WHAT IS THE NEW ZEALAND INVESTOR VISA?
The Investor Category 2 is a residency-by-investment and point-based system program requiring at least NZD 3,000,000 to be invested into acceptable investments. The investment must be maintained for at least 4 years, and successful applicants may apply for citizenship after 5 years.
Advantages of New Zealand permanent residency
- Permanent residence in New Zealand for successful applicants
- Dependents included:
- Spouse or partner
- Children up to 24 years old
- Access to one of the most advanced education and healthcare systems in the world
- Possibility to apply for New Zealand citizenship after 5 years of permanent residency and intend to continue living there
An applicant has the choice of investing in the following acceptable investments:
- New Zealand government bonds or local authorities, bonds issued by New Zealand registered banks
- Equity in New Zealand firms, public/private
- Managed funds where the amount invested relates wholly to New Zealand companies
- New residential property developments, which are regularly approved by competent authorities
- Some commercial properties
- Philanthropic Investments
- Investment of NZD 3 million made into acceptable investment for a minimum of 4 years
- In order to qualify for New Zealand permanent residency, the investment amount may be reduced to NZD 2.5 million if a minimum of NZD 1.5 million is invested into a ‘growth’ investment, such as real estate
- The applicant should be aged 65 years or under
- Demonstrate at least 3 years of business experience
- The applicant and any dependents aged 16 or older must satisfy English language requirements
- Meet New Zealand health and character requirements
- Points based application system
- Physical residence of a minimum of 438 days over the 4-year period (instead of 146 days in each of Years 2, 3 and 4) if NZD 750,000 are invested in ‘growth’ investments
- At the end of the 4-year investment period, subject to maintaining investment, the possibility to apply for a permanent resident visa for the applicant and any family member included in the application, and eventually citizenship
- Submission of an Expression of Interest (EOI) form and need to satisfy an eligibility point test
- The eligibility criteria are age, business experience, English language, and investment funds
- Receipt of an Invitation to apply in case of nominated applicants
- Submission of the application within 4 months
- Upon approval-in-principal, transfer of the funds and investment in acceptable investments within 12 months (possible extension to 18 months)
Submission of documents supporting that the funds come from the same source than the one named in the application
What is the requirement for Investor 2 Visa?
The Applicant needs to invest a minimum of NZ$3 Million over a period of 4 years.
Who may be included in the application?
- Partner (spouse) – married or de facto (same or opposite sex);
- dependent child, up to 24 years of age
What is the minimum investment?
The Applicant must make a complying investment or a complying significant investment of at least NZ$3 million into an acceptable investment for a minimum of four (4) years. If more than NZ$1.5 million is invested into a growth investment such as real estate, a reduction of NZ$0.5 million in investment from NZ$3 million to NZ$2.5 million in total is provided. However, the Applicant is still however required to show evidence of the full NZ$3 million.
Does the Applicant need to be nominated by a state or territory government agency on behalf of the New Zealand government to apply?
Yes, the Applicant will be required to Submit an Expression of Interest (EOI) form to immigration of New Zealand and will need to satisfy an eligibility point test. The eligibility criteria are age, business experience, English language, investment funds.
What requirements does an Applicant have to meet?
- Character: The Applicant and his family members, migrating or not, must meet character requirements. A police certificate may be asked to be provided from each country the individual has lived in for 12 months or more during the past 10 years after they turned 16 years of age.
- Age: The Applicant needs to be aged 65 years or under.
- Business experience: The Applicant needs to demonstrate at least 3 years of business experience.
- Language: English speaking background or level 3 in International English language testing system (IELTS)
What are acceptable investments?
For an investment to be acceptable to New Zealand Immigration, it must:
- be able to make a commercial return;
- be invested in New Zealand;
- be invested in New Zealand dollars;
- be invested in lawful enterprises or managed funds;
- have the potential to contribute to New Zealand’s economy; or
- not be for your personal use, e.g. your home, boat, or car.
What sort of investments are permitted?
- Bonds issued by the New Zealand government, local authorities, or by New Zealand registered banks;
- Equity in New Zealand public/private firms;
- Managed funds where the amount invested relates wholly to New Zealand companies;
- Residential property development and/or commercial properties; or
- Philanthropic Investments, i.e. registered charity or non-for-profit organization
Does the Applicant need to prove the source of funds for the investment?
The Applicant must prove that he is the lawful owner of the funds and can prove that assets or funds have been earned or acquired legally.
How many days does the Applicant, or his spouse have to reside in New Zealand?
- The Applicant is required to reside in New Zealand for at least 146 days per year (in year 2, year 3 and year 4) during the 4-year investment period; or
- If you have invested in growth investments – 438 days over the 4-year investment period (depending on the value of the investment).
Is there a Quota?
Yes. 400 residence applications per year, and selection based on highest points total.
Can you apply for Citizenship? If so after how long?
Yes. After 5 years of residency and subject to maintaining investment in New Zealand.
Read also about the New Zealand investor 1 Visa
The present document is intended for guidance and general information only and does not constitute or purport to provide you with legal advice. Such information is subject to changes without notice. Each case is unique and depends on the facts and circumstances of the individual and due consideration should be taken if applying the general information to your personal situation. For an evaluation of your personal circumstances one of our legal team would be happy to assist.