9 Apr 2024

Dramatic drop in number of millionaires receiving NZ visas

From Morning Report, 8:47 am on 9 April 2024

Immigration lawyers are worried by a dramatic drop in the number of millionaires receiving so-called golden visas.

The visa category gives wealthy investors residence in New Zealand but was overhauled a year-and-a-half ago to encourage direct investment in local companies.

Since then, just 20 people have received the Active Investor Plus visas, down from a couple of hundred a year under the previous scheme.

Amy Williams reports.