By MARTIN KAY - The Dominion Post Thursday, 7 June 2007
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ROBERT KITCHIN /Dominion Post
SHOW ME THE MONEY: Migrants to New Zealand face tougher residency requirements under changes unveiled by Immigration Minister David Cunliffe.
The richest migrants to New Zealand will no longer have to speak any English - but their money will have to do the talking to the tune of at least $20 million. They also face tougher residency requirements under changes unveiled by Immigration Minister David Cunliffe in an admission that reforms introduced just two years ago were a dismal failure.
Mr Cunliffe said those changes - which required investor migrants to deposit $2 million with the Government for five years with a return at the rate of inflation - had attracted just 18 applicants in the year to date. [Read more]
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