Government to relax foreign investment rules, David Seymour announces

Summarised by Centrist

Associate Minister of Finance David Seymour announced reforms to the Overseas Investment Act, making it easier for foreign investors to buy New Zealand property and companies. Seymour criticised current policy as the “worst in the developed world,” adding that it deters international investors with high compliance costs and delays. He urged Kiwis to see foreign investment as a “vote of confidence” in New Zealand’s future.

Read more over at RNZ