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U.S. President Donald Trump said on Tuesday he wants to begin selling gold cards for $5 million to foreigners who want to move to the U.S. and create jobs.
Trump said the immigration program, which he said was legal, could start in about two weeks. He added it is possible Russian oligarchs could qualify for the gold cards.
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The new rules, which came into effect in April, lowered investment thresholds, removed English-language requirements and cut the amount of time applicants must spend in the country to establish residency from three years to three weeks.
Immigration New Zealand says the scheme has attracted 189 applications, representing 609 people, under the new rules. Prior to the changes, the visa attracted 116 applications over 2.5 years.
Nearly half the investors who have applied hail from the US, representing 85 applications, followed by China, 26, and Hong Kong, 24. Residents from countries across Asia and Europe make up the rest of the applicants.
“Nearly everyone who is applying is applying because of the changes they’re seeing under the Trump administration,” said Stuart Nash, a former Labour party minister, who now runs Nash Kelly Global, an immigration and relocation consultancy.
Under the new rules, 149 applied under the visa’s “growth” category, which requires a minimum $5m investment over three years, and 40 applied under the “balanced” category, which requires a minimum $10m investment over five years.
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The number of people leaving New Zealand last year to live overseas reached its highest on record, according to new figures.
According to Stats NZ, there were 127,800 migrant departures (up 28%) in the year to November 2024 — "provisionally, the highest on record for an annual period".
A total of 72,900 New Zealand citizens left the country to live overseas during that period, with 56% going to Australia.
At the same time, the number of people moving to New Zealand dropped to 158,400, down 32% on the same period in 2023.
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New Zealand is experiencing a significant exodus of its citizens, with new data from Stats NZ revealing record-breaking migration losses. In the year leading up to April 2024, a net migration loss of 56,500 citizens was recorded, exceeding the previous high of 52,000 set in the year to March 2024.
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Olsen also highlighted that many are making permanent moves in search of better living conditions. He warned that the ongoing issue of housing affordability and job prospects could make it challenging to attract New Zealanders back, posing a ‘brain drain’ risk as the population ages.
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40 below keeps the rifraf out...Imagine being a business mogul from Trashkanistan, getting the Gold Card...and going to Gnu Yark, and finding that someone WORSE than your Grand Poobah is running the city right into Idiocracy.
The joke's on them. This nation is done.
All that's left is to figure out where to hide. I can't afford the Caymans....
Do it.I have an opportunity to buy some inexpensive acreage up in the mountains of east TN. Would be a good place for cooler weather than FL in the summer.
I was thinking of touring SE Asia in 2 years, but might not be inexpensive anymore considering the planned devaluation of the $USD. The dollar will still be transactional, but no longer the long term storage of wealth which is being replaced by PMs and BTC.
I believe the next big change will be after the midterm elections when the FED chair is replaced and growth is ignited again.
Interesting. Floriduh Man retiring North. Damn-Yankees heading to the Land of Swamps and Skeeters, to await their own final destinies.Lots of Floridians retire up north...sell now overpriced land here and buy 20-200 acres in Tennessee, Kentucky, or Georgia....not bad.
Agreed. On the positive side, we should get fewer shitty "immigrants" that do not intend to work and assimilate.In a couple years, this nation is going to be so copulated up, no one is gonna want to come in - even for free, even on an NGO Express flight.
A positive " unintended " consequenceAgreed. On the positive side, we should get fewer shitty "immigrants" that do not intend to work and assimilate.
True.Agreed. On the positive side, we should get fewer shitty "immigrants" that do not intend to work and assimilate.
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