18 November 2009
New Zealand immigration clears two $10m investors to move to NZ
New Zealand Immigration has given permission to two business migrants, described as “well known” and “serious”, to invest $10 million each in New Zealand and move to the country.
The high profile approvals are part of a New Zealand visa category, the Investor Plus Visa, which was launched in July.
"One, a $10 million investor, has been approved, and another $10 million investor has been granted an approval-in-principle to transfer funds," said a New Zealand Immigration spokesman.
New Zealand Immigration has received 22 applications for migrant investor visas, and the two $10million investment approvals are in addition to another nine approvals-in-principle granted to migrants wanting to invest at least $1.5 million each under the Investor Visa.
The migrant investor visas offers residency to migrants who invest between $1.5 million and $10 million and maintain the funds in New Zealand for between three and four years.
The five areas of investment in order of preference by business migrant applicants are; setting up or investing in an existing business, commercial or investment property, education and training, professional, scientific and technical services and tourism.
The New Zealand Visa Bureau is an independent consulting company specialising in helping people with New Zealand visas.