PM's summit hastens new overseas investor regime

Foreign investment in the fishing industry will be "carved out" of the new "light touch" regime. (Image: NZME)

Wed, 12 Feb 2025

The Cabinet has signed off a new set of rules for foreign investors, with Prime Minister Christopher Luxon now in the planning stages of their announcement.After a long tussle between the Act and New Zealand First parties over how much to liberalise the current Overseas Investment Act regime, BusinessDesk has learnt that the guiding principles of the new regime have recently been settled.Also close to conclusion is an agreement with NZ First to allow wealthy migrants to purchase homes in NZ, as long as their value is above a certain threshold,...

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