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Photo: RNZ
The new “Golden Visa” of the government’s government government – which emerged in early April – seems to be attracting a significant interest.
New Zealand trade and company said in two weeks from late March that 2,500 people visited the investor visa and active visa request page – an increase of more than 700 % in the figures visiting the old investor visa request at the same time last year.
The new version of the investor visa has two simplified categories, the scope of acceptable investments is extended and the previous requirements of the English language are removed.
The Malcolm Chief Executive Immigration David Cooper said Nine in half The moment of renewed opportunity was ideal and they had seen huge amounts of interest during recent trips abroad.
“We had a large participation in events in four cities in Germany, as well as Hong Kong and Singapore.
“There have also been events at NZT in New York and San Francisco, and very well assisted by people who are not just talking, who are really committing.
“In fact, last Friday – so less than two weeks since this visa was opened – immigration to New Zealand has received 43 requests.”
Cooper said that in the last two and a half years, under the old policies, 100 requests have been received.
The minimum investment for the ‘growth’ investment category is $ 5 million for a minimum period of three years.
The ‘balanced’ investment category requires a minimum investment of $ 10 million in five years.
CEO of Malcolm Immigration David Cooper.
Photo: Provided
Cooper said there were three main things that “made up the perfect storm.”
“The first was that Erica Standford, Minister of Immigration, was prepared to change the scenarios – it was a big change.
“We have the geo-political situation around the world and then we have countries like Australia who have closed their investor visa, Canada is marginally open, British are closed, Europe is closing many of its gold visa programs …”
Cooper said that, unlike Australia, New Zealand’s immigration did a “very good job of drawing money,” but said the country still needed to work “to enjoy the talents after the 747 jump.”
He believes in late May, New Zealand’s immigration could receive up to 100 requests.
“I think we’ll see from 400 to 500, possibly 600 requests a year,” he said.
Immigration Minister Erica Stanford said in February that the change meant that investors would have to stay in New Zealand for 21 days in three years to gain residence.
Stanford told Morning report In February, the “biggest barrier is telling them, you need to spend 10 weeks a year here, or whatever.”
“Why would you force them to be somewhere they don’t want to be in the first two years?”
Minister of Immigration Erica Stanford.
Photo: RNZ / MARIKA KHABAZI
She acknowledged that the visa program was one of the most expensive in the world, so we had to “have other things that encourage people to come here.”
Stanford said that once people saw it was only one week a year in the first three years, “they are more interested in coming. We put them at the door.”
Immigration lawyer Nick Mason also said Morning report In February, there has always been a lot of interest in arriving in New Zealand, but people were being refused in the category of previous active investors.
“The previous category was very difficult. There were a lot of shots to jump. This will make it much easier.”
“There is no guarantee that people are not just passive and that kind of thing. But we can’t let the perfect one be the enemy of good. And then, finally, I think it’s a great thing for the economy.”
Mason told RNZ that the ban on foreign buyers remained a point of discord for possible investors.
The 2018 prohibition of ownership of a foreign house remains in force as part of the New Zealand coalition agreement with National, although Winston Peters suggested that he was open to foreigners who buy properties if they invest a lot of money on land.
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