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Acceptable investment criteria
For an investment to be acceptable to us, 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
not be for your personal use, eg your home, boat, or car.
Investments must be in one or more of the following:
bonds issued by the New Zealand government or local authorities
bonds issued by New Zealand firms traded on the New Zealand Debt Securities Market (NZDX)
bonds issued by New Zealand firms with at least a BBB- or equivalent rating from internationally recognised credit rating agencies, eg Standard and Poor's
bonds issued by New Zealand registered banks
bonds in finance companies
equity in New Zealand firms - these can be public or private
equities in New Zealand registered banks
residential property development
eligible New Zealand venture capital funds
commercial property
philanthropic investment
'Angel funds or networks’ investments
Types of acceptable investments
Residential property development
We'll consider a residential property development is an acceptable investment if it meets all of the following criteria:
it's a new development, and not a renovation or extension to an existing residential property
the development has the necessary approvals and consents
the purpose of the development is to make a commercial return on the open market - it must not be for you, your family or friends to live in.
You can't include the costs of any regulatory approvals or consents in your investment funds.
Commercial property
Commercial property is an acceptable investment where:
The property(ies) is not residential or for domestic use.
The property(ies) is used for business purposes, in that it is
capable of a commercial return; and
not used for land banking
The purpose of the commercial property investments must be to make a commercial return on the open market.
Neither the family, relatives, nor anyone associated with the principal applicant may reside in the development.
If a new development, the property(ies) must have been approved and gained any required consents by any relevant regulatory authorities (including local authorities).
Commercial property can include empty land if plans for development are submitted to regulatory authorities and/or work has commenced.
Philanthropic Investment
For a Philanthropic investments to be considered acceptable, we must be satisfied that it is genuine and is in:
a registered charity with at least two years annual returns and Inland Revenue donee status; or
a not-for-profit organisation that provides social, cultural or economic benefits approved by the Business Migration Branch Operations Manager.
Factors to determine if a philanthropic investment is genuine, may be include, but are not limited to:
the length of time the entity has been operating; and
the constitutional arrangement of the entity; and
the entity’s track record.
Growth Investments
Growth investments are ‘acceptable investments’ other than:
bonds; and
philanthropic investments.
All invested funds must meet the conditions of an acceptable investment.
For the purpose of growth investments, convertible notes are considered to be bonds.
Investor 1 resident visa applicants
If you invest a minimum of NZ$2.5 million you will be eligible to spend 80 days at any time over the three year investment period.
Investor 2 resident visa applicants
If you invest a minimum of NZ$750,000 in ‘growth investments’ you will be eligible to:
spend a minimum time period in New Zealand of 438 days over four years from first arrival in New Zealand as a resident, or the grant of a resident visa while in New Zealand; and
qualify for 20 bonus points.
If you invest a minimum of NZ$1.5 million you will also be eligible to qualify for a reduction of NZ$0.5 million of the investment amount.
When the investment period begins
If the funds you name in your visa application already meet the requirements for acceptable investments, your investment period will begin on the day we write to you to let you know your application's been approved in principle.
If you transfer your funds into an acceptable investment after we approve your application in principle, the investment period will begin on the date you have transferred and invested all of the required investment funds.
Keeping your funds invested
You’ll need to keep your funds invested in New Zealand for the time period set out in your visa conditions. The time will depend on the kind of visa you have.
You can move your investment funds from one acceptable investment to another during the investment period. To make sure we'll accept the new investment, you should contact the Business Migration Branch before moving your investment.
Contact us