23 Mar New Zealand residency by investment [2023 Guide]
The New Zealand Active Investor Plus Visa is a highly sought-after program for anyone looking to gain residency in the country while pursuing business opportunities. This article describes the application process and requirements, covering these areas:
- Overview of New Zealand’s residency by investment program
- Requirements for residency by investment in New Zealand
- Types of investments that qualify for residency
- Minimum investment amounts for residency by investment in New Zealand
- Benefits of residency by investment in New Zealand
- Process of applying for residency by investment in New Zealand
- Documents required for residency by investment in New Zealand
- Expected processing times to acquire residency in New Zealand
- New Zealand residency by investment: Conclusion
Overview of New Zealand’s residency by investment program
The residency by investment program is designed to attract investors who can make a significant contribution to the New Zealand economy by investing in businesses and creating jobs.
The current scheme for residency by investment in New Zealand is the Active Investor Plus Visa, launched at the end of 2022. It involves a minimum NZD 5 million investment that benefits the local economy, and successful applicants can live, work or study in the country indefinitely, as long as they maintain the investment requirements and other obligations.
The initial visa is valid for three years and can be further extended for two-year periods, as long as you continue to meet the requirements of the programme.
Requirements for residency by investment in New Zealand
Investors must observe the following rules and guidelines:
- Applicants must be aged over 18.
- Your investment must be in an active and lawful business or philanthropic venture. You are barred from investing in disreputable industries such as gambling or pornography.
- Applicants must provide evidence that they have sufficient funds for their living expenses in New Zealand, in addition to the investment amount. This is crucial, as the government seeks to ensure that the applicant will not be a burden on the New Zealand social welfare system.
- You must be of good health and good character and will require documents attesting to this.
- You are required to spend 117 days in New Zealand across the four-year residency period.
- You will need good English language skills.
- To purchase residential property, you need to be physically resident in New Zealand for much of the time. If you are only present in the country for the minimum number of days, approval will be required before you can buy residential real estate. If you have been physically present in the country for at least 183 days in the last 12 months and are a New Zealand tax resident, you are free to purchase property anywhere in the country.
- If your application is successful, you will be granted a work visa, allowing you to live and work in New Zealand for three years. During this time, you must meet certain conditions, such as investing the required amount in the approved business venture and residing in New Zealand for a minimum amount of time each year.
- If families are included on the residency visa, they are required to go to New Zealand within 12 months of their visa being granted but are not required to remain in New Zealand for any minimum length of time.
- Family members aged 16 and over are required to meet English language requirements, or they can choose to pre-purchase ESOL tuition to be undertaken in New Zealand.
Types of investments that qualify for residency
The New Zealand Active Investor Plus program requires an investment between NZD 5 million and NZD 15 million in New Zealand. Investments that qualify for the program include:
- Equity and Shares: Investment in approved New Zealand registered companies that have been in operation for at least three years.
- Managed Funds: Investment in approved New Zealand managed funds (private equity or venture capital funds) that have been in operation for at least three years.
- Direct investment: Investment into a private business or residential property in New Zealand.
- Philanthropic Investment: Applicants may also make investments of at least NZD 2 million in local charitable organisations, community projects, or non-profit initiatives.
It is important to note that the investments made by the applicant must have the potential to benefit New Zealand economically and socially and must align with the country’s social, economic and environmental goals.
Minimum investment amounts for residency by investment in New Zealand
Applicants for the residency in New Zealand program must invest between NZD 5 million and NZD 15 million over four years.
Benefits of residency by investment in New Zealand
These are just a few of the many benefits of life in New Zealand:
- There is no gift, estate, wealth or capital gains tax in the country.
- New Zealand enjoys a high standard of living, excellent health and education services, a diverse and multicultural population, political, social and economic stability and a well-established legal system based on English law.
- The residency by investment program helps you establish a foothold in the Asia-Pacific region, as the country is a gateway to this lucrative market.
- New Zealand schools and universities rank among the best in the world.
- The residency program provides a clear pathway to permanent residence and, ultimately, citizenship. The New Zealand passport is among the top 10 in the world, giving access to over 180 countries.
Process of applying for residency by investment in New Zealand
The first thing to do is speak to Huriya Private, who will guide and assist you through the visa application and renewal process. This is a brief summary of the process:
- Applications must be accompanied by the relevant fees and supporting documents, including a completed application form.
- Investments must be held for at least three years. After the fourth year, you will be able to apply for permanent residence, as long as you maintain the investments and satisfy the minimum requirement for time spent in the country.
- After three years, you can apply for a two-year extension to your visa, and after four years you can apply for residency for your parents.
- After five years, you can apply for permanent residence status, allowing you to live and work in New Zealand indefinitely.
Documents required for residency by investment in New Zealand
To apply for the New Zealand Active Investor Plus program, applicants must submit several documents to support their application, including the following:
- Proof of business and investment background: You must provide a detailed business and investment history, including details of companies owned or hold indirect investments.
- Proof of funds: You will need to provide documents verifying the source of the funds being invested, including bank statements, tax returns or any other relevant financial statements.
- Health and character certificates: Evidence of good character is required, and you must also undergo a medical examination to show you are in good health.
- Evidence of family relationships: You may be asked to provide evidence of your family relationships if your spouse or dependent children are included in the application.
- Expression of Interest (EOI) form: You must submit an EOI stating your intention to seek residency in New Zealand and outlining your investment plans.
- Business Plan: You will need a business plan outlining your investment strategies and how they will contribute to the New Zealand economy.
- Proof of English Language Proficiency (through an IELTS test, for example).
- Signed declaration: You must sign a declaration verifying the information you have provided and stating that you understand the terms and conditions of the visa program.
Please ask Huriya Private to assist you with gathering all the required documents for the application.
Expected processing times to acquire residency in New Zealand
The processing time for the residency by investment program in New Zealand is eight to nine months from submission of the application to approval.
New Zealand residency by investment: Conclusion
The Active Investor Plus Visa program in New Zealand provides a clear pathway to permanent residence and, ultimately, citizenship, allowing investors to make a significant contribution to the New Zealand economy. With access to world-class education, a high quality of life, and a strategic location, New Zealand is an attractive destination for investors looking to establish a foothold in the Asia-Pacific region.