New Zealand Overhauls 'Golden Visa' Program to Attract Wealthy Investors

The revised visa scheme, effective April 1, simplifies requirements, expands investment options, and reduces residency obligations to boost economic recovery.

• The updated Active Investor Plus visa introduces two categories: 'Growth,' requiring NZ$5 million over three years, and 'Balanced,' requiring NZ$10 million over five years.
• Key changes include removing the English-language requirement and reducing the minimum residency period for visa holders.
• The 'Growth' category focuses on higher-risk investments, such as local businesses, while 'Balanced' supports mixed investments, including bonds and property.
• The reforms aim to revive New Zealand's golden visa program, which has seen a decline in applications and investments since stricter rules were implemented in 2022.
• Government officials highlight the potential for foreign investment to spur economic growth, create jobs, and support recovery from a 2024 recession.

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