Funds required for NZ migrant investor visa to double in May 2017

Wed, 07 Dec 2016

By Edwin Mitson Dec. 7 (BusinessDesk) - Wealthy overseas business owners and investors will have to invest at least $3 million in New Zealand from May next year under changes announced by Immigration Minister Michael Woodhouse. Applicants seeking the visa under the investor 2 category must currently invest $1.5 million in NZ over four years and hold $1 million in settlement funds. The visas were launched in 2009, and the government says it has led to $2.9 billion being invested in the country, and $2.1 billion in funds committed. How...

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