BB6.15 After the two-year investment period has expired

BB6.15.1 Compliance with requirements

When the applicant has satisfied a visa or immigration officer that the principal applicant has met the requirements of the two-year investment period in full, the visa or immigration officer will endorse the residence visa/permit to this effect.

BB6.15.5 Evidence of principal applicant's compliance with investment requirements

1. Evidence must include a letter from a reliable independent agent (for example, a solicitor, chartered accountant, bank manager) stating;
   1. the full name of the investor; and
   2. the amount invested; and
   3. the date the investment was lodged; and
   4. the type of investment (in the case of shares, the names of the companies invested in and the number of shares purchased must be listed); and
   5. confirmation that the funds were invested in New Zealand for the full two years or, if transferred, the date of lodgement and withdrawal of the investment.
2. If an investor has transferred funds between several organisations during the two year period, principal applicants should provide letters from every organisation they have invested with. Lodgement and withdrawal dates will be checked to ensure that funds have been held continuously in New Zealand for the required two year period.
3. Evidence that the requirements have been met includes:
   1. submission of the evidence required by paragraphs (a) and (b) within three months after the expiry date for the two year investment period; and
   2. subsequent written confirmation on file (by a business immigration specialist) that the investment requirements have been met.

BB6.15.10 Non-compliance with requirements

If the requirements have not been complied with, the residence permit may be revoked under section 20(1)(d) of the Immigration Act 1987.

Effective 26/07/1999