New Zealand Simplifies Investor Visa to Attract Global Wealth

In a bid to revitalize its economy and attract global wealth, New Zealand is simplifying its investor visa program. From April 1, the government will implement significant changes to the Active Investor Plus visa, making it more flexible and appealing to high-net-worth individuals. Key modifications include the removal of the English language requirement and adjustments to residency obligations, ensuring that New Zealand remains a prime destination for international investors.

New Zealand: A Strategic Move to Boost the Economy

After experiencing an economic slowdown in 2024, New Zealand is actively seeking capital infusion to drive economic growth. Immigration Minister Erica Stanford emphasized the need for a streamlined visa process, stating, “Capital is highly mobile, and in an increasingly complex world, people are looking for a safe and stable country to do business. We are now making our investor visa simpler and more flexible to incentivize investors to choose New Zealand as a destination.”

The government is restructuring foreign investment regulations and has established a single agency to serve as a one-stop shop for international investors. Additionally, policies now accommodate remote workers, hoping to attract highly skilled professionals who may transition to permanent residency.

Two Investment Pathways Under the New Visa

Under the revised Active Investor Plus visa, investors can choose between two categories:

1. Growth (Higher Risk Investment)
   • Requires a minimum investment of NZ$5 million over three years.
   • Investment must be made directly into businesses or managed funds.
   • Visa holders need to spend only 21 days in New Zealand.
2. Balanced (Mixed Risk Investment)
   • Requires a minimum investment of NZ$10 million over five years.
   • Eligible investments include bonds, stocks, new residential property developments, or existing commercial and industrial property.
   • Visa holders must spend at least 105 days in New Zealand, unless they invest beyond the required minimum.

New Zealand’s Competitive Edge in the Global Market

New Zealand’s decision to simplify its investor visa program comes as many countries tighten or phase out similar initiatives. Spain is set to discontinue its golden visa scheme on April 3, while the UK, Ireland, the Netherlands, Greece, and Malta have all imposed stricter regulations. Meanwhile, Australia has effectively abolished its Significant Investor Visa, which required an investment of A$5 million ($3 million), due to concerns that it was being exploited by individuals investing in financial assets rather than contributing to economic development.

Economic Growth Minister Nicola Willis reinforced New Zealand’s commitment to attracting foreign investment, stating, “We should be rolling out the welcome mat and encouraging investor migrants to choose New Zealand as a destination for their capital. Foreign investment has the potential to create jobs for Kiwis and enhance incomes by establishing and expanding businesses.”

Reviving Investor Confidence

The Active Investor Plus visa previously generated an average of NZ$1 billion ($570 million) per year but has struggled since rule changes in 2022. Immigration New Zealand reports that only 43 applications have been fully approved under the revised program, resulting in NZ$545 million in committed investments. By making the visa more accessible and investor-friendly, the government aims to restore confidence and stimulate economic activity.

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