Erica Stanford: Immigration Minister on the success of the Government's new 'golden visa' scheme
Heather du Plessis-Allan Drive · Newstalk ZB
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Show Notes
The Immigration Minister says the first proper data will be collected on the value overseas investors bring to New Zealand.
The Government's confirmed almost 200 applications have been received from overseas investors since settings loosened in April.
Erica Stanford says applicants have six months to find and make an investment.
But she explained what happens after the initial funding is often more significant.
"We know through the data that we do have that they invest a whole lot more once they get here and they see the ecosystem and they fall in love with the place - and they're quite big philanthropists as well."
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