New Zealand plans ‘Golden Visa’ changes to lure wealthy migrants
The Active Investor Plus Visa that historically lured rich individuals to New Zealand and raked in an average NZ$1 billion ($580 million) a year has languished after rule changes in 2022. Just 35 applications have been fully approved in the past two years, equating to NZ$352 million of nominated investment funds, according to data from Immigration New Zealand.
ALSO READ: 7 reasons to pick New Zealand as Australia tightens rules for international students
“We are conscious that the last government changed those settings and we saw a marked decline in the number of investors,” Finance Minister Nicola Willis said in an interview Thursday in Wellington. “You can expect to see announcements from us on that in the coming weeks.”
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ALSO READ: New Zealand announces significant visa fee increases from October; student visas to get costlier too
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