Who has joined, and what we have raised.

Every registration and every guilder raised to build the Sovereign Covenant State, published in one place. Proof is the default — the numbers the State relies on are the numbers the public can see.

Apply for citizenship Become an e-resident

Demonstration figures. The live registry feed is under development; figures shown are illustrative as of 30 September 2026 and will be replaced by ledger-attested data when the feed is connected.

Registered e-residents

1,936 applications in review

Citizens of the Covenant

All routes, Oath sworn

Registered companies

Corporate registry

AEY

Raised to date

1 AEY = 1 EUR

Building the Sovereign Covenant State

58% of the Phase 1 build-out is funded.

2.45bn AEY raised against a Phase 1 target of 4.2bn AEY for the port, the capital and the grid.

0Target 4.2bn AEY

Where it comes from

Funds raised by source

No personal income tax: the Sovereign Covenant State is funded by capital, fees and concessions.

Founding endowment capital1.5bn AEY
Initial capital of the Covenant Endowment
Covenant Development Bonds612m AEY
Subscriptions to infrastructure bonds
Covenant Investor contributions303.5m AEY
National Development Contributions
Company registry fees15.8m AEY
Incorporations and annual licences
Port & energy concessions12.5m AEY
Concession fees, St. Brendan & Benedict
E-residency fees6.2m AEY
500 AEY per e-resident per year

Total raised2,450,000,000 AEY

Where it goes

Committed allocation

Share of raised capital committed to each programme. Every disbursement is receipted on the ledger.

St. Brendan deepwater port38%
931m AEY
Antioch civic core22%
539m AEY
Sovereign energy grid18%
441m AEY
Retained in the Endowment15%
367.5m AEY
Digital state & StableChain7%
171.5m AEY

Audit the receipts

Citizenship by route

1,663 citizens have sworn the Covenant Oath.

A further 6,310 people have registered interest in lawful residence, which opens with territorial establishment and starts the five-year path to naturalisation.

Check your eligibility

Covenant Investor route1,214
Qualifying investment, due diligence and the Covenant Oath
Founding citizens412
The founding cohort of the Covenant
Citizenship by covenant award37
Outstanding service, ratified by the Covenant Assembly
Naturalisation by residence0
Opens once territorial residence has begun

Last twelve months

New registrations

New e-residentsper month · e-residents

View as table

Month	e-residents
Oct 25	420
Nov 25	510
Dec 25	580
Jan 26	760
Feb 26	840
Mar 26	910
Apr 26	1,020
May 26	1,140
Jun 26	1,260
Jul 26	1,390
Aug 26	1,510
Sept 26	1,640

New citizensper month · citizens