Golden opportunities: New Zealand's visa overhaul opens doors for global investors

Proceeding from a new article, Forbes describes that New Zealand, famous for its breathtaking landscapes and high-quality lifestyle, is now making it even easier for people to settle down or visit long-term. 

The country has launched a new digital nomad visa and revamped its golden visa program to encourage investment and talent.

In a move that sets it apart from other nations, New Zealand introduced its long-term digital nomad visa last month, which does not require a minimum monthly income. This makes it an attractive option for remote workers from around the world. Simultaneously, Prime Minister Christopher Mark Luxon announced that the golden visa process would be simplified starting from April 1, 2025. The golden visa, which offers a pathway to permanent residency through investment, will now feature a more streamlined approach, including the removal of the English language requirement and a reduction in the investment amounts.

The previous system, which had complex investment requirements, has been replaced by two new portfolio types. Investors can now meet the requirements with investments ranging from $2.9 million over three years to $5.8 million over five years, with stay requirements between 21 and 105 days. This change, according to Luxon, is "rolling out the welcome mat" for newcomers.

New Zealand has become an increasingly popular destination for those seeking a safe, stable lifestyle. With just over 5 million people, it’s one of the least densely populated countries in the world. Experts like Dominic Jones, Managing Director of Greener Pastures New Zealand, say the country’s appeal lies in its quality of life, political stability, and geographical isolation from global conflicts.

However, golden visa programs have faced criticism for inflating local housing prices and offering privileges to the wealthy. Some argue that such programs don’t contribute enough to the economy. Despite these concerns, advocates argue that they help stimulate economic growth.

With the new visa changes, New Zealand hopes to attract more talent, investment, and visitors to stimulate its economy amid a growing emigration issue, especially as many locals seek opportunities abroad.

By Naila Huseynova