A previous Immigration Minister isn't surprised at the dwindling Active Investor Plus visa applications.

This visa, designed to attract wealthy individuals who can invest millions of dollars into New Zealand companies, has only drawn in 14 applications in the past six months.

Former Immigration Minister Tuariki Delamere blames the changes to the scheme for the lack of applications, including the English language requirement and $15 million minimum threshold.

"Anyone who wants to invest and go somewhere like Australia, they're only requiring $1.5 million. Poms, $2 million. Americans want about $1 million and Canadians want less than a million."

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A previous Immigration Minister isn't surprised at the dwindling Active Investor Plus visa applications.
This visa, designed to attract wealthy individuals who can invest millions of dollars into New Zealand companies, has only drawn in 14 applications in the past six months.
Former Immigration Minister Tuariki Delamere blames the changes to the scheme for the lack of applications, including the English language requirement and $15 million minimum threshold.
"Anyone who wants to invest and go somewhere like Australia, they're only requiring $1.5 million. Poms, $2 million. Americans want about $1 million and Canadians want less than a million."
LISTEN ABOVE

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.