Several other changes have been made, including stripping away the visa’s English language requirement, which demanded applicants have an English language background. Luxon today claimed the requirement had scared off many potential investors in recent years.
Successful applicants in the growth category would have to spend a minimum of 21 days in New Zealand.
Those under the balanced category would have to spend 105 days in New Zealand but could be given reductions if they went over and above the $10m base investment.
“I declare that New Zealand is open for investment,” Luxon said.
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“I want regular Kiwis to understand investment like this is fantastic.”
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