Articles tagged with New Zealand Economy
InvestNZ Launches Strategic Growth Areas and Investment Prospectuses for NZ
1 month ago | 136 viewsTrade and Investment Minister Todd McClay announced the launch of Invest New Zealand, an agency focused on attracting significant foreign investment to boost the economy by targeting projects from $20 million to $1 billion and advising on supportive policies. InvestNZ will prioritize six strategic growth areas, including renewable energy, technology, and advanced manufacturing, while acting as a bridge between local investors and high-value opportunities. Additionally, three investment prospectuses for Tourism, Wood Processing, and Innovative Food Production were introduced to showcase New Zealand's competitive sectors and attract global investors.
Tags: Todd McClay Invest New Zealand Foreign Direct Investment InvestNZ Active Investor Plus Auckland Business Chamber Tourism Wood Processing Innovative Food Production New Zealand economyNew Zealand Opens Doors to Overseas Investors for Home Ownership under Active Investor Plus Visa
4 months ago | 465 viewsOverseas-based investors with a New Zealand investor residence visa can now buy a house in New Zealand to stimulate economic growth, despite the ban on foreigners purchasing residential housing. The Active Investor Plus residency visa, requiring a minimum investment of $5 million, aims to attract high net worth individuals to deepen their connection to New Zealand and contribute to the economy by allowing them to own a home. This policy change balances the desire to limit foreign ownership while attracting significant investors to invest in the country, potentially bringing in a total minimum investment of $1.8 billion.
Tags: Christopher Luxon Prime Minister New Zealand Investor residence visa Active Investor Plus Foreign buyer ban Overseas Investment Act New Zealand economy High net worth investorsPort of Auckland Wharf Expansion Fast-tracked for Economic Growth
4 months ago | 449 viewsInfrastructure Minister Chris Bishop and Regional Development Minister Shane Jones are pleased that the first Fast-track project, the Port of Auckland wharf expansion, has received approval under the Fast-track Approvals Act. The project includes a new wharf, berth extension, cruise terminal, and other upgrades, with construction set to start next month to create jobs and boost the economy. The Act streamlines the approval process for projects, with expert panels assessing applications and attaching necessary conditions, aiming to drive economic growth and efficiency in critical sectors like Auckland's port infrastructure.
Tags: Chris Bishop Shane Jones infrastructure New Zealand economy Environmental Protection Authority Auckland economy legislation expert panel project approval