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.
If a single person is making or overriding a decision than the next minister should be able to revoke it.
This way people like Theil will have to continue to bribe all parties in government every few years instead of bribing just once.
I mean, they do apparently have this power. Seems they revoke citizenship from time to time.