But the residency starts at $3M NZ if you're a recurring visitor https://www.newzealandnow.govt.nz/investing-in-nz/visas/inve...
And once you're a citizen, you enjoy unlimited social and health benefits indefinitely?
Can someone from NZ tell me why this shouldn't be my retirement plan?
IIRC $2M is enough to "buy" a Swiss citizenship too, so that kind of money really enables you to live basically anywhere in the world and you need a specific retirement plan only if you want to spend a lot of cash regularly for the rest of your life. Personally I would not even think about working to get paid anymore if I had even $1M, but ofc that's just me and my modest living standards.
Clearly! House prices here are very high already. See e.g. https://www.newshub.co.nz/home/money/2017/03/new-zealand-hou..., https://www.stuff.co.nz/business/money/83750475/nz-tops-imfs...
Edit: Well maybe not alot, but when I lived in NZ 15 years ago, it was enough that Australia would complain about it.
It's kind of interesting to dig into. The residency requirements are quite low - 7 days in the first year, 14 days for subsequent 2 year period). So by the 5 year mark, you'd only need to spend 35 days in country.
There are even companies that will find real estate for you, rent it out and guarantee 100% return of capital after 5 years. Turn key solution to EU residency! [1]
[1]https://www.artoncapital.com/global-citizen-programs/portuga...
Basically, New Zealand has turned into a real estate operation that sells milk on the side. Despite record highs all parties have made it their explicit goal to keep housing prices high. Having rich people come buy real estate is really considered a great idea. I'm shocked but that's the way it works here.
