Ranked as one of the top countries in the world for doing business, New Zealand is an attractive destination for investors who want to gain residence in the country. So, what are the requirements for an NZ Investor Visa? Discover how to gain residency from investment below.
There are two options for gaining residence from investment in New Zealand: The Investor 1 Resident Visa and the Investor 2 Resident Visa. Both visas allow successful applicants and their families to live, work, and study in New Zealand indefinitely but have different criteria.\
The Investor 1 Resident Visa is for those who can invest NZD $10 million into New Zealand over 3 years. Applicants must prove that the investment was lawfully earned.
This visa has no restrictions for age, language, or business experience. However, as with all visa applications, applicants must demonstrate that they are of good health and character. Applicants can include immediate family in their applications. The main applicant needs to spend at least 88 days in NZ as a resident accumulated over the three-year investment term.
The Investor 2 Resident Visa is for experienced business people (owners or senior managers) who have at least NZD $3 million in available funds or assets. The applicant must prove that their investment was lawfully earned and be prepared to hold those funds in New Zealand for four years. The applicant also must spend 146 days in New Zealand in three out of the four-year investment term.
Unlike the Investor Visa 1, there are age and language requirements for the Investor 2 Visa. The main applicant must be under 66 years of age, speak English to a basic standard, and have 3 proven years of business experience.
Applicants complete an Expression of Interest (EOI) to be considered for this visa. The EOI must outline the details of the applicant’s business experience and investment. If the EOI is accepted by Immigration New Zealand, the applicant will be invited to apply for residence. Dependent children (up the age of 25) and partners can be included in the Investor 2 Resident Visa application. Read more about partnership visas.
While gaining residence from investing in New Zealand offers many benefits, it also presents challenges. The Investor Visa is one of the most difficult resident visas to obtain and has a high failure rate due to its strict requirements.
Above all else, Immigration New Zealand wants proof that you’ve invested in NZ lawfully. This is where many applicants make mistakes. If you fail to prove that you made your money legally, that it is fully tax-paid, and that you used the official NZ banking system to make your investment, it is likely your application will not be accepted. There are a number of requirements to meet over the investment term and it is critical to get this right in order to secure Permanent Residence.
The government is reviewing the Investor Visa so changes are likely. If you are interested in this visa - act now.
The Investor Visa is a very specialised area of immigration policy; one that requires the assistance of experienced NZ immigration advisers who understand the visa’s complexities and unique challenges.
Want to learn more about the NZ Investor Visa requirements? Don’t hesitate to get in touch with Malcolm Pacific Immigration for assistance. We have one of the most skilled and experienced Investor Visa teams in New Zealand who can assist you with every step of the application process. Talk to us today!
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Today the government announced a pathway to residence for migrant workers who are living and working in New Zealand. Applications open on 1 December 2021 for the first wave who are eligible to apply. The second wave can apply from 1 March 2022. The deadline to lodge an application is 31 July 2022 or else they will miss out on this one off opportunity.
Today the government announced a pathway to residence for people living and working in New Zealand. Applications open on 1 December 2021 for the first wave eligible to apply. The second wave can apply from 1 March 2022. The deadline to lodge an application is 31 July 2022 or else you miss the boat.
The government has moved the introduction of the new employer accreditation process across to mid-2022. At the same time, the Minister of Immigration announced new work visa rules for migrant workers who are already in New Zealand and working full time.
The government has increased the median wage to $27 per hour from 19 July. Any Skilled Migrant residence application lodged after this date will need to include a skilled job offer that pays at least $27 per hour. For some lower-skilled occupations, the minimum pay rate increases to $40.50 per hour.
From 19 July 2021
From 30 June 2021
Employers of migrant workers must become accredited from 1 November 2021 before work visa applications can be processed. Most employers are not accredited. Those that are accredited will have to roll into the new system when it goes live in late September.
From mid-2020 (delayed)
Skilled occupation "Dairy Cattle Farmer" spilt into three occupations. New occupations are: "Dairy Farm Manager", "Assistant Dairy Farm Manager" and "Dairy Herd Manager". Each sit at different skill levels, therefore, the award of points will depend on pay rates, job tasks and other requirements.
