Slow visa processing stalls $3b+ of foreign investment

Almost three quarters of those waiting for investor visas are said to be either company founders or working at the CEO, CFO or CTO level. (Image: Getty)

Jem Traylen

Thu, 30 Jun 2022

Potential migrants are waiting to invest at least $3 billion in New Zealand according to figures released by immigration minister Michael Wood on Thursday.Responding to written questions from the ACT Party, Wood told Parliament there were 91 Investor 1 resident visa applications currently with case officers as at June 7, with a minimum possible investment value of $910 million.A further 100 Investor 1 applications worth at least $1 billion were waiting to be allocated to case officers.For the Investor 2 residence category, there were 43 applica...

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