newYou can listen to Fox’s news articles!
New Zealand’s active investors and visas (also known as “golden” visas) have seen the recent boom, creating a new trend among the American elite.
“[There has been] New Zealand’s immigrant Minister Erika Stanford said it was a flood of formal interest in a new “golden” visa.”
In April, the government relaxed visa rules and made changes such as removing the English requirements to attract more wealthy individuals.
The rare “tsunami” roll cloud floats above beach fans at popular destinations
The country also reduced the time it takes to spend on new zealand.
Once a Golden Visa is obtained, it can be held for the rest of your life. People don’t need to reapply.
New Zealand is reporting 189 “golden” visa applications three months after relaxing the requirements for obtaining documents. (istock)
In less than three months, 189 Golden Visa applications were received, but the previous applications had 116 submissions over two and a half years, Reuters reported.
Almost half of the applications were submitted by US citizens. Chinese citizens The same source pointed out that it has the second highest number of applications.
Click here to sign up for our Lifestyle Newsletter
Former New Zealand Economic Development Minister Stuart Nash, co-founder of Nash Kelly Global, told Fox News Digital that the visa is becoming more popular.
“There is a lot of global uncertainty at this point,” he said.
Almost half of “golden” visa applications were submitted by US citizens. (istock)
“You have a war going on in Europe, you have a Tinderbox, the Middle East. You US administrationcausing more polarization than we’ve seen in a long time,” Nash said.
“There are many Americans who want to settle in New Zealand, as we are considered this oasis at the bottom of the world,” he added.
“You can live your dreams of New Zealand.”
Nash pointed to New Zealand’s “stable banking system” and lack of capital gains, wealth and death taxes.
For more lifestyle articles, please visit foxnews.com/lifestyle
“In this period of global uncertainty, geography is just as important as anything else. You’re jumping on it plane And you’re 1,200 miles from the trouble spot,” Nash said.
He said, “In the past, people were looking for tax havens. Now they Looking for a safe shelter For them and their families. ”
New Zealand’s “stable banking system” and lack of capital gains, wealth and death taxes are one of the reasons for the rise in “golden” visas. (istock)
Nash said the country’s low population is a unique perk.
“We have great views, sailing, Golf – and There are some pretty cool people,” Nash said.
Click here to get the Fox News app
He said, “You don’t have to give up your US citizenship at all. You can live your lifetime permanent residence and you can live your New Zealand dream.”
Reuters contributed a report to this article.
