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Solomon Islands approves incentives for investors applying for citizenship

Solomon Islands approves incentives for investors applying for citizenship

Solomon Islands offers a number of benefits to its citizens. Now it is possible for foreign investors to obtain a jurisdiction passport in a simplified manner. It is worth clarifying that we are not talking about a full-fledged program for obtaining citizenship by investment.

In October 2023, parliamentarians approved changes and additions to the law “On Citizenship”. The new rules make it easier to obtain local citizenship for foreigners who maintain close ties with the host country and provide it with financial support through incentives for the employment of citizens and residents, the purchase of real estate or business investment.

In addition to investment, applicants will have to maintain close ties with the host country for at least 5/10 years.

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