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;

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Open your mind to the world with New Zealand’s number one breakfast radio show. Without question, as New Zealand’s number one talk host, Mike Hosking sets the day’s agenda. The sharpest voice and mind in the business, Mike drives strong opinion, delivers the best talent, and always leaves you wanting more. The Mike Hosking Breakfast always cuts through and delivers the best daily on Newstalk ZB.

Open your mind to the world with New Zealand’s number one breakfast radio show.

Without question, as New Zealand’s number one talk host, Mike Hosking sets the day’s agenda.

The sharpest voice and mind in the business, Mike drives strong opinion,...

The Mike Hosking Breakfast

Erica Stanford: Immigration Minister on the new Business Investor Visa

https://api.omny.fm/orgs/7784f840-c291-422a-924b-ad9000bbad71/clips/20b849e5-6958-4e13-b358-b345014d3371/transcript