Published on November 9th, 2009 | by john.weir0
Record numbers migrate to New Zealand in 2009
New Zealandâ€™s annual immigration growth accelerated to a five-year high in September, with the governor of New Zealandâ€™s reserve bank saying that a recovery in immigration is bolstering spending and housing demand, which will underpin economic growth next year.
Predictions are that New Zealand will see permanent migrations to the country top 22,000 by the end of 2010.
New Zealand is also opening its borders to business people in a bid to boost its economic performance.
Under the new policy two types of investor will be able to gain immediate residency. One has no age or business conditions, but requires an investment of NZ$10m (Â£4m) over three years. The other category requires an investment of NZ$1.5m over four years, plus three years of business experience and an age limit of 65.
Those applying for the second category must also have settlement funds of NZ$1.5m. Applicants must spend a minimum time in New Zealand of 73 days a year for the first category and 146 days a year for the second.
Migrants entering under an investor visa would be able to invest in a range of products including government bonds, corporate bonds, equities and managed funds. They would also be able to take advantage of the country’s interest rate, which currently stands at 2.5 per cent, and lack of inheritance tax.
To find out more about migrating to New Zealand, why not come to Down Under Live in London on the 30th and 31st January 2010