New Zealand Residency

BENEFITS OF THE RESIDENCY PROGRAM

INVESTMENT BY RESIDENCE –REQUIREMENTS:

The two types of investor plans distinguish from each other in some ways as explained below:

• Investor 1 Resident Visa: The applicant must have 10 million NZD in New Zealand over a three-year time period to apply for this option. The good side is that there is no requirement for language, business experience, and no age limit is defined as well.
• Investor 2 Resident Visa: It is for people who have business experience and the age limit is 65 or younger. They must have 3 million NZD in available assets or funds. There is a point-based system to check the criteria fulfillment. The applicant should invest at least 3 million NZD in an adequate investment in New Zealand held for four years next. They should have an English-speaking background or an International English Language testing system test report consisting overall score of three or more, or they should be capable English users.

ACCEPTABLE INVESTMENTS

There are a few investment types considered acceptable in New Zealand is listed below:

• Investments that hold the ability of commercial return.
• Which can be contributed to the economy.
• Invested in New Zealand as NZD amount.
• Which is not for the personal use of the applicant.
• Which has been invested in managed funds of lawful enterprises.

Some of the investments considered acceptable are:

• Registered banks.
• Firms having at least BBB or equivalent requirement.
• Finance companies.
• Bonds which are issued by New Zealand government itself.
• Firms that have traded in the New Zealand debt securities market.

PROCEDURES AND TIME PERIOD OF THE NEW ZEALAND RESIDENCE BY INVESTMENT PROGRAM

INVESTOR 1:

• The applicants directly apply to the Immigration New Zealand without the need for Expression Of Interest (EOI).
• The approval time varies from three to four months, based upon the quality of information submitted and the security and health checks as well.
• Immigration New Zealand approves the in principle and issues visa when funds are transferred and invested, and a piece of evidence has been shared with the agency. Once the requirement is fulfilled, the visa is issued in the next two to four weeks.
• The successful applicants are required to spend 44 days of the last two years or 88 days of the three years in New Zealand if they should invest 2.5 million NZD in growth investments.
• Travelling is only allowed in and out of the country, when the condition for two years investment is met.
• If the conditions for the first three years investments are met then the applicant and the family members can apply for the permanent residency which is valid for a lifetime.

INVESTOR 2:

• The requirement to send an EOI is a must in this case, mentioning the applicant’s personal details, business experience and investment funds.
• Once the EOI is accepted, the applicants and spouse/dependent are allowed to apply for residence. Invites are sent usually within two weeks of selection of EOI.
• When the invitation is sent to the applicant, he is given four months to apply.
• The approval time varies from eight to twelve months, based upon the quality of information submitted and the security and health checks as well.
• Immigration New Zealand approves the in principle and issues visa when funds are transferred and invested, and evidence has been shared with the agency. Once the requirement is fulfilled, the visa is issued in the next two to four weeks.
• The evidence of funds maintenance is required at the end of second and further years of the residence to the applicant in New Zealand.
• The particular applicant is required t accumulate 146 days in two, three, and four years each, of the investment period, or 438 days over the period of 4 four years investment period, if they invest at least 750000 NZD in growth investments.

CITIZENSHIP IN NEW ZEALAND: