BJ7.10 Transfer of the nominated investment funds

1. When their application is approved in principle, the principal applicant will be required to transfer the nominated investment funds to New Zealand. These funds must:
   1. be the funds initially nominated, or the funds that result from the sale of the same assets as those initially nominated, in the residence application; or
   2. be funds, in the case of the Investor 1 Category as agreed to by a business immigration specialist, secured against the nominated assets in the residence application and as approved in accordance with (b) below; and
   3. be transferred through the banking system directly from the principal applicant’s bank account(s) to New Zealand.
2. Under the Investor 1 Category, a business immigration specialist may consider, on a case by case basis, borrowed funds as acceptable investment funds where the principal applicant is able to demonstrate that:
   1. they own net assets equal or greater in value to the required investment amount; and
   2. the borrowed investment funds will be from a bank or commercial lending institution acceptable to a business immigration specialist and will be secured against the assets identified under (i); and
   3. it is not economically viable or practical to liquidate the nominated assets. eg sell a business.
3. The investment funds that are transferred to New Zealand and subsequently into an acceptable investment must be from the same source of funds as nominated in the residence application.

Note: Nominated funds held in a country other than the country in which they were earned or acquired legally must have been originally transferred through the banking system from that country.

Effective 27/07/2009