BN9.1 Resident visas subject to conditions under section 49(1) of the Immigration Act (19/09/2022)

See also Immigration Act 2009 s 49

All resident visas granted under the Active Investor Plus visa category are subject to the following conditions under section 49(1) of the Immigration Act 2009, that:

1. the principal applicant transfers funds into acceptable investments (see BN7.10) as follows:
   1. a minimum of NZ$7.5m or weighted equivalent must be invested, inclusive of acceptable investments to commence the 48-month investment period (see BN8.25), within the first 18 months of the 48-month investment period; and
   2. a total of NZ$15 million or weighted equivalent must be invested within the first 36 months of the 48-month investment period; and
2. the principal applicant retains the funds in holding investments until transferred into acceptable investments as required under (a) above; and
3. the principal applicant retains acceptable investments in New Zealand when made, until the expiry of the 48-month investment period; and

   Note: Investment transfers that meet the requirements in BN9.5 meet the requirement of (c) above.

4. the principal applicant spends a minimum period of time in New Zealand of 117 days as the holder of a resident visa during the 48-month investment period; and
5. the principal applicant informs the nearest office of INZ of any changes of New Zealand address during the 48-month investment period; and
6. within three months after the first 18 months of the 48-month investment period, the principal applicant submits evidence that they:
   1. have invested a minimum of NZ$7.5 million or weighted equivalent into acceptable investments; and
   2. have retained the funds in holding investments in New Zealand; and
7. within three months after the first 36 months of the 48-month investment period, the principal applicant submits evidence that they:
   1. have invested a total of NZ$15 million or weighted equivalent into acceptable investments; and
   2. have retained a minimum of NZ$7.5 million in acceptable investments as set out in (a)(i) above; and
   3. had retained the funds in holding investments in New Zealand; and
8. within three months after the expiry date of the 48-month investment period, the principal applicant submits evidence to INZ that they have retained the acceptable investments of a total of NZ$15 million or weighted equivalent throughout the final 12 months of the 48-month investment period.

Effective 19/09/2022