New Zealand's government is overhauling its 'golden visa' system to attract more wealthy migrants by making it simpler and more flexible. Immigration Minister Erica Stanford announced changes that will replace the existing complex weighting system with two new investment categories: 'Growth' for high-risk investments requiring NZ$5 million and 'Balanced' for mixed investments at NZ$10 million. Additional adjustments include eliminating the English language requirement, aiming to make New Zealand more appealing for foreign investors while looking to rejuvenate a struggling economy post-recession.
'Incentivising, simplifying and broadening the investment offerings will make New Zealand more attractive and accessible to more foreign high-value investors.'
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