The last incorporations in New Zealand’s immigration policy 2009 yielded rich returns. The latest Changes Announced By Immigration New Zealand To The Business Visa exudes confidence of the Kiwi Government, which intends to put the country on the path of Industrial and Business rejuvenation and becoming a global player.
The enhancements clearly indicate that the money flowing in from the immigration source would feed the productive sector to reap rich dividends, thereby boosting the economy’s capabilities and capacity. The latest amendments are relaxation in the basic norms in the Visa regulations and announcements of two new categories in the Investor class visa Investor and Investor plus.
Investor Class Visa targets the wealthy migrants intending to shift to the country. Additions in the Business Visa NZ are poised to bring in huge capital resources, along with experienced people, having business know-how and networks across the planet.
The Investor I category is to attract Rich Prospective migrants having resources to invest NZ$ 10 million or more for a minimum period of 3 years. The Investor II category is targeting people with small investment budgets. This category needs a minimum investment of NZ$ 1.5 million for a period of not less than 4 years.
Besides the new Investor Class Visa, there have been some structural changes announced in Business Visa regime that are intended to relax some past strictures and requirements.
The physical presence prerequisite in country under the Investor Plus Visa has been reduced from 73 days to 44 days, per year. Likewise, business experience clause has also been relaxed, as now the aspirants will be required to fulfill either of these conditions as having owned or managed a business
- With an annual turnover of at least $ 1 Million or
- With 5 full time investments
More leverage has been provided in the qualified investment avenues. Now the money can be channeliZed into investments in concerns established by a holding organization for raising money. They will have the freedom to invest in bank securities, bonds and equity. Moreover, now the migrants can transfer funds through foreign exchange companies, which have been identified as more convenient channel of fund transfer by the NZ Government.
Another Change Effected in the INZ Business Visa is qualification of investment into residential properties, provided these projects bring benefits to the country and also enhance the housing capacity of the Kiwi country. Wellington believes that these flamboyant steps will reap rich harvest in short as well as long term for the island nation, and enable it to compete at the global level.
