How a Nauru Second Passport Became theFoundation of a Family Legacy Fund

Case at a glance

Situation, solution and outcome in seven lines

Client

Family planning their legacy

Objective

sustainable legacy fund for future generations

Program

Nauru, Citizenship by Investment (Nauru Economic and Climate Resilience Citizenship Program)

Key Considerations

role of the founder's citizenship in the structure

Rationale

neutral passport increases structural flexibility

Solution

second Nauru citizenship as the fund's foundation

Outcome

Nauru passport as the basis of legacy planning

Client story

Client Story

We were establishing a legacy fund for our children and grandchildren and understood that what matters is not only the structure itself but also the citizenship of the person behind it. Dmitry explained that a neutral passport makes the structure more flexible and resilient, and Nauru also does not tax worldwide income. We obtained second citizenship and made it the foundation of our fund—together with our tax specialists. Now our legacy structure has a reliable and flexible foundation for the future.

Key Considerations

Key Considerations

There was no threat here—there was a task to establish a resilient foundation. Without attention to the founder's citizenship, the legacy structure could have proven less flexible and more vulnerable to external factors tied to the passport. The key was to approach citizenship selection as part of legacy planning and integrate the neutral passport into the structure together with specialized professionals.

The logic of the solution

How the matter progressed: from checks to result

The chart is built from the facts of this matter and shows the logic of the work without decorative or unverified data.

How we handled the matter

How we handled the matter

The work was split into verifiable stages so that every conclusion rested on documents.

1. 01

   Stage 1

   Determined the planning horizon. First, we established that the family thinks in generational terms and is building a family foundation. This shaped our approach—to select citizenship as part of a long-term structure.

2. 02

   Stage 2

   Demonstrated the role of the founder's citizenship. We explained that the sustainability of the foundation depends not only on its form, but also on the passport of the person behind it: geopolitical baggage or restrictions reduce the flexibility of the entire structure.

3. 03

   Stage 3

   Selected the neutral Nauru passport. For this purpose, we chose Nauru—a neutral jurisdiction that does not impose personal income tax on worldwide income, thereby providing the structure with a flexible and sustainable foundation.

4. 04

   Stage 4

   Coordinated the role with specialized professionals. We immediately defined boundaries: citizenship provides the foundation, while specific tax and legal matters regarding the foundation are handled by specialized professionals. The passport was incorporated into the structure in coordination with them.

5. 05

   Stage 5

   Obtained Nauru citizenship. We made the investment under the program and obtained a neutral second passport for the family through a clear process.

6. 06

   Stage 6

   Incorporated the passport as the foundation of the foundation. Neutral citizenship formed the basis of the inheritance structure, enhancing its flexibility and sustainability. How to dispose of the inheritance was decided by the family itself together with specialized professionals.

Expert comment

Inheritance planning is always about future generations, and there is a nuance here that many overlook: the sustainability of a foundation or trust depends not only on the legal form but also on the citizenship of the person behind the structure. A passport with geopolitical baggage or rigid restrictions makes the entire construction less flexible and more vulnerable. Therefore, a neutral second citizenship is part of inheritance planning, not a separate matter. Nauru is attractive in two respects: it is a neutral jurisdiction, and it does not impose personal income tax on worldwide income, which is important for long-term structures. However, I always clearly define boundaries: citizenship provides the foundation, while specific tax and legal matters regarding the foundation are the domain of specialized professionals with whom we work in coordination. For this family, we incorporated a neutral passport as the foundation of the inheritance structure, and they decide themselves how to manage the inheritance. The right foundation is half the success of long-term planning.

Outcome

What the client received

What was required

How we did it · Result

Flexible structure foundation

Neutral Nauru passport · Sustainable support

Account for the founder's citizenship

Selection for inheritance planning · More reliable structure

Tax aspect

In coordination with specialized professionals · Planning executed correctly

Obtain a passport

Investment under the program · Nauru citizenship as the foundation of the foundation

Obtain a passport

Investment under the program · Nauru citizenship as the foundation of the foundation

The situation: the family was building a family foundation and wanted to rely on the founder's neutral citizenship for structure flexibility. What we did: determined the planning horizon; demonstrated the role of the founder's citizenship; selected the neutral Nauru passport; coordinated the role with specialized professionals; obtained citizenship; incorporated the passport as the foundation of the foundation. What the family received: neutral Nauru passport as the basis of inheritance planning.

Practical takeaway

What matters in a similar situation

• Conclusion: the sustainability of a family foundation depends on the founder's citizenship. A neutral second passport—such as Nauru's, which does not impose personal income tax on worldwide income—provides a flexible foundation, while tax matters are addressed by specialized professionals.
• The family established a reliable foundation for the inheritance structure—because we selected the neutral Nauru passport as part of long-term planning and incorporated it into the foundation together with specialized professionals.

FAQ

Questions people ask in a similar situation

About the author

Author: Sergey Evdokimov

Managing Partner, BRIDGES

As Founder and Managing Partner of BRIDGES, I am responsible for the firm's strategy and personally lead its most complex client matters, including cases in which citizenship or residence decisions require a strategic view and consideration of capital.

I begin by defining the objective: the outcome the client needs, the facts that affect the choice, and the matters that require further review. I then establish the available directions, the sequence of work, and the key decision points.

Once the strategy has been agreed, I oversee the BRIDGES team's key decisions and remain involved at the stages that shape the course of the matter. The purpose is to give the client a clear rationale for the chosen direction and a precise understanding of the next steps.

Prepared on the basis of BRIDGES practice and reviewed by a subject-matter expert.

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