New Zealand is planning on making changes to its current Golden Visa Program after a recent decline in applications.
New Zealand is planning on making changes to its current Golden Visa Program in the hope of attracting more wealthy foreigners.The New Zealand government introduced the Golden Visa Program, also known as the Active Investor Visa, to attract wealthy people from other countries to come and live there. The program enables them to obtain residency as long as they contribute financially to New Zealand and meet certain criteria.
It is because of this decline that authorities are now planning to implement further changes to the program.changed the program, and that they saw a significant decline in the number of investors. Willis added that the government will make announcements regarding this in the coming weeks. She outlined plans to change legislation next year to emphasise that they need foreign capital to achieve economic objectives.
Compared to the previous requirements, the investment criteria are significantly higher. Previously, the threshold for direct investment was NZ$3 million. Additionally, some of the investments that were previously popular, such as bonds and property, are no longer eligible for this program.
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