Government overhauls investor migrant visa to prioritise active investment

The government is changing the visa settings for wealthy investor migrants like Google's Larry Page. (Image: Getty)

Wed, 20 Jul 2022

Investor migrants will have to invest at least $5 million for a visa under new settings announced by the government on Wednesday.Economic and regional development minister Stuart Nash announced the creation of the active investor-plus visa in Christchurch.The new visa class will replace the existing investor 1 and investor 2 visa categories, which have resulted in more than $12 billion of investment into New Zealand. As Nash noted, however, the existing settings often led to passive investment in shares and bonds, rather than direct invest...

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