New Zealand is easing its investor visa rules to attract more wealthy individuals, dropping English language requirements and reducing the minimum residency period. Applicants can now qualify for residency by investing over $2 million in local businesses and spending twenty-one days in the country over three years. Prime Minister Christopher Luxon said the changes aim to boost foreign investment in the recession-hit economy, reversing the stricter policies introduced by the previous Labour government.
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00:00It's Benzinga bringing Wall Street to Main Street.
00:02New Zealand is easing its investor visa rules to attract more wealthy individuals,
00:06dropping English language requirements and reducing the minimum residency period.
00:11Applicants can now qualify for residency by investing over $2 million in local businesses
00:16and spending just 21 days in the country over three years.
00:20Prime Minister Christopher Luxon said the changes aim to boost foreign investment in
00:25the recession-hit economy, reversing the stricter policies introduced by the previous
00:29Labour government.