Immigration – Foreign Investment visa influx
New Zealand has begun to focus on reopening its borders for overseas investors. According to Stuff.co.nz, “Immigration New Zealand has now approved visas for 32 people who agreed to invest $10 million each in New Zealand, and a further 76 who agreed to invest at least $3 million”*. This surge of visas is in an attempt to aid in the economic rebuild of New Zealand by circulating more money into the economy.
“Immigration NZ has a dedicated unit promoting the country to wealthy foreigners willing to invest when they could get into New Zealand.”* And this unit has allowed for Immigration New Zealand to begin making decisions again. According to Nicola Hogg – Immigration New Zealand general manager – “…decisions were once again being made on whether to allow in wealthy investors.”*