SYDNEY. New Zealand’s center-right government has announced plans to relax visa regulations to attract more foreign investors, aiming to boost economic growth amid recent financial challenges.
Immigration Minister Erica Stanford stated that the country’s investor visa category would become “simpler and more flexible” to encourage international investors to bring their “capital, skills, and international connections” to New Zealand.
“These changes will turbocharge our economic growth, bringing brighter days ahead for all Kiwis,” Stanford said in a statement. As part of the new policy, two new visa categories will be introduced—one for “higher-risk investments” and another for “mixed investments.”
The reforms, set to take effect on April 1, come shortly after the government eased visa rules to allow holidaymakers to work remotely while visiting the country, an initiative designed to strengthen New Zealand’s tourism sector.
New Zealand slipped into a technical recession in the third quarter of 2024, prompting the government to explore measures to stimulate economic growth. In January, authorities announced the establishment of Invest New Zealand, a division within the country’s international economic development agency, to serve as a central hub for overseas investment.
The government hopes these investor-friendly policies will position New Zealand as an attractive destination for global capital and talent, reinforcing its economic recovery efforts.
Gary P Hernal started college at UP Diliman and received his BA in Economics from San Sebastian College, Manila, and Masters in Information Systems Management from Keller Graduate School of Management of DeVry University in Oak Brook, IL. He has 25 years of copy editing and management experience at Thomson West, a subsidiary of Thomson Reuters.
- Gary P Hernalhttps://tutubi.ph/author/gary-hernal/
- Gary P Hernalhttps://tutubi.ph/author/gary-hernal/
- Gary P Hernalhttps://tutubi.ph/author/gary-hernal/
- Gary P Hernalhttps://tutubi.ph/author/gary-hernal/
