Andrew Barnes: What Govt should demand of wealthy investors coming to NZ
19 May, 2021 08:00 PM
5 minutes to read
There's currently little to ensure that rich investors actually contribute to the local community. Photo / Getty Images
There's currently little to ensure that rich investors actually contribute to the local community. Photo / Getty Images
NZ Herald
OPINION:
Back in May 2017 an intriguing – and potentially helpful – change was made to the investor visa application programme; applicants were allowed to donate up to 15 per cent of their investment to
registered charities or not-for-profits in New Zealand.
However, the latest figures from Immigration New Zealand show that in the four years that have elapsed since applicants were given this option, not a single person is recorded as having done so – despite $9 billion being invested to date under the terms of the visa programme.