America's elite lead boom of ‘golden' visa applications to vacation destination

A new trend has emerged among America s elite as New Zealand s Proceeding Investor Plus visa also dubbed the golden visa sees a up-to-date boom There has been a flood of formal interest in the new 'golden' visa disclosed New Zealand Immigration Minister Erica Stanford according to Reuters In April the leadership relaxed its visa rules to attract more high-net-worth individuals with such changes as removing an English language requirement RARE 'TSUNAMI' ROLL CLOUD HOVERS OVER BEACHGOERS IN POPULAR DESTINATION SPOTThe country also reduced the amount of time required to spend in New Zealand Once the golden visa is obtained it can be held for life People do not need to reapply In under three months golden visa applications were received while previous applications were at submissions over the span of more than two-and-a-half years Reuters stated Nearly half the applications were submitted by U S citizens with Chinese citizens having the second-highest number of applications the same source noted CLICK HERE TO SIGN UP FOR OUR LIFESTYLE NEWSLETTERFormer New Zealand Minister for Economic Advancement Stuart Nash co-founder of Nash Kelly Global described Fox News Digital the visas are getting more popular There's a lot of global uncertainty at the moment he stated You've got a war going on in Europe you've got the tinderbox which is the Middle East You've got a change in the U S administration which is causing more polarization than we ve seen in a long long time stated Nash There are several Americans wanting to settle in New Zealand as we re seen as this oasis at the bottom of the world he added Nash pointed to New Zealand s stable banking system and lack of capital gains wealth and death taxes For more Lifestyle articles visit foxnews com lifestyle In this time of global uncertainty geography is just as critical as anything else You jump on a plane and you re miles away from trouble spots reported Nash He added In the past people were looking for tax havens Now they re looking for safe havens for them and their family Nash reported the country s low population is a unique perk We have wonderful scenery sailing golf and we have selected pretty cool people Nash commented He added You don't have to renounce your U S citizenship at all You can get permanent residency for life and you can live the New Zealand dream Reuters contributed reporting to this article