Rich migrants put off by rules
5:00AM Saturday August 02, 2008
By Lincoln Tan and Simon Collins

Investors are turning their backs on New Zealand as a place to live and bring their money.

The number of approved investor migrants dropped from 1326 in 2002 to one this year, members of the New Zealand Association for Migration and Investment heard yesterday.

National immigration spokesman Lockwood Smith, who spoke at the association's conference, told the Weekend Herald the active investor category would be the first thing to be revamped under National.

"We are missing out on investment dollars... changes to business migration is one of five key focuses of National's new immigration policy, which will be released soon."

Business NZ immigration adviser Nicholas Green says investors stopped coming after three policy changes in 2005.

More here.