BK2.6 Residence visas/permits subject to requirements (26/11/2007)

Immigration Act 1987 s 18A(1)

1. Under the Active Investor Migrant Policy (AIMP), a residence visa, residence permit and returning resident's visa are issued and/or granted to a principal applicant and accompanying partner and dependent children with requirements imposed under section 18A of the Immigration Act 1987.
2. The AIMP requirements are that:
   1. the principal applicant retains an acceptable investment in New Zealand for a minimum of four years and spends a minimum period of time in New Zealand during the four year investment period; and
   2. the principal applicant informs the nearest branch of INZ of any changes of New Zealand address during the four-year investment period; and
   3. at the two-year anniversary of the investment period, the principal applicant submit evidence that they:
   • are retaining an acceptable investment in New Zealand; and
   • meeting minimum period of time in New Zealand requirements; and
   • within 3 months after the expiry date of the four-year investment period, the principal applicant submit evidence to INZ that they are meeting requirement (b)(i).
3. If a principal applicant is issued with a residence visa or granted a residence permit subject to requirements, the residence visa and/or permit of any accompanying partner and dependent children will be subject to the requirement that the principal applicant comply with the requirements of their visa or permit.

BK2.6.1 Imposing requirements

1. Principal applicants are advised of the requirements imposed in a letter that states:
   1. the requirements; and
   2. that failure to comply with the requirements may result in the revocation of the permit under section 20(1)(d) of the Immigration Act 1987; and
   3. that the requirements will continue to apply while any returning resident's visa issued is still current; and
   4. that the requirements will apply to any residence permit granted on the applicant's return to New Zealand, within the four-year investment period.
2. The letter will also specify the date on which the four-year investment period begins (see BK8.25).

Effective 26/11/2007