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New Zealand cut foreign investment approval time to 15 days for most assets to boost growth, jobs, and investment.
New Zealand has passed new laws to speed up foreign investment approvals to 15 working days for most assets, down from 70, aiming to boost economic growth and job creation.
The reform, which excludes farmland, residential land, and fishing quota, streamlines the national interest test and allows overseas investors with certain visas to buy homes valued at least $5 million.
The Overseas Investment Office now processes nearly 83% of applications in half the time, cutting average processing from 71 to 28 days.
Officials say the changes address years of slow productivity growth and aim to attract capital, technology, and skilled migrants.
Nueva Zelanda redujo el tiempo de aprobación de inversión extranjera a 15 días para la mayoría de los activos para impulsar el crecimiento, el empleo y la inversión.