Here we go…
Govt to relax immigration settings to attract wealthy foreign investors
The Government is relaxing immigration settings to encourage migrants to invest in New Zealand businesses, acknowledging wealthy foreigners unable to easily purchase New Zealand property “don’t love” renting.
Prime Minister Christopher Luxon announced the changes today at an Auckland Business Chamber event at the Cordis Hotel, saying he was “dusting off the welcome mat” and declaring New Zealand open for business.
Luxon detailed the changes to the Active Investor Plus (AIP) visa category, creating two “simplified” investment categories that will replace its existing “complex weighting system”.
From April 1, the visa would be split into two categories: Growth and Balanced.
The growth category applied to those making “higher-risk investments”, including those directly in local businesses. It would require a minimum investment of $5 million for a period of at least three years. Visa holders in this category would have to reside in New Zealand for a minimum of 21 days.
…this is going to be a farce.
The investments will inevitably be property development or 3rd tier lending debt vultures, removing the English language requirements and allowing them to pretend to be Kiwis by being in the country for a mere 3 weeks plus the inevitable change ion foreign ownership of buying houses are all aimed at feeding speculative real estate, it has nothing to do with actual economic growth.
Nicola Willis is an acolyte of the hard right NZ Initiative and Luxon is an entitled rich prick, why opening NZ up to more rich pricks and calling that an economic solution will help anyone other than the rich pricks is beyond me.
How remarkable that Big Winnie Peters is allowing this to pass without criticising the ability for rich prick foreigners buying our houses!
The naked truth is rich pricks will flee to NZ as the planet continues to melt, we don’t need to make it easier for them.
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It is also an act of desperation from a government who realise that they are actually making things worse, and who are now panicking because they don’t know how to fix what they have broken by their incompetence and mismanagement.
Ridiculous.
Spot on Steve, only an absolute moron would think it ridiculous. Oh wait?
Sensible analysis Steve
Of course. So long as we choose to remain ignorant and compliant we’ll deserve what we get.
Getting walked over by a short fat bald white god bothering cunt like luxon is a bit beyond the pale though isn’t it.
But wait, there’s more.
I forgot to mention that since our farmers have been parasitised to literal and metaphorical death there has to be a way of covering that up. Selling our AO/NZ out from under our dumb feet to rich foreigners is a way of laundering the lies told to us and the crimes committed against our farmers.
Better more ‘rich pricks’ than more refugees, or the ‘family’ quota of immigrants that have already arrived.
‘Rich pricks’ generate more for the country than refugees/refugees family.
rich pricks take as much as they can and then fuck off again
“‘Rich pricks’ generate more for the country than refugees/refugees family.”
Hahahaha, that old tory myth!
refugees don’t bid up asset prices or the cost of goods and services. are you some peasant lackey for your lord baron wannabes? Guess what. You aren’t invited to the party, please use the servants entrance on the way out.
As in Peter Thiel? That sort of rich prick?
Rich pricks always take…trickle down is long discredited. Exhibit A… PeterThiel got millions of taxpayer dollars in a buyback deal from the NZIVF set up by Steven Joyce.
https://www.nzherald.co.nz/business/billionaire-peter-thiel-makes-fortune-after-sweetheart-deal-with-government/B22JSOU3762DJCI53XCR4MLRHU/
Ordinary NZers need NZ to be place to “hide out” too as climate disaster kicks in hard. The bludgers being invited here are a total waste of time and resources.
Tellingly, if you make an anagram of “Peter Thiel” you’ll arrive at
“The Reptile”.
He was a Trump hanger on previously, but he was not in the front row of tech bros at the inauguration so who knows what this snake is up to.
Sound economic policy.
Yep the sound of crickets
Well, if you want to tax the rich, it seems logical to have more of them. . .
Same old globalist bullshit. Grow up plaything NZ. Put our won first. We need a patriotic, fortress like localization revolution. Jobs, flats, houses, healthcare, education etc. for New Zealanders. Big tech billionaires & lifestyle foreigners can piss right off.
