WWICS Blog

New Zealand’s Business Immigration Scheme Becomes Easier
Posted on : 9 May, 2011

As per the latest reports, the business migration scheme of New Zealand would witness changes in order to encourage investment in the country. The announcement was made by Immigration Minster, Jonathan Coleman recently, in which he confirmed that the changes are designed to promote investment in Kiwi Land.

Currently, the business migration scheme of New Zealand has attracted over a half-a-billion dollars in potential investment and the proposed changes are said to result in the inflow of yet another half a billion New Zealand Dollars.

Under the anticipated changes, the residence requirements over the three year investment period falling in the business migration scheme will be reduced from 73 days to 44 days. However, the reduction is applicable incase the investor invests more than NZD 10 million.

Confirming that the scheme has been widely accepted, Dr. Coleman said, “We launched this package 19 months ago and the take-up rate has been incredibly encouraging. It's attracted $562 million in potential investment which shows the package is very appealing to business migrants.”

The reduction in the residence requirements have been incorporated keeping in mind the observation that multi-millionaire business migrants are an unusual group of migrants who frequently do not wish to spend much time in the Country that they invest in.

“With the proposed changes, the business migration scheme is sure to strike the right chord with the investors and entrepreneurs and would help the investors explore the untapped potential of this beautiful country and promote immigration”, said Col. BS Sandhu (Retd.), CMD, WWICS Group.