New Zealand has created a new investor migrant visa to attract investors so that they can make an investment in the domestic businesses. The new visa is named as Active Investor Visa Plus and it will replace the old investment visas.
The new visa has been introduced so that migrants can make an investment in the domestic businesses in New Zealand. Stuart Nash, the Minister for Economic and Regional Development and Michael Wood, the Immigration Minister have made this announcement in Christchurch on Wednesday.
Stuart Nash stated that migrant investors can only invest in bonds and shares through the old investment visa. The minister, Stuart Nash, said that they want to encourage active investment so that high-skilled jobs in the country can be generated. The new visa will also help in economic growth.
The eligibility criteria for the Active Investor Plus visa is that candidates have to invest a minimum of NZ$5 million. The investment in the listed equities will be 50 percent. The migrants can also invest in bonds and property and it will not be considered as passive investment.
The new Active Investor Plus Visa will replace Investor 1 and Investor 2 visas. Applications under these old investor visas will not be entertained after July 27, 2022. The new visa will come into effect from September 19, 2022. All the applications for the old visas will be processed by Immigration New Zealand.
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