Immigration New Zealand reports that there has been a large increase in the number of Expressions of Interest from overseas business people and investors following the introduction earlier this year of more business-friendly immigration policies.

In particular, there has been considerable interest shown in the new “Entrepreneur Plus” visa category which comes into effect on 30 November, under which entrepreneurs can obtain New Zealand residency much more quickly than before, as long as their operations create at least three full-time jobs and at least $500,000 of new investment. Previously there was a two year wait before such entrepreneurs could obtain residency.

Immigration New Zealand says that amongst those who had registered on their websites, most interest had come from the United States, Britain, India, the Philippines and Ireland.  Property development, education, training and tourism were among the most popular areas for potential investment, with 189 applicants looking to invest NZ$1.5 million or more - a total potential investment of at least $283 million.

Source: New Zealand Herald

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