Sign up now for FREE unlimited access to Reuters.com Register WELLINGTON, July 20 (Reuters) – New Zealand’s government said on Wednesday it had created a new immigrant investor visa to attract experienced high-net-worth investors to invest in domestic businesses. The new Active Investor Plus visa will replace the old investor visa categories and require immigrants to make investments in New Zealand businesses, Economic and Regional Development Minister Stuart Nash said. He said the old visas often resulted in migrants investing in stocks and bonds rather than directly in New Zealand companies. Sign up now for FREE unlimited access to Reuters.com Register “We want to encourage active investment in New Zealand, which creates more high-skilled jobs and economic growth than passive investment,” Nash said. Eligibility criteria for the new visa include a minimum investment of NZ$5 million ($3.1 million), and only 50% of that can be invested in listed shares. The visa category will open on 19 September 2022. ($1 = NZ$1.6033) Sign up now for FREE unlimited access to Reuters.com Register Report by Lucy Craymer. Edited by Stephen Coates Our Standards: The Thomson Reuters Trust Principles.
