NZ Signed A Deal with Chinese Banks for Visa Approval to their Clients

May 28, 2018

Immigration New Zealand signed a deal with China UnionPay and Bank of China to approve visas of their clients in just one working day. However, these clients should’ve already traveled to New Zealand in the past two years on a tourist visa to be eligible for the program. Bank of China’s Private Banking and Prestigious Wealth Management clients and China UnionPay’s Diamond or Platinum credit card holders are eligible for the program. An official from Bank of China said that the memorandum reduced visa processing time from 15 days to less than five days, most of their clients received New Zealand tourist visa in just one business day.

New Zealand Fast Tracks Visa for China Union Pay Clients

Pengbo Jiang, Immigration New Zealand director, said that it has also boosted the banks’ clients’ readiness to study abroad, invest, and travel to New Zealand. It has also helped in enhancing brand value for both the clients, which has enabled them to implement Bank of Canada’s global wealth management overseas development strategy. Also, these travelers won’t have to establish their financial employment status or evidence of onward travel to any other country or back home from New Zealand. Andrew Johns, tourism sector relationship manager for Immigration New Zealand, said that after entering the agreement Chinese tourist numbers had increased exponentially.

Growth forecast

He mentioned that they crossed their forecasted numbers, which is an excellent thing. They are looking forward to their continued cooperation with China UnionPay and Bank of China as it will help attract highly qualified Chinese tourists enter the country and also open more direct flights between New Zealand and China.

Bank of China also signed an agreement with New Zealand government in December 2017 on the NZ-China Mayoral Forum. The partnership will primarily focus on investment and trade opportunities especially in the tourism sector. It will increase jobs in the tourism department, which is a significant need in New Zealand.

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