BJ8.10 Resident visas subject to conditions under section 49(1) of the Immigration Act (to 28/07/2022)

See also Immigration Act 2009 s 49

All resident visas granted under one of the Migrant Investment Categories are subject to the following conditions under section 49(1) of the Immigration Act 2009:

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
2. that the principal applicant spends a minimum period of time in New Zealand during the required investment period (see BJ8.15); and
3. that the principal applicant informs the nearest office of INZ of any changes of New Zealand address during the investment period; and
4. that a principal applicant who was awarded 1 point for English language ability (see BJ5.35) 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
5. within three months of the two-year anniversary of the investment period, the principal applicant submits evidence that they are retaining an acceptable investment in New Zealand; and
6. within 3 months after the expiry date of the investment period, the principal applicant submit evidence to INZ that they have met requirements (a) and (d) if applicable.
7. that the principal applicant must provide evidence that ‘growth investments’ have been retained for the investment period

Effective 22/05/2017