Investor visa priority equals billion dollar boost to economy

Investor visa priority equals billion dollar boost to economy
Startup Queenstown Lakes chief executive Olivia Wensley welcomed the government’s commitment to attracting wealthy investors to New Zealand.
Jacques Steenkamp
New Zealand appears to be lagging behind Australia when it comes to attracting and prioritising visas for wealthy investors, especially those working in the tech industry.Various business leaders and experts have called on the government to make it easier for "tech giants" to relocate themselves and their businesses to NZ.But closed borders, limited space in MIQ facilities and a lack of priority from the NZ government to fast-track investor visas have resulted in hundreds of unprocessed visas and billions of dollars worth of investmen...

More Economy

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
Independent costings needed for tough political decisions
Economy

Independent costings needed for tough political decisions

The time is now for an Independent Fiscal Institution.

Cameron Bagrie 01 Jul 2024
Brave-faced craft chocolate industry finds strength in unity
Retail

Brave-faced craft chocolate industry finds strength in unity

More than 30 boutique chocolate companies raised the bar at Chocstock.

Gregor Thompson 01 Jul 2024