Expert warns New Zealand risks losing capital without private banking infrastructure

An international finance expert warned that New Zealand risks losing billions of dollars attracted through the Active Investor Plus programme if the country does not develop private banking infrastructure capable of competing with global wealth centers. This risk is heightened as Growth-category investors begin reaching the end of their mandatory three-year investment periods.

The expert stated that proposed tax changes alone are unlikely to retain the capital attracted by New Zealand. The challenge for New Zealand is to transition initial Active Investor Plus investments into broader financial relationships by providing internationally comparable private banking services.