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New Zealand eyes overhaul of 'Golden Visa' scheme to woo wealthy immigrants


Published on 2024-12-16 06:00:47 - Business Standard
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  • New Zealand is reviewing the visa's investment requirements, with announcements by immigration minister Erica Stanford expected soon

New Zealand is considering a significant overhaul of its "Golden Visa" scheme to attract more wealthy immigrants, aiming to boost its economy. The current investor visa, which requires a minimum investment of NZ$10 million, has been criticized for not providing enough economic benefits. The proposed changes include reducing the investment threshold, introducing new investment categories like venture capital and private equity, and potentially offering residency for investments in less liquid assets. This move comes as part of a broader strategy to make New Zealand more appealing to high-net-worth individuals, especially in light of global competition for such investors. The government is also looking at enhancing the visa's appeal by offering more flexible investment options and possibly integrating it with other immigration pathways.

Read the Full Business Standard Article at:
[ https://www.business-standard.com/finance/personal-finance/new-zealand-eyes-overhaul-of-golden-visa-scheme-to-woo-wealthy-immigrants-124121600734_1.html ]