Great news for those planning to visit New Zealand
file photo
file photo
WELLINGTON (Web Desk): The New Zealand government has announced relaxation in visa rules to boost the country's economy and attract foreign investors.

Under the new policy, two new investment visa categories have been introduced, including the Growth Category and the Balanced Category, which will be effective from April 1, 2025.

The government has also issued several important investment conditions, the most prominent of which is that at least 75% of the investment must be in New Zealand s listed share market or bonds, while only 25% of the capital can be held in a bank account (cash or term deposit). Previously, this limit was 100%.

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According to the international media, investors can now also invest in property development companies in New Zealand, which was not possible before.

In addition, successful applicants under the Active Investor Plus visa will be allowed to reside permanently in New Zealand. The government has also removed the minimum investment cap, but the visa requires immediate deposit of the full capital.

A new facility, On Call Investments, has also been introduced, under which investors can initially place their funds temporarily in eligible assets (such as bonds, listed stocks, bank accounts), and later transfer them to managed investments.

In addition, permanent residency will also be granted to newborn children of investors, who will be allowed to live in New Zealand under a Dependent Child Resident Visa.

The new policy also removes the English language requirement, so that non-English speaking investors can also benefit from this program.

The investment must be completed within 6 months, however, an extension of another 6 months can be applied for if necessary. Visa applications can be made through the existing online form, which is being updated soon in accordance with the new policy.