28 July 2009
New investor policy announced for those wanting to emigrate to New Zealand
The New Zealand Minister of Immigration and the Minister of Economic Development have jointly announced today that a new Investor Policy – the Migrant Investment Policy will come into effect.
The new Migrant Investor Policy replaces the Active Investment Migrant Policy.
The Migrant Investment Policy aims to attract financial capital to local firms or the New Zealand government by providing residence to people who wish to make a significant financial contribution to New Zealand's economy.
The key requirements for each policy are:
Investor Plus (Investor 1 Category)
Investor (Investor 2 Category)
|Maximum age:||No requirement||65 or younger|
|Business experience:||No requirement||Minimum of three years|
|Investment funds:||NZ$10 million invested in NZ for three years||NZ$1.5 million invested in NZ for four years|
|Settlement funds:||No requirement||NZ$1 million (transfer not required)|
|Principal applicant's English language:||No requirement||
|Family member's English language:||No requirement||Same as principal applicant or pre-purchase ESOL tuition|
|Minimum time in New Zealand:||73 days in NZ in each of the last two years of the three-year investment period||146 days in NZ in each of the last three years of the four-year investment period|
|Health and character:||Applicants must meet health and character requirements.||Applicants must meet health and character requirements.|
In addition applicants will need to show they have the nominate funds or assets and that they are transferable to New Zealand.
The New Zealand Visa Bureau is an independent consulting company specialising in New Zealand visas and immigration.