Well, the governments relaxed visa settings to encourage more foreign investments, replacing the current waiting system with two new categories, the growth and the balanced category. For the growth category, you'll need at least five million dollars and that needs to be invested for a minimum of three years, and you have to live here three weeks of a year. Ten million dollars is for the balance category, and that's over a long period of time, and you will have to spend one hundred and five days living here. The Orka Business Chamber Chief Executive Simon Bridges with me right now. You were also at the MC at the presentation.

Well, the governments relaxed visa settings to encourage more foreign investments, replacing the current waiting system with two new categories, the growth and the balanced category. For the growth category, you'll need at least five million dollars and that needs to be invested for a minimum of three years, and you have to live here three weeks of a year. Ten million dollars is for the balance category, and that's over a long period of time, and you will have to spend one hundred and five days living here. The Orka Business Chamber Chief Executive Simon Bridges with me right now. You were also at the MC at the presentation.

Weren't you. That's exactly right, Andrew, good morning.

Weren't you. That's exactly right, Andrew, good morning.

Good morning to you. So haven't we done this before? Yeah?

Good morning to you. So haven't we done this before? Yeah?

And I think look at you. If you look at the results over time under more permissive settings, if you want to say that, the result is pretty clear. A lot of are very wealthy game and I think history shows they invested in our best companies, golf courses. They may bequeath to your art, Garys. They had an oversized contribution to New Zealand then we tidened them up. I think I think it was under the last labor government and we saw less of that, right, So you know, I think possibly in New Zealanders don't quite understand how much good invest in migrant settings can be really important to our economic success. I'm sure as they'll need that at the moment.

And I think look at you. If you look at the results over time under more permissive settings, if you want to say that, the result is pretty clear. A lot of are very wealthy game and I think history shows they invested in our best companies, golf courses. They may bequeath to your art, Garys. They had an oversized contribution to New Zealand then we tidened them up. I think I think it was under the last labor government and we saw less of that, right, So you know, I think possibly in New Zealanders don't quite understand how much good invest in migrant settings can be really important to our economic success. I'm sure as they'll need that at the moment.

That's true. But at the same time, art galleries and golf courses, is really is that the way to generate wealth and have wealth creation in this country? It's not really, It's not really the zeros and the fisher and pacal health cares?

That's true. But at the same time, art galleries and golf courses, is really is that the way to generate wealth and have wealth creation in this country? It's not really, It's not really the zeros and the fisher and pacal health cares?

Is it? My personal view right now? As big as can't be true as it chooses, we have to do things. I mean think, if you want to want to critique on this, at one level it's actually hate good, but there's so much more to do. We're in a negative growth environment. We have to get to positive growth and we need boldness. And one of the things I put to the ministers and the Prime Minister yesterdays. You know, people can have all sorts of views of Trump, and look I do too, but what he has done with quite bold steps on corporate text and the light is he has stirred the animal spirits of business and so you know, I think I take your point, but I do think the reality of the vineyards, the golf courses, actually the zeros, the rocket mAbs who private Micrant investors were instrumental in at the start, is as they create a big jobs that are higher paying, that create in the end higher standards of living.

Is it? My personal view right now? As big as can't be true as it chooses, we have to do things. I mean think, if you want to want to critique on this, at one level it's actually hate good, but there's so much more to do. We're in a negative growth environment. We have to get to positive growth and we need boldness. And one of the things I put to the ministers and the Prime Minister yesterdays. You know, people can have all sorts of views of Trump, and look I do too, but what he has done with quite bold steps on corporate text and the light is he has stirred the animal spirits of business and so you know, I think I take your point, but I do think the reality of the vineyards, the golf courses, actually the zeros, the rocket mAbs who private Micrant investors were instrumental in at the start, is as they create a big jobs that are higher paying, that create in the end higher standards of living.

This is true. There's two parts of the equation. Of course, there's the money. We already have money in New Zealand, and there's high wealth individuals New Zealanders who have high wealth, and one of their problems is that they don't actually invest in businesses, the stock marketing and other areas to actually put in some working venture capital is not good here. And the other half of the equation is the actual things that we put investments into. So do we have the investments that some guy from overseas will come here and go, I'll put some money in.

This is true. There's two parts of the equation. Of course, there's the money. We already have money in New Zealand, and there's high wealth individuals New Zealanders who have high wealth, and one of their problems is that they don't actually invest in businesses, the stock marketing and other areas to actually put in some working venture capital is not good here. And the other half of the equation is the actual things that we put investments into. So do we have the investments that some guy from overseas will come here and go, I'll put some money in.

I think the point you make the receipt, you know at deep point we haven't got time for I tend to agree with you, right. I think though actually a lot of high network New Zealanders they need a bit more confident in the economies. That comes back to my boldness point in terms of the investment. Yeah, you know what I think we do. I think if you look at Silicon Valley and I've been there a couple of times and talk to some really big venture capital firms, it's a fascinating experience. The reality there is there is more capital than good investible propositions. The truth in New Zealand is there are so many startups that are amazing that if they were in Silicon Valley would get the money, would get a sort of fifty million dollars from an andres In Horowitz or something that they don't get here. So I hear what you say. I still think there's a capital issue, and I still think actually the thing you get with you know, a rich American or German or whatever coming in here is they do have a bit more of that culture of investing in these things and giving them a whirl, probably because of their life experience in those countries.

I think the point you make the receipt, you know at deep point we haven't got time for I tend to agree with you, right. I think though actually a lot of high network New Zealanders they need a bit more confident in the economies. That comes back to my boldness point in terms of the investment. Yeah, you know what I think we do. I think if you look at Silicon Valley and I've been there a couple of times and talk to some really big venture capital firms, it's a fascinating experience. The reality there is there is more capital than good investible propositions. The truth in New Zealand is there are so many startups that are amazing that if they were in Silicon Valley would get the money, would get a sort of fifty million dollars from an andres In Horowitz or something that they don't get here. So I hear what you say. I still think there's a capital issue, and I still think actually the thing you get with you know, a rich American or German or whatever coming in here is they do have a bit more of that culture of investing in these things and giving them a whirl, probably because of their life experience in those countries.

Well, maybe you could have a chat to your successes and actually suggest that maybe some corporate tax changes, particularly for startups might actually help people along the way to bring the money in. Simon, thank you so much once again for your time, and enjoy you week.

Well, maybe you could have a chat to your successes and actually suggest that maybe some corporate tax changes, particularly for startups might actually help people along the way to bring the money in. Simon, thank you so much once again for your time, and enjoy you week.

For more from early edition with Ryan's Bread, listen live to news talks. It'd be from five am weekdays, or follow the podcast on iHeartRadio

For more from early edition with Ryan's Bread, listen live to news talks. It'd be from five am weekdays, or follow the podcast on iHeartRadio