Millionaire migrants are cheapskates on charity

Larry Page is one of New Zealand's investor migrants. (Image: Getty)

Tue, 10 May 2022

Only one wealthy investor seeking residency in New Zealand has ever opted to donate money to charity as part of their visa requirements. High net worth foreigners have invested more than $2 billion to obtain investor class 1 visas in NZ since 2017, but despite a change that year that made it possible for visa holders to invest up to 15% of their required $10 million investment in philanthropic donations, only one person has ever taken up the option.The Ministry of Business, Innovation and Employment (MBIE), which houses Immigration NZ (INZ...

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