New Zealand's Golden Visa Program Attracts $2.4 Billion in First Year
New Zealand golden visa draws $2.4 bn in first year: How it works explained
Business Standard
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New Zealand's Active Investor Plus (AIP) visa program has attracted nearly NZ$4 billion ($2.4 billion) in investments within its first year. The initiative aims to draw wealthy migrants by offering residency in exchange for significant investments in local businesses. The program has received 609 applications covering 1,988 individuals.
- 01The AIP visa program attracted NZ$4 billion ($2.4 billion) in its first year.
- 02Investors can choose between two investment categories: Growth and Balanced.
- 03The minimum investment is NZ$5 million for three years or NZ$10 million for five years.
- 04The program has received applications from various countries, with the USA and China leading.
- 05The initiative is part of New Zealand's broader 'Going for Growth' agenda.
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New Zealand's Active Investor Plus (AIP) visa program has successfully attracted nearly NZ$4 billion (approximately $2.4 billion USD) in committed and pipeline investments in its first year, as announced by Immigration Minister Erica Stanford. The program, designed to lure wealthy migrants and growth capital, has already seen NZ$1.49 billion invested, with an additional NZ$2.415 billion in the pipeline. The AIP visa offers high-net-worth individuals a pathway to residency through significant investments in local businesses. It features two investment categories: the 'Growth' category requires a minimum investment of NZ$5 million over three years, while the 'Balanced' category necessitates NZ$10 million over five years. The program has received 609 applications covering 1,988 people, with strong interest from the United States and China, which account for the majority of applications. This initiative aligns with New Zealand's 'Going for Growth' agenda, aimed at enhancing productivity and supporting job creation.
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The AIP visa program is expected to boost New Zealand's economy by attracting foreign investment, which can lead to job creation and business expansion.
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