Articles tagged with Overseas Investment
Prime Minister Luxon Secures Major Investments in Renewable Energy and Tourism from Malaysia
1 week ago | 103 viewsPrime Minister Christopher Luxon announced significant investments in renewable energy infrastructure and tourism during his visit to Malaysia. Yinson Renewables plans to invest in New Zealand's renewable energy projects totaling around 1GW, with support from Invest New Zealand. Additionally, YTL Corporation Berhad acquired Hotel Indigo in Auckland for $160m, signaling confidence in New Zealand's tourism sector and receiving approvals from the Overseas Investment Office. Luxon also engaged in high-level talks on Indo-Pacific issues, established a Comprehensive Strategic Partnership with ASEAN, and signed a halal arrangement with Malaysia to boost exports before heading to the Republic of Korea for APEC.
Tags: Christopher Luxon Yinson Renewables Invest New Zealand YTL Corporation Berhad YTL Hotels Overseas Investment Office Malaysia East Asia Summit ASEAN.Accelerated Overseas Investment Decisions Boost New Zealand Business Growth and Job Creation
1 month ago | 173 viewsAssociate Finance Minister David Seymour highlights the importance of faster overseas investment decisions for businesses to access capital and create jobs with higher wages. Changes to the Overseas Investment Act have led to significant improvements in processing times, with almost 87% of consent applications processed faster than before. The government aims to streamline the process further to attract more investment, boost economic growth, and support job creation in New Zealand.
Tags: David Seymour LINZ Overseas Investment Act New Zealanders Minister Capital Investment Processing times National Interest Test RegulationsNew Zealand Opens Doors to Overseas Investors for Home Ownership under Active Investor Plus Visa
2 months ago | 366 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 investorsNew Zealand's Path to Economic Growth: Easing Investment for Businesses and Higher Wages
4 months ago | 1325 viewsAssociate Finance Minister David Seymour welcomes the passing of first reading for a Bill to make it easier for New Zealand businesses to receive new investment, grow and pay higher wages. The Overseas Investment (National Interest Test and Other Matters) Amendment Bill has passed its first reading in Parliament today. “New Zealand has been turning away opportunities for growth for too long.
Tags: Amendment bill David seymour New zealand Overseas investment ( national interest test and other matters Seymour ZealandAccelerated Overseas Investment Decision-Making: Minister's Directive Leads to Efficiency Gains
4 months ago | 1300 viewsAssociate Minister of Finance David Seymour is encouraged to see overseas investment decisions being made twice as fast following his Ministerial directive letter (the letter) to Land Information New Zealand (LINZ). “Last year I issued a Ministerial directive letter setting out my expectations for faster consent processing timeframes under the Overseas Investment Act (the Act),” Mr Seymour says. “The letter set my expectation that LINZ, the regulator for the Act, will process 80 per cent of consent applications in half the statutory timeframes for decisions.
Tags: David seymour Finance Land information new zealand National New zealand Overseas investment act SeymourGoing for growth with more overseas investment
4 months ago | 818 viewsAssociate Finance Minister David Seymour welcomes the introduction of legislation to make it easier for New Zealand businesses to receive new investment, grow and pay higher wages. The Overseas Investment (National Interest Test and Other Matters) Amendment Bill has been introduced to the House. “New Zealand has been turning away opportunities for growth for too long.
Tags: Amendment bill David seymour National interest test New zealand Other matters Overseas investment ( Seymour Zealand