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US Rich Have NZ on Residency Radar

US Rich Have NZ on Residency Radar

10/03/2017

US Rich Have NZ on Residency Radar

A group of professionals is heading to the United States in response to an increase in inquiries about gaining residency for New Zealand.

David Cooper of Malcolm Pacific Immigration says New Zealand has seen a 200% jump in investor category visa applications from the US since late last year.

“There have been some big names like venture capitalist Peter Thiel, hedge fund billionaire Julian Robertson and blockbuster film producer James Cameron, albeit he is Canadian born, who have become New Zealand residents,” Cooper says. “But more recently there has been a steady stream of Silicon Valley technologists and venture capitalists who have already flown under the radar to secure a bolthole should global geopolitics become too uncomfortable for them and their families.”

Cooper and his team, which includes professional advisors and a bullion depository manager, are meeting prospective migrants in San Francisco, Seattle and Houston mid-October to explain that if US$7.3 million is invested in New Zealand in one or more of wide range of investment options the applicant can usually get a residency visa requiring them to live in the country for only 88 days over the three-year compulsory investment period.

An alternative route is investing US$2.13 million over four years in those same options, but agreeing to live in New Zealand for 438 days over the period.

It’s New Zealand’s “time in the sun” says Cooper. The country seems far away from political uncertainty and while distance from major hubs was once a negative, it has now become a huge bonus to be far removed from hot spots.

Cooper says combining one of the world’s best performing economies with a relaxed lifestyle and relative security means New Zealand is proving an attractive place to escape any potential serious upheavals around the world.

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