Investor immigration enquiries up 77.5% but no money coming in

Investor immigration enquiries up 77.5% but no money coming in
Brent Melville
Enquiries by high net worth individuals for New Zealand’s residence-by-investment programme have increased by 77.5 percent over the past year, three times higher than the global average and 10 times that of Australia, according to citizenship advisory firm Henley & Partners.However, with $2.2 billion in undecided applications still sitting on the other side of the border, NZ’s immigration apparatus is ill equipped to deal with the increased interest in the country as a coronavirus ‘safe haven’.Immigration firms say I...

More Economy

Core Crown tax revenue higher than expected in May accounts
Economy

Core Crown tax revenue higher than expected in May accounts

Government tax intake is $1.57 billion higher than forecast, according to the latest Crown accounts.Treasury released the interim financial statements for the 11 months ended May 31 on Wednesday morning, which showed core Crown tax revenue was $111.12b.This was 1.4% more than the...

Albanese pledges prosperity through manufacturing boost
Economy

Albanese pledges prosperity through manufacturing boost

Renewable energy and critical minerals key focus of $24 billion strategy.

AAP 10:00am
Business gloom offers inflation hope
Economy

Business gloom offers inflation hope

The New Zealand Institute of Economic Research’s (NZIER) Quarterly Survey of Business Opinion shows a continued deterioration in business confidence in the second quarter.A net 35% of firms expected a deterioration in the general economic outlook over the coming months on a seaso...

Staff reporters 02 Jul 2024