and third-party checks, underpin the integrity of the Nauru programme, and these are a strong value proposition for many people,” he added.
Clark believes Nauru’s programme will continue to draw interest from globally mobile individuals who want both personal security and the opportunity to support climate resilience in a small island nation facing outsized risks.
-- BERNAMA