The number of people coming in on the Government's new Business Investor Visa could be limited.   

It'll fast track residency for any foreign investors who put $2 million or more into a Kiwi business. 

If a business is worth $2 million, the applicant will have to buy it, and they'll have to invest at least a quarter of its total value if it's worth more than that. 

Immigration Minister Erica Stanford told Mike Hosking she thinks around 100 of these visas will be granted in the first year. 

She said this isn’t an Oprah-style “everyone gets a visa” situation.  

LISTEN ABOVE 

The number of people coming in on the Government's new Business Investor Visa could be limited. &nbsp;&nbsp;
It'll fast track residency for any foreign investors who put $2 million or more into a Kiwi business.&nbsp;
If a business is worth $2 million, the applicant will have to buy it, and they'll have to invest at least a quarter of its total value if it's worth more than that.&nbsp;
Immigration Minister Erica Stanford told Mike Hosking she thinks around 100 of these visas will be granted in the first year.&nbsp;
She said this isn’t an Oprah-style “everyone gets a visa” situation. &nbsp;
LISTEN ABOVE&nbsp;

Best of Business is the home of all things business at Newstalk ZB, from morning market updates right through to incisive interviews with New Zealand’s top business leaders and decision makers. 

Whether you’re a small business owner or interested in what’s going on in the Big End of Town, this podcast encompasses the sharpest voices and minds in the world of business.

Best of Business is the home of all things business at Newstalk ZB, from morning market updates right through to incisive interviews with New Zealand’s top business leaders and decision makers. Whether you’re a small business owner or interested in what’s going on in the Big End of Town, this podcast encompasses the sharpest voices and minds in the world of business.

Best of Business is the home of all things business at Newstalk ZB, from morning market updates right through to incisive interviews with New Zealand’s top business leaders and decision makers.

Best of Business

Erica Stanford: Immigration Minister on the new Business Investor Visa

https://api.omny.fm/orgs/7784f840-c291-422a-924b-ad9000bbad71/clips/bbe1f104-be14-42fe-8933-b345014d3f16/transcript