More foreign investors could soon flock in to work hard on Kiwi businesses.  

The Government's new Business Investor Visa will give foreign businesspeople who invest at least $2 million into an existing Kiwi business a fast-track to residency. 

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

Auckland Business Chamber Chief Executive Simon Bridges told Ryan Bridge this definitely justifies a fast-track to residency. 

He says the person who buys will have to work on the business for a period of time.  

LISTEN ABOVE 

More foreign investors could soon flock in to work hard on Kiwi businesses. &nbsp;
The Government's new Business Investor Visa will give foreign businesspeople who invest at least $2 million into an existing Kiwi business a fast-track to residency.&nbsp;
If a business is worth $2 million, the applicant would have to buy it, and if it's worth more, they'd have to invest at least a quarter of its total value.&nbsp;
Auckland Business Chamber Chief Executive Simon Bridges told Ryan Bridge this definitely justifies a fast-track to residency.&nbsp;
He says the person who buys will have to work on the business for a period of time. &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

Simon Bridges: Auckland Business Chamber CEO on the new Business Investor Visa

https://api.omny.fm/orgs/7784f840-c291-422a-924b-ad9000bbad71/clips/9b53306b-e72d-4092-bb1e-b3450172dae0/transcript