From 15 February 2021
The government has deferred the fortnightly selection of Expressions of Interest from the Skilled Migrant pool for six months (to be reviewed in April 2021). Invitations to Apply for Residence remain suspended. The last selection from the Skilled Migrant pool took place on 18/03/2020.
From 7 October 2020
The government added four new occupations that are now regarded as skilled employment and may qualify for job offer points under the Skilled Migrant Category. These are:
Aged or disabled carer, Bicycle mechanic, Driller and Nursing Support worker.
From 27 July 2020
Anyone invited by Immigration NZ to apply for residence under the Skilled Migrant Category where their invitation is dated between 1 November 2019 and 15 April 2020 (inclusive) has now been granted an additional six months to lodge their residence application.
From 27 May 2020
The government has deferred the fortnightly selection of Expressions of Interest from the Skilled Migrant pool. This means Invitations to Apply for Residence are also suspended. Malcolm Pacific Immigration does not anticipate selections to resume until after the general election held on 17 October 2020.
Immigration NZ is now prioritising Skilled Migrant Residence applications where the main (principal) applicant meets the criteria:
From 24 February 2020
From 7 October 2019
The government recently added more occupations that are now to be regarded as skilled employment and may qualify for job offer points under the Skilled Migrant Category. In order to qualify for points, the job must be paying at least the current median wage (or higher for certain occupations) at the time the residence application is lodged.
From 1 November 2021
From 1 November 2021 anyone who is not a NZ citizen must be fully vaccinated (unless exempt) before travelling to New Zealand. Fully vaccinated means your last dose of vaccine was given at least 14 days before travelling and it was an approved vaccine.
Applications for employer accreditation closed at the end of June 2021. Applications lodged before the closure date are still being processed. New applications for accreditation open on 9 May 2022. The process will be quite different to what employers have experienced in the past. Businesses will need to meet minimum standards.
Wednesday, 1 December is fast approaching and it is estimated that around 16,000 individuals and families can apply in the first wave for the 2021 Resident Visa opening next month. It is exciting for the thousands of people who have been waiting patiently to become residents that finally the finish line is in sight.
The first wave of applicants can apply from 1 December 2021. Around 16,000 applications are expected in this first wave. The second wave opens on 1 March 2022. In total, the government expects approximately 110,000 applications that will include about 165,000 people.
The second group of workers who can apply online for the 2021 Resident Visa that opens on 1 March 2022 are those who hold an eligible work visa and either meet "Settled", "Skilled" or "Scarce" as set out above. In total Immigration NZ estimate around 110,000 people will qualify to apply for this visa.
The first group of workers who can apply online for the 2021 Resident Visa that opens on 1 December 2021 are those that on 29/09/2021:
Is this the only requirement to qualify for residence? No. In addition to the eligible work visa criteria workers also need to be regarded as one of the following:
People who were lawfully in NZ (or in Australia when the travel bubble closed between April and July 2021) on 29/09/2021 need to meet the visa eligibility criteria:
The government has introduced a limited pathway to residence for people who are already living and working in New Zealand. Applications open on 1 December 2021 for the first wave of people eligible to apply. The second wave opens on 1 March 2022. The deadline to apply for the 2021 Resident Visa is 31 July 2022.
A small number of critical health workers (taking up jobs for six months or longer) or specialist workers (taking up jobs that are for longer than six months) who were granted border exemptions may also have eligibility for the 2021 Resident Visa. They will need to have arrived in NZ and lodge a 2021 Resident Visa application.
*Excludes high-risk countries.
*Excludes high-risk countries.
The work visa categories set to close are:
From September 2022 people holding job offers in a small number of occupations may apply for residence. Some occupations are a direct pathway to residence and others require a period of two years or longer before applying.
There are qualification and/or occupational registration requirements to meet. Establishing if an overseas qualification matches the NZ equivalent qualification before applying is paramount for success.