Can’t “Run” aimlessly
- July 31, 2022
- Posted by: admin
- Category: News
（Screenshot：Henley & Partners）
These wealthy immigrants have many considerations, from safety and security to education and health care to climate resilience and even cryptocurrency friendliness. Low crime rates, competitive tax rates and attractive business opportunities are strong draws for wealthy individuals and families to immigrate.
The immigration of the wealthy has led to a major reshuffle of global wealth, and the migration figures of high-net-worth individuals are an excellent barometer of economic health. Countries around the world have begun to introduce some immigration policies to attract high-net-worth individuals. As an immigrant country, New Zealand has long been vigorously attracting global rich people to immigrate to New Zealand.
Official statistics from the New Zealand Immigration Service show that during the severe epidemic, there are still many people applying to immigrate to New Zealand by investment. As of May 31, 2021, there are 219 investment applications under review. Among them, the number of applications from China is the largest, with a total of 69, and the number of applications from the United States is 57, ranking second, followed by Hong Kong, China (21), Germany (15) and the United Kingdom (12). According to the estimates of the New Zealand Ministry of Business, Innovation and Employment, by 2022, about 220 applicants for the first-class investment immigrant visa will be able to enter the country, bringing hundreds of millions of New Zealand dollars in direct investment, employment opportunities and skilled talents to New Zealand.
New Zealand is a popular destination for the world’s billionaires, who have long regarded New Zealand as the ultimate safe haven. New Zealand attracts the top global millionaires, and its “neighbor” Australia is also eclipsed by this.
Co-founder of Paypal, German-American billionaire Peter Thie, Canadian director James Cameron, Google co-founder Larry Page, Google’s No. 8 employee senior executive Urs Holzle, cryptocurrency entrepreneur Mihai Dinulescu, etc. They have all immigrated to New Zealand.
Chinese billionaires are also very fond of immigrating to New Zealand. In 2016, when Jack Ma met with the Prime Minister of New Zealand John Key in Beijing, he revealed that he had at least 20 colleagues who retired and immigrated to New Zealand in their 40s.
Why are rich overseas scrambling to immigrate to New Zealand? On April 13, 2021, the British Daily Telegraph published a special article analyzing the reasons why overseas rich people covet New Zealand. For example, beautiful and spectacular natural scenery, lower tax rates than the UK, etc. (New Zealand’s annual income of more than 180,000 New Zealand dollars is equivalent to 92,000 pounds or more. The highest tax rate is 39%. In the UK, when the income exceeds 50,000 pounds, it is equivalent to 97,480 New Zealand dollars. , you should pay 40% tax. When the income exceeds 150,000 pounds, the tax rate soars to 45%).
In fact, in addition to the well-known reasons, such as the first-class natural environment and resources, a highly friendly social environment, and a stable and healthy investment environment, there are two biggest benefits of immigrating to New Zealand that are not often paid attention to:
NO.1
New Zealand’s Permanent Resident Visa is the only real “permanent residence” visa in the world. It does not need to be renewed after it is obtained, and there is no requirement for any length of residence. There is no need to give up the nationality of the main country. You can enter and leave New Zealand at any time, and your resident status is permanently valid. It is the first choice of entrepreneurs and executives. The permanent residence visas of other countries, such as the United States, Canada, the United Kingdom, Australia, and Singapore, are all conditional “permanent residence” and need to be renewed regularly. The renewal requires at least the residence time, which is what we usually call “immigration supervision”.
The New Zealand Productivity Commission (The Productivity Commission) submitted a report to the government on April 30 this year, recommending that the government, like other immigrant countries, stop issuing new permanent resident visas to new residents, and that new residents should renew their resident visas every six years . Renewal eligibility for new resident permanent residence visas should include length of residence (such as living in New Zealand for at least two of the past six years) and other commitments, such as investing in New Zealand, doing business, or having other family members living in New Zealand.
Although this recommendation of the Productivity Commission has not been accepted by the government, another proposal in this report on increasing the investment amount of investment immigrants and converting low-risk passive investment into riskier active investment has been published in New Zealand. It is reflected in the published investment immigration policy. Therefore, it is possible that policy proposals to change permanent residence visas will be adopted by the government at some point in the future. It can be seen that it is necessary for people who intend to immigrate to take action as soon as possible.
NO.2
No inheritance tax, no gift tax, no capital gains tax, no stamp duty.
新珈资本（Newland Capital Management Limited）：We are a high-quality Financial Service Provider for investment immigration in New Zealand, aiming to provide mature investors who have achieved financial freedom with a one-stop solution for wealth preservation and appreciation in New Zealand, and sustainable inheritance of property. Newland REITs is a compliant investment product for New Zealand investment immigrant visa funds. Xinjia Capital New Zealand Financial Regulatory Authority FMA registration number FSP761692, Newland Capital International Securities Identification Number ISIN NZNCME0005S0, Newland Capital New Zealand Master Builders Association Member Number 59670.