New Zealand announces changes to business migration
Changes to New Zealand’s business migration scheme have been announced, aimed at generating new investments in the country.
Jonathan Coleman, the New Zealand Immigration Minister, stated that the Government’s business migration scheme has attracted over half a billion dollars in potential investment.
‘We launched this package 19 months ago and the take-up rate has been incredibly encouraging. It has attracted NZ$562 million (£275m) in potential investment which shows the package is very appealing to business migrants’, Mr Coleman said.
The residence requirements over the three year investment period under the scheme will be reduced from 73 days to 44 days if potential migrants invest more than NZ$10 million dollars (£4m).
This is to encourage multi-millionaire business migrants to remain in the county rather than simply invest from abroad.