Friday, November 22, 2024

NZ Investor visas hugely popular with UHNW – $34 billion invested, 5000 visas approved each for $5m

New Zealand is the top migrant destination for UHNW with New Zealand being strong society, offering high level of personal freedom with access to free open markets.

 

NZ is known to attract large number of Chinese, American and British millionaires.

 

The NZ Golden visa scheme has silently become one of the biggest, highly successful and most popular scheme targeting only High-net worth (HNW) and Ultra-high net worth (UNHNW) with a minimum threshold of $5 million, despite being most expensive scheme in the world compared with UK, Cyprus and Australia.

 

These are the most expensive golden visa schemes in the world

 

  • New Zealand – NZD 5 million
  • United Kingdom – £2m (tier1 investor)
  • Cyprus – €2m (investment citizenship scheme)
  • Australia – AUD 1.5 million
  • Czech Republic – €3m
  • Ireland – €1m
  • Canada – CAD 1.2m

 

Expensive Golden visas
Most Expensive Golden visas for HNW/UHNW in US dollar scale requiring atleast a million

 

New Zealand’s golden visa scheme has received staggering number of applications. Over 7000 applications for NZD$ 5 million investment and over 1100 applications for NZ$ 10m investment, according to Immigration NZ statistics

 

With the number of applications approved, NZ$ 25.5 billion invested in investor 2 ($5m) scheme, and another NZ$ 8.5 billion invested through investor 1 ($10m) making the total investment NZD$ 34 billion since the launch of the scheme in  2008

 

NZ Investor visas

 

NZ has received over 7000 applications for $5m visas and over 1000 applications for $10m visas between 2008 and Feb 2019

 

  • Investor 1 – 859 residence visa applications approved
  • Investor 2 – 5100 residence visa applications approved

 

 

Approved Residence Visas for Investors
Investor visa statistics from 2008 to Feb 2018 – Source: Immigration NZ

 

New Zealand’s business migration policies offer a unique opportunity to enjoy New Zealand’s exceptional lifestyle while developing their business interests. Investors and entrepreneurs can have the best of both worlds – a sophisticated lifestyle in one of our urban centers, and easy access to some of the world’s most stunning landscapes.

 

Peter Thiel, founder of Paypal and early facebook investor who bought a home and also received citizenship once said “no other country that aligns more with my view of the future than New Zealand”

 

NZ Golden visa

New zealand offers two types of golden visas for investors

 

  • Investor 1 (NZ$ 10m) invested for 3 years and spend 44 days in 2 years
  • Investor 2 (NZ$ 5m) invested in 2 years and spend  146 days in 3 year period, also subjected to quota of 400 per year

 

The funds can be invested in  equities or bonds issued by government, companies or financial firms . Investments in residential properties for personal use not allowed ( commercial properties exempt)

 

Both visas are granted for indefinite duration.

 

Investor 2 candidates are required to file for Expression of Interest (EOI).  Every two weeks Immigration New Zealand selects as many Expressions of Interest from the pool of applicants. Applicants has to score 160 points.

 

 

Investor 1 ($10m)

 

Approved Denied Total applications Refusal %
2009-10 9 2 11 18.18%
2010-11 33 4 37 10.81%
2011-12 6 19 25 76.00%
2012-13 68 10 78 12.82%
2013-14 77 17 94 18.09%
2014-15 81 32 113 28.32%
2015-16 103 84 187 44.92%
2016-17 145 57 202 28.22%
2017-18 168 49 215 22.79%
2018-19 169 35 204 17.16%
Total 859 309 1166 26.50%

NZ Resident visas decided for investor category – Date of decision between 1 July 2008 and 28 February 2019

Source: Immigration New Zealand

 

Investor 2 ($5m)

One in three applications are refused for this category. This is because of the quota implemented.

Approved Denied Total applications Refusal %
2009-10 30 9 39 23.08%
2010-11 95 47 142 33.10%
2011-12 178 71 249 28.51%
2012-13 306 188 494 38.06%
2013-14 516 198 714 27.73%
2014-15 500 423 923 45.83%
2015-16 986 746 1732 43.07%
2016-17 1273 475 1748 27.17%
2017-18 860 324 1184 27.36%
2018-19 356 177 533 33.21%
Total 5100 2658 7758 34.26%

NZ Resident visas decided for investor category – Date of decision between 1 July 2008 and 28 February 2019

Source: Immigration New Zealand

 

These figures clearly indicates New Zealand attracts large number of millionaires and this trend will continue even more.

Prabhu Balakrishnan
Prabhu Balakrishnan
Founder of Citizenship by Investment News. Chief Editor with over 15 years experience in PR and News publishing. He Loves writing about citizenship, residency and wealth migration. CIP Journal is a Leading publication founded in 2017 bringing latest news from CBI/RBI market.

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