New Zealand business immigration scheme attracts $400 m
New Zealand, 27th January: New Zealand government’s business migration scheme has attracted $400 million for the nation’s economy.
This was announced by New Zealand Immigration Minister Jonathan Coleman.
Mr. Coleman stated that the business immigration policy has become quite attractive for foreign businessmen who are eager to immigrate to New Zealand.
The New Zealand business visa scheme has been working for the last 16 months and it has been successful in attracting around two and half times the total potential investment amount as compared to the policy of the previous New Zealand government.
Investment to the tune of £102m has been made by the New Zealand government into the nation’s economy through the New Zealand Business Migrant Scheme and around £133 million will be transferred shortly.
According to official figures, New Zealand business visa applications are being processed and these are expected to bring in $181 million to the New Zealand economy.
The New Zealand immigration minister Dr. Coleman maintained that one of the main benefits of this New Zealand Business Visa Scheme is that it helps the migrants hailing from different nations to make investments in New Zealand without putting the integrity and the safety of the immigration system at risk.
Dr. Coleman added that the earlier three New Zealand visa categories have been streamlined into two for the New Zealand business visa applicants.
Moreover, the eligibility criteria including language skills, capital required and time spent in the nation for the New Zealand business visa scheme has been made more realistic in order to facilitate the potential New Zealand visa applicants.
The main aim of this eased New Zealand business visa requirements is to provide New Zealand business visa applicants with more options for investments. John Body, the Managing Director of ANZ, said that the New Zealand investor visa policy is inviting wealth as well as investors. The nation is attracting immigrants possessing excellent skills and global networks.
So, this is in the best interest of the New Zealand economy and for the businesses in New Zealand which might have otherwise felt short of international networks or capital, Body maintained.
Several improvisations are being introduced in the New Zealand business visa scheme and this scheme will continue at least for the next couple of years.