Associate Minister of Finance David Seymour highlights the New Zealand government’s efforts to improve overseas investment processes. A new directive has significantly sped up consent processing times under the Overseas Investment Act, reflecting a broader commitment to attracting more investment to support the nation’s economic growth.
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Accelerating Progress: New Zealand Boosts Foreign Investment with Streamlined Procedures
Unlocking investment in Build-To-Rent housing developments
In a strategic move to bolster the housing sector, the coalition Government has announced plans to introduce legislation aimed at streamlining the investment process for overseas investors in Build to Rent (BTR) developments in New Zealand. Housing and Associate Finance Minister Chris Bishop detailed the Cabinet’s decision to amend the Overseas Investment Act 2005, a key component of the Coalition government’s 100-day Plan, designed to foster the growth of BTR housing developments. This initiative represents a significant shift towards accommodating a relatively new, yet promising, rental housing model in New Zealand.
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