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    <p>New Zealand has confirmed that it will maintain their "Residence Programme" for 2010/11 at the current level of 45,000 to 50,000 visas with 60% allocated to the Skilled and Business Stream.</p>
<p>This announcement confirms the government's confidence in continued economic growth and subsequent demand for Skilled and Business migrants to support it.</p>
<p>In addition New Zealand have announced a reduction in tax rates from 1st October 2010, with the base rate falling to 17.5% - one of the lowest of any country.</p>
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<table>
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<h2>Visa Stream</h2>
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<td>Low 2010/11</td>
<td>High 2010/11</td>
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<td>Skilled/Business stream</td>
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<td>29,975</td>
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<td>10,700</td>
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<td>Capped Family Sponsored stream</td>
<td>4,950</td>
<td>5,500</td>
</tr>
<tr>
<td>International/Humanitarian stream</td>
<td>3,250</td>
<td>3,825</td>
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