On Wednesday, the New Zealand government announced the creation of a new investor migrant visa in order to entice experienced, high-value investors to participate in indigenous enterprises.

According to Economic and Regional Development Minister Stuart Nash, the new Active Investor Plus visa will replace the former investment visa categories and will compel migrants to make investments in New Zealand enterprises.

He said that under the prior visas, foreigners often invested in shares and bonds rather than directly in New Zealand firms.

“We want to encourage active investment into New Zealand, which generates more high-skilled jobs and economic growth compared to passive investment,” Nash said.

The new visa requires a minimum investment of NZ$5 million ($3.1 million), with only 50% of that amount allowed to be invested in listed securities. The visa category will be available on September 19, 2022.

Source: Reuters

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