Latest news with #NashKellyGlobal
Yahoo
04-06-2025
- Business
- Yahoo
Former New Zealand Minister on Golden Visa Surge
Stuart Nash, Former New Zealand Minister for Economic Development and Co-founder of Nash Kelly Global, discusses the outlook for US-New Zealand relations and the surge in golden visa applications. He speaks with Haslinda Amin on the "Insight with Haslinda Amin". Sign in to access your portfolio
Bloomberg
03-06-2025
- Business
- Bloomberg
Former New Zealand Minister on Golden Visa Surge
Stuart Nash, Former New Zealand Minister for Economic Development and Co-founder of Nash Kelly Global, discusses the outlook for US-New Zealand relations and the surge in golden visa applications. He speaks with Haslinda Amin on the "Insight with Haslinda Amin". (Source: Bloomberg)
Economic Times
23-05-2025
- Business
- Economic Times
New Zealand sees surge in golden visa applications following policy reforms, wealthy Americans lead the way
New Zealand has experienced a significant increase in applications for its "golden visa" program, officially known as the Active Investor Plus Visa, after implementing policy changes aimed at attracting foreign investment. In the six weeks since the revised rules took effect in April 2025, 65 new applications have been submitted, with the majority originating from the United States, as per a report by Financial Times. The updated visa program reduced the minimum investment requirement to NZ$5 million (approximately US$3 million) and eliminated the English language proficiency requirement. Additionally, the residency obligation was decreased from three years to just 21 days. The application processing time has also been shortened, averaging 11 days. According to the report by Financial Times, of the new applications, 55 are from US citizens, followed by 15 from Hong Kong and 12 from China. This influx represents a minimum capital inflow of NZ$620 million. Stuart Nash, a former immigration minister and co-founder of relocation consultancy Nash Kelly Global, attributed the surge to political factors in the United States. He stated to the Financial Times, "It's the main driver. Many of the people applying are of a different political persuasion to President Trump." (Join our ETNRI WhatsApp channel for all the latest updates) The policy changes are part of Prime Minister Christopher Luxon's strategy to stimulate New Zealand's economy by attracting foreign investment. The government is also considering further easing restrictions on foreign property purchases, although such measures face opposition within the coalition. Immigration Minister Erica Stanford commented on the increased interest, stating that the numbers indicate New Zealand is "open for business."The revamped visa program contrasts with the previous government's stricter approach, which had tightened investment visa rules in 2018 following controversies over the granting of citizenship to wealthy foreigners.
Time of India
22-05-2025
- Business
- Time of India
New Zealand sees surge in golden visa applications following policy reforms, wealthy Americans lead the way
New Zealand has experienced a significant increase in applications for its " golden visa " program, officially known as the Active Investor Plus Visa , after implementing policy changes aimed at attracting foreign investment. In the six weeks since the revised rules took effect in April 2025, 65 new applications have been submitted, with the majority originating from the United States, as per a report by Financial Times. The updated visa program reduced the minimum investment requirement to NZ$5 million (approximately US$3 million) and eliminated the English language proficiency requirement. Additionally, the residency obligation was decreased from three years to just 21 days. The application processing time has also been shortened, averaging 11 days. According to the report by Financial Times, of the new applications, 55 are from US citizens, followed by 15 from Hong Kong and 12 from China . This influx represents a minimum capital inflow of NZ$620 million. Stuart Nash, a former immigration minister and co-founder of relocation consultancy Nash Kelly Global, attributed the surge to political factors in the United States. He stated to the Financial Times, "It's the main driver. Many of the people applying are of a different political persuasion to President Trump." (Join our ETNRI WhatsApp channel for all the latest updates) The policy changes are part of Prime Minister Christopher Luxon's strategy to stimulate New Zealand's economy by attracting foreign investment. The government is also considering further easing restrictions on foreign property purchases, although such measures face opposition within the coalition. Live Events RECOMMENDED STORIES FOR YOU New Zealand Finance Minister Nicola Willis' budget 2025 full speech: Trump's tariffs, slow growth, economic challenges Indian couple in New Zealand admit $2 million fraud on Ministry for Children New Zealand braces for severe weather, heavy winds, and thunderstorms expected Immigration Minister Erica Stanford commented on the increased interest, stating that the numbers indicate New Zealand is "open for business." The revamped visa program contrasts with the previous government's stricter approach, which had tightened investment visa rules in 2018 following controversies over the granting of citizenship to wealthy foreigners.
Mint
22-05-2025
- Business
- Mint
US leads New Zealand 'golden visa' applications; former immigration minister says Trump pushes global ‘uncertainty'
Under new looser rules, the demand for New Zealand's 'golden visas' has risen significantly in the past six weeks, with majority of the applications coming from the US, Financial Times reported. In a bid to strengthen the country's flagging economy, Prime Minister Christopher Luxon's government relaxed the rules of its golden visa programme in February, which could lure foreign investment. Since the revamped program was launched, it has received 65 new applications within six weeks, along with 39 carried-over applications, of which 42 have been approved, according to data from New Zealand's immigration department. This amounts to a minimum investment of NZ$620 million. The majority of the new applications, 55 in total, originated from the United States, making it the top source country. Hong Kong and China followed with 15 and 12 applications respectively, according to the department. The new scheme, implemented in April, eliminated English-language requirements and reduced the investment threshold for "growth" visas to NZ$5 million (US$3 million). Applicants now need to spend only 21 days in the country to qualify for residency, a significant reduction from the previous three-year requirement. According to the immigration department, the average processing time has also been shortened to just 11 days. A higher-tier 'balanced' visa requires an investment of NZ$10 million but permits investments in bonds, equities, and property development, and also includes residency benefits for family members. Stuart Nash, a former immigration minister and co-founder of the relocation consultancy Nash Kelly Global, said that the re-election of US President Donald Trump has been a key factor motivating many affluent Americans to pursue residency overseas. 'It's the main driver. Many of the people applying are of a different political persuasion to President Trump," he said. Nash highlighted the 'level of uncertainty", adding that the uncertainty introduced into global affairs by Trump's administration had played a role, noting that New Zealand has benefited as countries like Portugal and Ireland have tightened restrictions on their golden visa programmes. 'Putin is on the doorstep and no one is 100 per cent sure what Trump will do on Nato. That kind of uncertainty means people are looking to New Zealand," he mentioned. Nash noted that lifestyle factors such as New Zealand having the highest number of golf courses per capita outside of Scotland have enhanced its appeal to golden visa applicants, but emphasized that political stability remains the key attraction. He said, 'In the past, the vast majority of applicants were looking for tax havens. Now they're looking for safe havens.' Additionally, the European Court of Justice ruled last month that Malta's visa scheme was in violation of EU law. The 104 new visa applications stand in contrast to the 115 submitted between 2022 and 2025, of which only 46 were approved. In 2018, former Labour Prime Minister Jacinda Ardern implemented stricter rules on investment visas following revelations that billionaire tech entrepreneur and Trump ally Peter Thiel had been discreetly granted citizenship despite not meeting standard eligibility criteria. The incident sparked a national debate over the sale of farmland and housing to wealthy foreigners looking to secure a remote 'bolt-hole' in New Zealand.
