Latest / Early Edition with Ryan Bridge
Simon Bridges: Auckland Business Chamber CEO on the new Business Investor Visa
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…
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