New Zealand launches new migrant visa to attract 'experienced' investors
July 20, 2022, 12:15 pm

New Zealand launches new migrant visa to attract 'experienced' investors

New Zealand launches new investor migrant visa - Photo. Pixabay

The New Zealand government said on Wednesday that it had created a new investor migrant visa to attract experienced, high-value investors to invest in domestic businesses, the Khaleej Times reported, citing Reuters.

The new Active Investor Plus visa will replace the old investment visa categories and would require migrants to make investments in New Zealand businesses, Economic and Regional Development Minister Stuart Nash said in a statement.

He said the old visas had often resulted in migrants investing in shares and bonds rather than directly into New Zealand companies.

Nash said: "We want to encourage active investment into New Zealand, which generates more high-skilled jobs and economic growth compared to passive investment."

Eligibility criteria for the new visa includes a minimum NZ$5 million ($3.1 million) investment and only 50% of that can be invested in listed equities. The visa category will open on September 19, 2022.

Owing to their remoteness, the islands of New Zealand were the last large habitable landmass to be settled by humans - Photo. Pixabay

New Zealand is an island country in the southwestern Pacific Ocean. It consists of two main landmasses—the North Island and the South Island and over 700 smaller islands.

Due to their remoteness, the islands of New Zealand were the last large habitable landmass to be settled by humans.

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New Zealand ranks highly in international comparisons of national performance, such as quality of life, education, protection of civil liberties, government transparency, and economic freedom.

New Zealand underwent major economic changes during the 1980s, which transformed it from a protectionist to a liberalised free-trade economy.

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BENEFIT, the Kingdom’s innovator and leading company in Fintech and electronic financial transactions service, has sponsored the BuildHer CityHack 2025 Hackathon, a two-day event spearheaded by the College of Engineering and Technology at the Royal University for Women (RUW).
Aimed at secondary school students, the event brought together a distinguished group of academic professionals and technology experts to mentor and inspire young participants.
More than 100 high school students from across the Kingdom of Bahrain took part in the hackathon, which featured an intensive programme of training workshops and hands-on sessions. These activities were tailored to enhance participants’ critical thinking, collaborative problem-solving, and team-building capabilities, while also encouraging the development of practical and sustainable solutions to contemporary challenges using modern technological tools.
BENEFIT’s Chief Executive Mr. Abdulwahed AlJanahi, commented: “Our support for this educational hackathon reflects our long-term strategic vision to nurture the talents of emerging national youth and empower the next generation of accomplished female leaders in technology. By fostering creativity and innovation, we aim to contribute meaningfully to Bahrain’s comprehensive development goals and align with the aspirations outlined in the Kingdom’s Vision 2030—an ambition in which BENEFIT plays a central role.”
Professor Riyadh Yousif Hamzah, President of the Royal University for Women, commented: “This initiative reflects our commitment to advancing women in STEM fields. We're cultivating a generation of creative, solution-driven female leaders who will drive national development. Our partnership with BENEFIT exemplifies the powerful synergy between academia and private sector in supporting educational innovation.”
Hanan Abdulla Hasan, Senior Manager, PR & Communication at BENEFIT, said: “We are honoured to collaborate with RUW in supporting this remarkable technology-focused event. It highlights our commitment to social responsibility, and our ongoing efforts to enhance the digital and innovation capabilities of young Bahraini women and foster their ability to harness technological tools in the service of a smarter, more sustainable future.”
For his part, Dr. Humam ElAgha, Acting Dean of the College of Engineering and Technology at the University, said: “BuildHer CityHack 2025 embodies our hands-on approach to education. By tackling real-world problems through creative thinking and sustainable solutions, we're preparing women to thrive in the knowledge economy – a cornerstone of the University's vision.”