Nauru is a small island nation located in the central Pacific Ocean. Its neighboring countries include Kiribati to the east, the Marshall Islands to the north, the Solomon Islands to the southwest, and Papua New Guinea to the west.
The capital district, Yaren, is the administrative center of the country. The international airport is located nearby, providing air connection mainly to Australia and nearby Pacific islands. Tourists are attracted by untouched beaches, coral reefs, fishing, and diving opportunities.
The country has a developing economy. The most significant sectors of the economy are phosphate mining, offshore banking, and fishing licenses granted to foreign vessels.
Nauru is a member of the Commonwealth of Nations, providing diplomatic ties and cooperation with the UK and other member countries. Additionally, Nauru is a member of the Pacific Islands Forum, the United Nations, and the Asian Development Bank.
There are three main types of banks in Nauru: local banks, international banks, and offshore banking institutions. The local currency is the Australian Dollar (AUD). Offshore banking services attract entrepreneurs due to tax-friendly conditions, confidentiality, and financial flexibility.
Real Estate Prices
- Apartments and Condominiums: Residential apartments in Nauru are relatively rare due to the island's small size. Prices for apartments or condominiums in Yaren or nearby areas may start at $150,000, depending on location and condition.
- Houses and Villas: The cost of houses in Nauru varies depending on size and proximity to the coast. Prices for villas with ocean views can range from $300,000 to $1,000,000. Properties near popular beaches or in secure districts are the most expensive.
- Land Plots: Land in Nauru is limited and highly valued. Prices for land plots can start at $100,000 for small parcels in inland areas, reaching up to $500,000 for coastal plots with direct beach access.
The real estate market in Nauru remains niche and limited, with interest mainly from local buyers or foreign investors engaged in long-term projects or government collaborations.
The country offers attractive tax conditions for investors, including no capital gains tax and limited property-related taxes.
Who Can Obtain Citizenship
Nauru grants citizenship mainly by birth, descent, or through naturalization. The following categories of individuals can obtain Nauruan citizenship:
- Individuals born in Nauru to Nauruan parents.
- Children of Nauruan citizens born abroad.
- Foreign nationals married to Nauruan citizens may apply for citizenship after a qualifying period of residency.
- Long-term residents contributing to the country's development may apply for citizenship under special circumstances.
All applicants must meet the government’s requirements, including residency duration and clean criminal record, and undergo an approval process by the authorities.