Simon Bridges: Auckland Business Chamber CEO on the new Business Investor Visa
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Simon Bridges: Auckland Business Chamber CEO on the new Business Investor Visa
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More foreign investors could soon flock in to work hard on Kiwi businesses.
The Government's new Business Investor Visa will give foreign businesspeople who invest at least $2 million into an existing Kiwi business a fast-track to residency.
If a business is worth $2 million, the applicant would have to buy it, and if it's worth more, they'd have to invest at least a quarter of its total value.
Auckland Business Chamber Chief Executive Simon Bridges told Ryan Bridge this definitely justifies a fast-track to residency.
He says the person who buys will have to work on the business for a period of time.
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