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Five wealthy foreign investors granted residency despite borders being shut

• Source:  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. The International Arrivals terminal at Auckland Airport. Source: istock.com By Amy Williams for rnz.co.nz 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.

Critical worker border exemptions: Entertainment industry about 12% of approvals

Immigration New Zealand says 1666 requests for critical workers have been approved. Photo: HAYKIRDI/Getty Images/ATEED The 848 entertainers and crew who met the critical worker criteria included a Queen tribute band, the Lion King stage show and the Wiggles. They were among more than 7000 non-New Zealanders allowed across the border. Critical workers included staff with unique experience and technical or specialist skills not readily obtainable in New Zealand, or those creating a significant benefit to the economy. Criteria for exemptions also included workers delivering major infrastructure projects and government-approved events or programmes. Co-owners of America s Cup yachts were also among those who had been classed as critical workers.

Five wealthy investors granted border exemptions, then residency - www indianweekender co nz

Five wealthy investors granted border exemptions, then residency Tuesday, May 4, 2021 Amy Williams for RNZ 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. 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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