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Todd McClay: Trade Minister on Invest NZ axing its roadshow approach for the Active Investor Plus Visa
Published 2 weeks, 6 days ago
Description
The Trade Minister's defending a decision to scrap offshore staffing aimed at attracting golden visa money.
Government agency Invest NZ is making tweaks to its roadshow approach to attracting investors, and has cut its US and Europe-based staff.
The Active Investor Plus Visa lets big spenders invest a minimum of $5 million in New Zealand in exchange for a pathway to residency.
Trade Minister Todd McClay told Mike Hosking the private sector is already attracting people by itself.
He says law and investment firms are talking to their own clients and directing it, and while they want to promote New Zealand, they don’t want to replicate what the private sector does.
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