New Zealand to loosen visa rules to lure foreign investor

19 hours ago 1

After slipping into a method recession successful the 3rd 4th of 2024, the New Zealand authorities is seeking ways to bolster growth. (File Photo)

New Zealand volition unbend visa rules to pull much overseas investors, successful efforts to stimulate economical growth, its centre-right authorities said connected Sunday.

Immigration Minister Erica Stanford said the country’s capitalist visa class would beryllium made “simpler and much flexible” to promote investors to take New Zealand for their “capital, skills and planetary connections”.

“These changes volition turbocharge our economical growth, bringing brighter days up for each Kiwis,” Stanford said successful a connection announcing that 2 caller visa categories – for “higher-risk investments” and “mixed investments” – would beryllium created.

The changes, to instrumentality effect from April 1, travel the government’s caller relaxation of visa rules allowing holidaymakers to enactment remotely portion visiting the country, aimed astatine boosting its tourism sector.

After slipping into a method recession successful the 3rd 4th of 2024, the New Zealand authorities is seeking ways to bolster growth. In January, it announced plans to acceptable up Invest New Zealand, portion of the government’s planetary economical improvement agency, to service arsenic a one-stop-shop for overseas investment.

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