Overseas Investment Reform Enables More Jobs And Growth

Overseas Investment Reform Enables More Jobs And Growth

The bill also ensures overseas-based investors with a New Zealand investor resident visa will be allowed to buy a house here, to encourage more investment to grow the economy.

Overseas investment reform enables more jobs and growth

Associate Finance Minister David Seymour is welcoming the passing of the Overseas Investment (National Interest Test and Other Matters) Amendment Act. The changes mean most overseas investment decisions must be made in 15 working days and New Zealand businesses will have more opportunities to receive new investment, grow and pay higher wages. “New Zealand has been turning away opportunities for growth for too long. Having one of the most restric…