I heard Erica Stanford rabbiting on about how wonderful wealthy foreigners are. She went into raptures (no exaggeration there) at the thought of how these talented people (apparently “wealthy” equates to “talented”) will be the salvation of New Zealand.
Actually, this erotic (you have to listen to the audio) fantasy is evidence of the desperation of the colonialist regime. They have run out of ways to salvage their economy and are left with nothing but shared pipe dreams.
The people who are going to save Aotearoa are not politicians in Wellington. They are not wealthy, and they are not foreigners. They are the tane and wahine who work in our community gardens, at the kura and the medical centre, on the mussel boats, in the forests and on the farms. They are the tamariki down at the kura. They are the people to whom Erica Stanford did not give a single thought in her gushing paean to rich foreigners. Yet they are the people who will take this land back from crazy demented colonialists.
Rich people will buy the expensive homes not the nickel and dime homes that1 st home buyers are after so it will be good for those selling these homes both owners and land agents.
The effort to attract more investment money is good for cash strapped entrepreneurs and the workers engaged by them.They do not need to speak English to do deals though most wealthy individuals can speak English as it is part of their education.
What has Thiel done for NZ?
FFS – were you still a child when Key did it? the same $1 million was re-invested over and over by multiple applicants to get a NZ passport.
Most NZders would rather be able to buy a house, than rent, too.
Has this govt. ever considered governing for NZders? You know, the people who elected them.
Do they want to be re-elected?
It seems not. We will be only too happy to oblige.
The Coalition of Chaos are all but gone….and when finally gone…. will be consigned to the history books as the worst government and Prime Minister of all time…. No small achievement when you consider the likes of the Shipley, Richardson, Key and English eras.
Rudderless from the outset ….operating purely on a sea of hyperbole, ignorance, bullshit, and bravado, Luxon, Seymour and Peters are the 3 amigos who are not amigos at all…just 3 spiteful egos…
Each one clambering for top dog status … that is their raison d’etre…
What binds them one might ask?….racism, climate change denying, mean spiritedness, weird nonsensical religious beliefs and self-vaunted hubris…hey.. that’s sounds like a really stable personality base to run a country off.
Money can get anyone into power …as has been proven…but it won’t necessarily get you quality people….these are not quality people.
Joy with respect I don’t think you get it.
They come and buy the flashest houses, so NZders, not quite as rich get second choice. Then NZders nowhere near as rich get third choice, then the ordinary ones like us get what’s left over if we can beat landlords to them. Nothing for first home buyers, nothing for people living on average wages.
What haven’t I got bof, explain it if you can.
Bob with his Dunning Kruger Effect again Joy. Bob simply hasn’t the intellect.
Can’t wait to clean their shitters and serve ’em at the supie!!!
When Luxon announced 2025 as a Year of Growth I thought okay. By December hopefully he can announce 20,000 new jobs created, or 30,000 or 50,000. Average wage increase. Unemployment for youth and young adults dropping. How naive I am.
It looks like what he means is growing the percentage of the economy owned or controlled by the already wealthy
Sell purchase, as our elders suffer unbelievable, hardship, as the Hutt boy, dares challenge our ongoing housing shortage,for our homeless mothers, some parents, and now our workers who have done and retired exploited by market rents on their pension, what a fucked up corporate free market we have allowed.
still on track to the bottom of the OECD .This is old policy that has acheived nothing in the past other than inflating house prices .We should but house sales into the CPI and then watch every rich cunt quiver at the 10to 20% inflation these moves will cause .The figure of $5 million is chicken feed as we know that amount wont even buy them a house in Queens town .
Totally agree!
Martyn – As long as this scheme is handed well, it should benefit us…Rather 200 so-called “rich picks”, than 200 poor pricks coming in.
rather 200 poor pricks that want to work than 200 grifters who want to suck us dry
man with no name – I somewhat agree…and I hope those poor pricks do work, however, without those rich pricks making jobs – hard to see this happening.
but the rich pricks wont create decent jobs with $5 million other than house cleaners and lawn mowers will they .It is just a scheme to allow overseas people to buy hoses here again
Face it, Nathan, none of them come here for our benefit.
It’s what we can do for them, that motivates them.