18 November 2009

New Zealand immigration clears two $10m investors to move to NZ

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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.


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