Investors will only have to remain in New Zealand for 21 days over three years to gain residency under changes to the so-called ‘golden visa’ to attract wealthy investors to New Zealand, Immigration Minister Erica Stanford says.
From 1 April, the Active Investor Plus visa will be replaced with two, simplified investment categories.
The first, the ‘Growth’ category, will focus on higher-risk investments, including direct investments in New Zealand businesses.
It will require a minimum investment of $5 million for a minimum period of three years.
The second, the ‘Balanced’ category, will focus on mixed investments, with the ability to choose ones that are lower risk.
There will be a minimum investment of $10 million over five years.
This is awful. I don’t want a bunch of wealthy investors coming here. They are going to come here and buy all the good investments then extort us. God national is a such a terrible government