The new Active Investor Plus visa category created to attract high-value investors, has officially opened today, and replaces the previous investor visa categories.
This was announced today jointly by Economic Development Minister, Stuart Nash and Immigration Minister, Michael Wood.
“This new visa category will help us leverage the skills, experience and networks of migrants who will bring their access to global networks and global markets to help Kiwi companies grow faster and smarter.
“The new visa category will help to attract investors that wish to invest in New Zealand for the long term, bringing their skills and experience to helping to increase our productivity and competitiveness, and supporting our transition to a high wage, productive economy,” Michael Wood said.
Prospective investors must have at least NZD $15 million or the weighted equivalent in available assets or funds, to live, work and study in New Zealand indefinitely.
“Applicants who make acceptable direct investments into New Zealand firms, among other requirements, will be eligible for the new visa with a $5 million minimum investment. Direct investments receive the highest weighting, while those who choose less direct investments will need to invest more capital. The minimum amount required if all funds are placed in indirect investments will be $15 million,” Immigration Minister said.
With their visa application, they can include partner, and dependent children aged 24 and under.
After four years of keeping funds in New Zealand, they can then apply for permanent residence.
Once the application is approved by Immigration New Zealand(INZ), they will have six months to transfer and invest their funds here.
According to INZ, an acceptable investment for this visa means an investment of the funds that:
- Is not for the personal use of the applicant
- Is invested in New Zealand in New Zealand currency, and
- Is invested in either one of more of: i) Listed equities, ii) Philanthropy, iii)Managed funds, or iv)Direct investments.
Property is not an acceptable investment under the conditions of this category visa.