BJ8.10 Residence visas or permits subject to requirements under section 18A of the Immigration Act

Immigration Act 1987 s 18A (1)

1. All residence permits granted under the Migrant Investment Policy must impose the following requirements on the permit holders, under section 18A of the Immigration Act 1987, and all residence visas or returning residence visas issued under this policy must specify that the following requirements will be imposed under section 18A on the holder of a residence permit granted under this policy:
   1. that the principal applicant retains an acceptable investment in New Zealand for a minimum of three years under the Investor 1 Category or four years under the Investor 2 Category and spends a minimum period of time in New Zealand during the required investment period; and
   2. that the principal applicant informs the nearest branch of INZ of any changes of New Zealand address during the investment period; and
   3. that a principal applicant who was awarded 1 point for English language ability (IELTS 3) under the Investor 2 Category, must complete a minimum 20 hours of English language tuition with a New Zealand registered school or tertiary education provider as defined in the Education Act 1989 within the four year investment period; and
   4. at the two-year anniversary of the investment period, the principal applicant submits evidence that they:
      • are retaining an acceptable investment in New Zealand; and
      • meeting minimum period of time in New Zealand requirements; and
   5. that within 3 months after the expiry date of the investment period, the principal applicant submit evidence to INZ that they have met requirements (i) and (iii) if applicable.

Effective 27/07/2009