Sydney (Reuters) -New Zeaaland Said on Monday There has been a rush in applications for its foreign investor migrant Visa as the center government looks to lure more new Net-worth individuals to the country to stimulate economics economic Growth.
The Government in Aprinx Relaxed Rules for the Visa, Including Lowering the Minimum Required Funds for the Category That Focuses on Higher-Risk Investments To NZ $ 5 Million ($ 3 Million) from NZ $ 15 Million, and Removing the English Language Requirement.
“(There has been been) The Flood of Formal Interest in the New ‘Golden’ Visa,” Immigration Minister Erica Stanford Said.
“New Applications Under the Scheme Representing Potential NZ $ 845 Million ($ 503 Million) of New Investment in New Zealand Business.”
In A Statement, Stanford Said The Government Had Received 189 Applications in Less Than Three Months for the Active Plus Visa, Compred with 116 Submission Over More Than-And-A-Half Years Under the PREVIOUS Settings.
EIGHTY-FIVE OF TOSE APPLICATIONS, OR Just Under Half Of The Total, Were Submitted by US CITIZENS, FOLLOWED by China with 26 and Hong Kong with 24.
New Zealand’s Economy Grow Fosster-Than-ExPepted in the First Quarter, Official Date Showed Last Week, Providing Some Relief for Polycymakers Keen to Put The Economy Back on A Solid Footing After Technical Recession Last Year.
The Two-QUARTER GDP Decline Was the Worst Since the Sharp Downturn of 1991, Excluding the Pandemic.
($ 1 = 1,6810 New Zealand Dollars)
(Reporting by Renju Jose in Sydney; Editing by Michael Perry)
