New Zealand updates visa policy to attract investors to the country
The government of New Zealand has announced significant changes to its visa policy aimed at attracting wealthy investors and stimulating foreign investments. These measures are in response to a sharp decline in applications for golden visas after stricter rules were introduced in 2022.
Authorities plan to update the "Active Investor Visa" program, simplifying the application process for wealthy immigrants, while maintaining strict investment standards. According to the new requirements, investors will need to invest at least 5 million New Zealand dollars (about $2.9 million) in direct investments or 15 million New Zealand dollars (around $8.7 million) in passive investments, such as stocks. This increase in the threshold compared to previous requirements is 3 million New Zealand dollars (about $1.7 million).
The new criteria exclude bonds and real estate from the list of acceptable investments, focusing on investments that contribute to New Zealand's economic growth. Investors are encouraged to bring not only capital but also experience, connections, and innovative ideas.
Additionally, the government is considering revising the mandatory English language test. It is expected that Immigration Minister Erika Stanford will present a detailed report on this issue soon.
The "Active Investor Visa" program offers foreign investors the opportunity to obtain residency by making a financial contribution to the development of New Zealand. Expatriates can apply for permanent residency after 4 years and citizenship after 5 years, provided they meet language and residency requirements. Moving with family, including spouses and children up to 25 years old, is also allowed.
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