News Summary

• Over 700 prosperous foreigners have applied to become New Zealand citizens under the scheme in the past 14 months.
• Applicants have to make that minimum investment in companies, charities, or local funds over the span of three years.
• Another program requires a NZ$10 million (US$5.7 million) investment over the course of five years in passive assets, such as stocks and bonds.
• A total of 277 Americans account for the applications, and Californians are among the most interested in the visas.