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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