New Zealand drops barriers in Golden visa rules to attract wealthy investors

New Zealand drops barriers in Golden visa rules to attract wealthy investors

ByFarhan Hameed Qaiser

The Active Investor Plus visa initially brought in about NZ$1 billion ($570 million) annually by attracting wealthy individuals. However, stricter rules introduced in late 2022 caused applications to plummet. New Zealand is revamping its “golden visa” program, removing the English language requirement and easing other restrictions to attract wealthy investors and boost its post-recession recovery….

South Korean lawmakers impeach President Han Duck-soo

South Korean lawmakers impeach President Han Duck-soo

ByFarhan Hameed Qaiser

South Korean lawmakers impeached acting President Han Duck-soo on Friday, finding he “actively participated in the insurrection” after his predecessor declared martial law earlier this month. “I announce that Prime Minister Han Duck-soo’s impeachment motion has passed. Out of the 192 lawmakers who voted, 192 voted to impeach,” said National Assembly Speaker Woo Won-shik.