Business and investor visas permit people who can contribute to New Zealand’s economy to live in New Zealand. You can do this by investing in New Zealand business or government, or if you have the right business experience, by buying or setting-up your own business in New Zealand (NZ).
New Zealand has introduced a new investor plus visa category that aims to attract experienced, high-value investors to invest in domestic businesses. Under the Immigration Re- balance strategy, New Zealand government introduced this visa category. To Visa category will open 19 September 2022.
Objectives – New Investor Plus Visa:
- To support the domestic businesses to grow into even more successful global brands
- To encourage investors of direct investments
- To create more high skilled jobs in the country
- To leverage the skills, experience and networks of migrants
- To update New Zealand’s investor visa settings is a key part of the strategy
- To attract high-value investors to enhance Economic and Regional Development of the country.
- To replace the existing Investor 1 and Investor 2 visa categories.
Eligibility – New Investor Plus Visa:
- Applicants who make acceptable direct investments, among other requirements, will be eligible for the new visa with a $5 million minimum investment and receive the highest rating which is a lower minimum amount than those who choose more indirect investments.
- The minimum amount required for indirect investments will be $15 million capping passive investment in listed equities to 50 per cent and excluding bonds and property.
- General “Health & Character” requirements. A medical examination is always part of the application procedure, and Police Certificates must also be submitted.
- The investor must be a fit and proper person. This means that someone must have complied with all relevant regulations (financial / immigration, etc) for the companies for which he / she has been responsible. In addition, no conviction for fraud, forgery, etc.
Key Points – New Investor Plus Visa :
- Focal point of the program is on ‘foreign direct investment’ in New Zealand companies
- Beginning July 27, New Zealand authorities will no longer accept Investor 1 or Investor 2 visa applications. Applications that were submitted before July 27 will continue to be processed.
- Beginning Sept. 19, individuals will be able to apply for the Active Investor Plus visa.
- Individuals who have Expressions of Interest (EOI), valid Invitations to Apply (ITA) and submitted applications for Investor 1 or 2 visas will be contacted by immigration authorities with further instructions.
- The Active Investor Plus visa, those who directly invest in New Zealand to receive three times the weighting per dollar invested, meaning applicants will be eligible for the visa with direct investments of $5 million NZD.
- The investors are allowed to invest over a three-year period and maintain their investments up to the end of a fourth years.
- Investors will need to spend at least 117 days, or around a month a year, in New Zealand over the four-year investment period.
- It intends to attract more active investors who can deliver real benefits to the economy over a long period of time
- Minimum investment threshold will range between NZ$5 million and NZ$15 million
- Investors will need to speak, read, write and understand English to at least Level 5 under the International English Language Testing System (or equivalent).
- A very important element in Investor Visa applications is that the applicant can show how s/he obtained their assets, and that this was done legally.
Advantages – New Investor Plus Visa:
- The ongoing recognition that investor migrants can add significant value to New Zealand businesses beyond financial capital.
- The focus on attracting active and high-value migrants with international expertise, which can benefit New Zealand in a productive and sustainable way.
- The acknowledgement that a more hands-on investment by migrant investors may ultimately deliver greater benefits to New Zealand.
- The scope to stagger investment(s) over a three-year period. This should provide a realistic time frame for investors to become better accustomed to the New Zealand business ecosystem, and to identify and execute investments that present a good fit based on their skills and experience.
- The transfer of the investor visa marketing and promotion, and aftercare services, to New Zealand Trade and Enterprise (NZTE).
- There is a clear policy alignment between NZTE’s mission to help New Zealand businesses grow internationally, and the types of applicants that the Active Investor Plus visa is designed to attract. This will also enable Immigration New Zealand to focus on the processing of applications.
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