The revamped visa will introduce two new investment categories: Growth and Balanced. The Growth category requires a minimum investment of NZD 5 million, whereas the Balanced category requires at least NZD 10 million. The Balanced category will now accommodate a wider array of investments, including bonds and property projects such as new residential developments and commercial or industrial properties.

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To make the visa more appealing, investors opting for these categories will face fewer immigration constraints, including reduced residency requirements. Additionally, the investment timeframe has been streamlined and applicants will need to finalise their investments within six months of receiving initial approval, with an option to extend for another six months if necessary.

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One significant update is the elimination of the English language requirement, making the visa more accessible to a broader range of investors. The online application system will be updated to reflect these changes, ensuring a smooth transition.

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Further details on the implementation process will be provided in March 2025.

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Should you have any queries regarding the above information or if you require assistance with your corporate, employment or immigration matter, please get in touch with a legal professional at Hudson McKenzie via email at londoninfo@hudsonmckenzie.com or by telephone +44(0) 20 3318 5794.

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The information provided does not amount to legal advice.