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New Zealand relaxes golden visa rules; charitable donations also count as investments
New Zealand Immigration Minister Stanford announced on Monday that, under the “growth” category of the Golden Visa for attracting wealthy immigrants, applicants may allocate 20% of the total investment amount of 5 million New Zealand dollars to donate to registered charities and designated environmental projects, with the remaining portion continuing to be invested in high-growth assets.
The new arrangement will take effect from June 1. Stanford explained that over the past year, he has met with many investors and potential investors, all of whom want to be able to make a direct contribution to New Zealand’s social, environmental, conservation, or cultural causes through charitable donations. For charities, donations can significantly help them continue carrying out important services.
Since the New Zealand government revised the rules last April, demand for using the Golden Visa to invest in exchange for residency has remained strong. As of May 20, there have been 730 applications involving 2,390 people, with a potential minimum investment of 4.3 billion New Zealand dollars.