Highlights:
New Zealand has decided to free up its annual intake of highly skilled migrants and chart a faster route to giving them permanent residency, as rich nations compete to lure the best global talent, Immigration Minister Michael Woods said in a statement.
"The changes is to ensure there is no cap on skilled migrants removes an artificial constraint in the old system," Immigration Minister Michael Woods said in a statement.
He was referring to a yardstick setting an indicative number of residence places each year that kept skilled migrants from settling in New Zealand even if there was a demonstrable need.
"We know many industries are calling for workers as the global labour shortage bites," Woods added.
Several developed economies have boosted annual migration numbers or eased visa rules to help key businesses recruit staff to fill shortages after the COVID-19 pandemic brought tighter border controls and kept foreign workers out.
From October, the government will also simplify its points-based system used to select skilled migrants, so helping to speed scrutiny of visa applications and give migrant workers more certainty regarding eligibility.
New Zealand does not have a formal limit on the annual number of skilled resident visas, but manages the process in a so-called planning range that limits the numbers securing permanent residency.
Source: NEW ZEALAND GOV'T
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