New Zealand launches a new investor visa
The new Active Investor Plus visa will replace the old investment visa categories and would require migrants to make investments in New Zealand businesses.
The old visas resulted in migrants investing in shares and bonds rather than directly into New Zealand companies.
Eligibility criteria for the new visa include a minimum NZ$5 million ($3.1 million) investment.
It will cap so-called passive investment to 50% of a minimum $15 million investment.