BI10.10 Residence visas/permits subject to requirements under... (04/07/2005)

BI10.10 Residence visas/permits subject to requirements under section 18A of the Immigration Act.

Immigration Act 1987 s 18A (1)

1. Under the Investor Category, a residence visa/permit and returning resident’s visa is issued or granted to a principal applicant and accompanying partner and dependent children subject to the following requirements imposed under section 18A of the Immigration Act 1987:
   1. that the principal applicant must retain investment funds of the same value than the amount of funds and assets nominated at the time of approval in principle in an acceptable investment (see BI7) in New Zealand for a five-year period.
   2. that the principal applicant, and any partner and dependent children included in the residence application, must make New Zealand their main home during the five-year investment period (see BI8.10, BI12.10); and
   3. that the principal applicant participates, if requested, in an evaluation of the policy under which they were approved for a period of up to five years after approval.
2. The residence visa/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.

Effective 04/07/2005