Erica Stanford: Immigration Minister on the new Business Investor Visa

The number of people coming in on the Government's new Business Investor Visa could be limited.    It'll fast track residency for any foreign investors who put $2 million or more into a Kiwi business.  If a business is worth $2 million, the applicant will have to buy it, and they'll have to invest at least a quarter of its total value if it's worth more than that.  Immigration Minister Erica Stanford told Mike Hosking she thinks around 100 of these visas will be granted in the first year.  She said this isn’t an Oprah-style “everyone gets a visa” situation.   LISTEN ABOVE See omnystudio.com/listener for privacy information.