The Active Investor Plus Visa that historically lured rich individuals to New Zealand and raked in an average NZ$1 billion (S$780 million) a year has languished after rule changes in 2022.
Just 35 applications have been fully approved in the past two years, equating to NZ$352 million of nominated investment funds, according to data from Immigration New Zealand.
"We are conscious that the last government changed those settings and we saw a marked decline in the number of investors," Finance Minister Nicola Willis said in an interview on Dec 12 in Wellington. "You can expect to see announcements from us on that in the coming weeks."
Bu hikaye The Straits Times dergisinin December 13, 2024 sayısından alınmıştır.
Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 9,000+ magazines and newspapers.
Already a subscriber ? Giriş Yap
Bu hikaye The Straits Times dergisinin December 13, 2024 sayısından alınmıştır.
Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 9,000+ magazines and newspapers.
Already a subscriber? Giriş Yap
Jay-Z will seek dismissal of sexual assault lawsuit his lawyer calls a 'sham'
Lawyers for Jay-Z (right) plan to ask a judge to toss a lawsuit accusing the American rapper of raping a 13-year-old in 2000, pointing to what they described as \"glaring inconsistencies\" that emerged in an NBC interview of the accuser, who was not named in the suit.
Comedian Jimmy O. Yang finds people who look more like him than himself in lookalike contest
It looks like there are Asians out there who look more like Jimmy O. Yang than the man himself, said the Hong Kong-born American actor and stand-up comedian.
Brazil judge orders Adele song to be pulled globally
A Brazilian judge has ordered a song by British pop superstar Adele (left), Million Years Ago (2015), to be pulled worldwide - including on streaming services - over an ongoing plagiarism claim by a Brazilian composer.
Local musician-TikToker first from Asia to be nominated
Drumeo Awards: TikTok Drummer of the Year category
Malcolm In The Middle is getting a four-episode revival on Disney+
NEW YORK - One of America's wackiest families is making a comeback.
Pedro Almodovar is not lost in translation
Working in English and directing Hollywood stars can be difficult for European directors. But the Spanish director's The Room Next Door is an exception
Lessons from a dog attack
Viewpoint Canines may bite and scratch when excited or caught by surprise
Could dark chocolate reduce risk of diabetes?
If you have long assumed that you must deprive yourself of delicious foods to be healthy, a new study in medical journal The BMJ offers encouraging news: Eating dark chocolate has been associated with a reduced risk of developing Type 2 diabetes.
BAD BACK
More teens and young adults hit with degenerative disc disease
Diplomacy ● Remark about chai in poor taste
I refer to the article \"No shortage of chai for Singapore's envoy in India after 'tasteless' brew post goes viral\" (Dec 16).
