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. Immigration advisor Iain MacLeod has four clients, all offshore investors, who are waiting to have their residency visas approved once the borders open. The investor said a complete overhaul of the investor visa programme was required.

Source: Otago Daily Times May 04, 2021 02:37 UTC