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;

A fresh and intelligent start to your day - catch the very latest international and domestic news developments, sport, entertainment and business on Early Edition with Ryan Bridge, on Newstalk ZB.

A fresh and intelligent start to your day - catch the very latest international and domestic news developments, sport, entertainment and business on Early Edition with Ryan Bridge, on Newstalk ZB.

Early Edition with Ryan Bridge

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

https://api.omny.fm/orgs/7784f840-c291-422a-924b-ad9000bbad71/clips/4f18e434-6efd-40cf-a729-b3450172d90c/transcript