'A system that allows you to enter the country if you invest 700 million yen' exists in New Zealand, where entry is restricted.



In principle, the New Zealand government prohibits foreigners from entering the country as a countermeasure against the new coronavirus. However, there is a system in New Zealand where you can get an entry visa by investing a large amount of money, and this system has been criticized as a system that gives preferential treatment to millionaires.

New Zealand re-opens door to wealthy foreign investors promising to drop millions | Stuff.co.nz
https://www.stuff.co.nz/business/127330504/new-zealand-reopens-door-to-wealthy-foreign-investors-promising-to-drop-millions



In New Zealand, there are investor visas 'Investor 1 Resident Visa ' and ' Investor 2 Resident Visa ' that can be obtained by investing more than the specified amount. Investor 1 Resident Visa invests over NZ $ 10 million in 3 years and Investor 2 Resident Visa invests over NZ $ 3 million in 4 years It can be obtained.



The New Zealand government has banned foreigners from entering the country from March 2020 in response to the spread of the new coronavirus. However, according to Nikola Hogg, general manager of New Zealand's visa certification body, the above-mentioned investor visa issuance has resumed after a suspension of about a year, and Investor 1 Resident Visa has been issued by the time the article was written. 32 people, Investor 2 Resident Visa was issued to 76 people. 'Investor visa holders are worth NZ $ 1 billion a year for New Zealand,' Hogg told news media Stuff.

According to Stuff, issuing a visa does not necessarily mean the target person's entry into the country. However, Stuff gave an example of Google founder Larry Page entering New Zealand in August 2021. 'Families separated by a pandemic would have seemed to favor investors.' He blames the current situation where wealthy people are given preferential treatment.


by Greg Rubenstein

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