BJ7.20 Timeframe for investing funds in New Zealand (29/11/2010)

1. Principal applicants must meet the requirements for transferring and investing the nominated funds within 12 months (extendable for up to a further 12 months on request) of the date of the letter advising of approval in principle.
2. Applications for a resident visa must be declined if principal applicants do not present acceptable evidence of having transferred and invested the nominated funds within 12 months (up to a maximum of 24 months if an extension is granted) from the date of approval in principle.
3. If a principal applicant wishes to request an extension to the timeframe for transferring and investing the nominated investment funds to New Zealand they must contact the Business Migration Branch of Immigration New Zealand within 12 months of the date of the letter advising of approval in principle.

Effective 29/11/2010