Surge in rich gaining NZ residency - CathNews New Zealand

Surge in rich gaining NZ residency

Tuesday, October 1st, 2013

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Mega-rich people are flocking to New Zealand after immigration rules were relaxed for people with at least $10 million to spend.

The change in 2009 has led to a surge in seriously rich people gaining New Zealand residency and most don’t need any business experience or English language expertise.

More than 100 people have been approved under the “investment plus” category, open exclusively to those investing $10 million in New Zealand, and dozens more are applying every year. Read More

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News category: News Shorts.

Tags: Immigration, Poverty, rich

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