Wealthy Americans Increase Applications for New Zealand's Golden Visa Amid Eased Requirements
Wealthy Americans are increasingly applying for New Zealand's 'golden visas' as the country has eased its criteria for approval. Over the past 14 months, more than 700 wealthy foreigners have applied for these visas, a significant increase from the 115 applications in the previous three years. Notably, over one-third of these applications have been submitted by Americans, with a significant number coming from California. The golden visa, formally known as the Active Investor Plus Visa, requires a minimum investment of $5 million New Zealand dollars over three years. The New Zealand government has also reduced the minimum investment requirement from $15 million to $5 million for the growth category and $10 million for the balanced category. The program allows visa holders to remain in New Zealand indefinitely and work in the country.