4 May 2021

Wealthy foreigners moved to NZ while borders shut

From Morning Report, 8:44 am on 4 May 2021

Five wealthy foreigners moved to New Zealand while the country's borders were closed, and were then granted residency to invest a combined $36 million.

Immigration New Zealand figures released to RNZ show the people were given border exemptions to come here, before being granted residency under the investor category.

Another 400 hopeful offshore investors have residency applications held up at the border - estimated to be worth $2 billion.

Amy Williams filed this report.