Simon Bridges: Auckland Business Chamber CEO on the new Business Investor Visa
Early Edition with Ryan Bridge · Newstalk ZB
Audio is streamed directly from the publisher (pdst.fm) as published in their RSS feed. Play Podcasts does not host this file. Rights-holders can request removal through the copyright & takedown page.
Show Notes
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.
LISTEN ABOVE
See omnystudio.com/listener for privacy information.