New Zealand Set to Ease Visa Rules to Attract Foreign Investors, Boost Economic Growth
New Zealand's center-right government is relaxing visa rules to entice more foreign investors and stimulate economic growth.
Effective April 1, the country's investor visa category will become "simpler and more flexible," according to Immigration Minister Erica Stanford.
This move is intended to encourage investors to select New Zealand as their destination for capital, expertise, and international connections.
"These adjustments will accelerate economic expansion and result in a brighter future for all New Zealanders," stated Stanford in a statement.
The government is establishing two new visa categories: one for "higher-risk investments" and another for "mixed investments." This follows the recent easing of visa regulations allowing tourists to work remotely while traveling in the country, which was intended to boost tourism.
After experiencing a technical recession in Q3 of 2024, the New Zealand government is seeking to revitalize growth. In January, it introduced Invest New Zealand, a component of the government's international economic development agency, to provide foreign investors with a single point of contact.