An immigration lawyer says New Zealand stands to lose overseas investors if the country's border entry policies thwart its economic recovery. Wealthy Americans are leading a surge in foreign investors seeking a safe haven in New Zealand from their coronavirus-ravaged countries and economies. New Zealand Trade and Enterprise (NZTE) – the government's business development agency – last reported a tenfold surge in inquiries. Bevan Read/Stuff An immigration lawyer fears New Zealand’s strict border policies could hurt the economy by keeping out wealthy investors. Others who had already invested could not get their permanent residence and apply for an exemption to border restrictions.

Source: Stuff August 30, 2020 09:00 UTC