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Immigration New Zealand hires 100 as Beijing office shuts - www indianweekender co nz

Immigration New Zealand hires 100 as Beijing office shuts

Five wealthy investors granted border exemptions, then residency

Five wealthy foreigners moved to New Zealand while the country s borders were closed, and were then granted residency to invest a combined $36 million. Hundreds of hopeful offshore investors - estimated to be worth $2 billion - have residency applications held up at the border. Photo: RNZ Immigration New Zealand (INZ) figures released to RNZ show the people were given border exemptions to enter the country before being granted residency under investor visas. That was despite hundreds more hopeful offshore investors - estimated to be worth $2 billion - having their own residency applications held up at the border. With the country s borders closed to foreigners, Immigration New Zealand (INZ) can only process investor residency visas for those already here.

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