New migrant visa has a waiting list of ... one

New migrant visa has a waiting list of ... one
Stuart Nash says he's confident the new visa strikes the right balance for NZ. (Image: NZME)
Oliver Lewis
Since it opened last month, a new visa class to encourage more active investment in New Zealand by wealthy migrants has received just one application. Recently released advice also shows ministers agreed to significantly reduce the minimum investment threshold needed to qualify for the visa from $25 million to $15m (or the weighted equivalent). New Zealand Trade and Enterprise (NZTE) and Callaghan Innovation both recommended dropping the threshold, in part to ensure it was broadly competitive with countries like Australia, which offer...

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Skilled residents need more focus in visa system, says Auditor-General
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Skilled residents need more focus in visa system, says Auditor-General

They’re only 1.4% of visas issued but the Auditor-General says skilled residence visas aren’t getting the focus they need given their strategic importance.Commenting on a report he tabled in Parliament on Thursday, Auditor-General John Ryan said a well-managed and effective visa...

Jem Traylen 14 Nov 2024
Net migration falls to a decade-low
Economy

Net migration falls to a decade-low

New Zealand had a net migration gain of 44,900 for the year to September, falling below 50,000 for the first time since April 2019.It is also the lowest level of annual net migration since the 44,500 for the October 2014 year, if you exclude the period when the borders were close...

Staff reporters 13 Nov 2024
Work rights reinstated for high-skill migrants' partners
News in Brief

Work rights reinstated for high-skill migrants' partners

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Staff reporters 23 Oct 2024