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Summarised by Centrist
New Zealand’s government plans to overhaul its “golden visa” program to boost wealthy immigration after a sharp decline in applications following 2022 rule changes.
The Active Investor Plus Visa, once generating NZD $1b annually, attracted just NZD $352m in the past two years, with only 35 applications approved.
Finance Minister Nicola Willis said reforms will focus on making New Zealand more appealing to foreign investors, who bring not only capital but also expertise, networks, and additional economic engagement.
Current visa requirements demand at least NZD $5m in direct investments or NZD $15m in passive investments, excluding property and bonds—previously popular choices.
The government is also considering easing restrictions such as the English-language test, while debates continue over relaxing a ban on foreigners buying homes valued under NZD $2m. Policy details are expected in coming weeks as part of broader overseas investment reforms.
