The elite group of the United States flocks to this distant paradise in “global uncertainty”
NewYou can listen to Fox News articles now!
Active investors in New Zealand plus visas (also known as “gold” visas) have seen a recent boom, with new trends already emerging in the American elite.
“[There has been] According to Reuters, New Zealand Immigration Minister Erica Stanford said formal interest in the new “gold” visa is flooded.
In April, the government relaxed its visa rules to attract more high net worth individuals, and with it, such as eliminating English requirements.
Rare “tsunami” cirrus clouds hover at popular destinations
The country has also reduced the time spent in New Zealand.
Once you have obtained a golden visa, you can save it for life. People don’t need to reapply.
New Zealand reported 189 “golden” visa applications within three months after relaxing requirements for accessing documents. (iStock)
According to Reuters, 189 golden visa applications were received in less than three months, while 116 of the previous applications were submitted in more than two and a half years.
The same source pointed out that nearly half of the applications were submitted by U.S. citizens, and the number of applications for Chinese citizens was the second highest.
Click here to sign up for our lifestyle newsletter
New Zealand’s economic development minister Stuart Nash, co-founder of Nash Kelly, told Fox News Digital that visas are becoming increasingly popular.
“There is a lot of global uncertainty right now,” he said.
U.S. citizens have submitted nearly half of their “golden” visa applications. (iStock)
“You have a war in Europe and you already have Tinderbox in the Middle East. You have a change in the U.S. government, which leads to polarization than we have seen for a long time,” Nash said.
He added: “Many Americans want to settle in New Zealand, just as we are seen as an oasis at the bottom of the world.”
“You can realize your New Zealand dream.”
Nash pointed out that New Zealand’s “stable banking system” and lack of capital gains, wealth and death taxes.
For more lifestyle articles, visit foxnews.com/lifestyle
“In this era of global uncertainty, geography is as important as anything else. You jump on a plane and you’re 1,200 miles from the point of failure,” Nash said.
He added: “In the past, people were looking for tax havens. Now, they are looking for safe havens 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 increase of “gold” visas. (iStock)
Nash said the country’s low population is a unique benefit.
“We have wonderful scenery, sailing, golf – we have some cool people.”
Click here to get the Fox News app
He added: “You don’t have to give up on your U.S. citizenship at all. You can live forever and you can realize your dream in New Zealand.”
Reuters contributed the report to this article.
