Active Investor Plus Visa
Apply for this visa to live, work and invest in New Zealand. You must have at least NZD $5 million to apply under the Growth category or at least NZD $10 million to apply under the Balanced category.
Apply online-
Length of stay
Live, work and study
indefinitely
-
Cost
From
NZD $27470
-
Processing time
Approval in principle 80% within
5 months
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Residency option
Can lead to a residence visa
Yes
To apply you must:
- be a fit and proper person
- invest at least NZD $5 million if you invest under the Growth category or at least NZD $10 million if you invest under the Balanced category in acceptable investments in New Zealand
- transfer your investment funds to New Zealand
- have earned or acquired your investment funds lawfully
- meet the other requirements of this visa.
This visa lets you:
- live, work and study in New Zealand
- include your partner and dependent children, aged 24 and younger, in your application
- apply for permanent residence after 3 years of keeping your funds in New Zealand if you invest under the Growth category, or after 5 years if you invest under the Balanced category
If we approve your application in principle, you will have 6 months to transfer and invest your funds in New Zealand.
After your application has been approved in principle, you can apply for a work visa to come to New Zealand and arrange the transfer and investment of your funds. If your partner wants to come with you, they will need to apply for their own visitor visa. Your dependent children can apply for student visas.
How long you can stay
An Active Investor Plus Visa lets you stay in New Zealand indefinitely.
Who can apply
Check if you are eligible to apply for this visa and what supporting documents and information you need to provide.
Identity
As proof or your identity, you must provide:
- 2 acceptable photos of your head and shoulders
If your photo does not meet all of our requirements we will ask you for a new photo. If you are applying for a visa, we will stop processing your application until we receive an acceptable photo. If you are requesting an NZeTA, your request may be delayed or refused. Use the photo examples on this page to check your photo is correct and meets our requirements. Alert Do not use the New Zealand Department of Internal Affairs website or other online tools to check your photo as those tools are for passport photos only. Your photo is more likely to be accepted if you use a professional photographer or business that takes passport photos. Give the photographer our instructions to make sure you get a photo that meets our requirements.
The photo you submit with a paper application must be 35 mm wide and 45 mm high. Further instructions are on the paper application forms. Note You can only apply for an NZeTA online. The photo you submit with an online application must be: Alert We are unlikely to accept your photo if it is not the right size. If you request an NZeTA using the web app, you can either upload an existing photo or take one using your device's camera. If you use the mobile app, you can only take a photo using your device's camera. Your photo must be: If you take a photo with your device, the camera must have a minimum resolution of 540 x 720 pixels. Large photos will be automatically formatted. If there is an issue with your photo you will receive an error message when you submit your visa or NZeTA photo online. To help you, we have provided a list of online errors and how to fix them. Your photo must: It may be easier to remove them.Visa and NZeTA photos
Meeting our photo requirements
Visa and NZeTA photos are not passport photos
Using a professional photographer
Paper applications for visas
Online applications for visas
Online requests for NZeTAs
Online photo error messages
Taking your visa photo
Be in portrait, not landscape
Be of you, not a photo of a photo or your travel document
Have even lighting with minimal shadowing
Be in colour, showing natural skin tones
Be in focus, not blurry
Not contain red-eye
Be an original photo, not changed by photo-editing software
Not be a selfie
Be taken 1.5 metres from the face
Be taken against a plain, light-coloured — but not white — background with no patterns or objects
Only contain plain clothing patterns
Be of one person
We need to clearly see your face
Face the camera and keep your head straight
Keep your eyes open and mouth closed
Do not smile or frown
Show your face clearly and that long hair is tucked behind your ears
Position yourself in the middle of the photo
Remove sunglasses and hats
If you wear prescription glasses
Make sure your eyes show clearly through the lenses, with no reflected light
If you wear a head covering for religious or medical reasons
Make sure that your face and hairline can be seen in the photo
Health
You must be in good health.
You must have a chest X-ray and a medical examination as proof of your good health.
Note You can check the situations where you need an X-ray or medical examination, and the different types of examinations. Who needs an X-ray or medical examination If you need a medical examination, you normally get a 'general medical examination' unless you need a limited medical examination. A general medical examination is sometimes called a 'full medical examination'. For some visas, you must have a chest X-ray, a medical examination or both before you apply. For an Accredited Employer Work Visa or a Visitor Visa, we will let you know after you submit your application if you need a chest X-ray or medical examination. If you need a chest X-ray or medical examination, you must visit a doctor or radiologist from our list of 'panel physicians' — unless there are no panel physicians in your country. Panel physicians are doctors and radiologists approved to complete chest X-rays and medical examinations for New Zealand visa applications. Check if there is a panel physician in your country. Doctors who can do examinations You must visit a panel physician. You can use any registered doctor. You must visit a panel medical clinic who will refer you to a panel radiology clinic. Note If there are other people on your application, they will each need an appointment. If you are menstruating (having a period), you need to wait until your period finishes before having your medical examination. You cannot have your medical examination during your period because the blood can affect your urine test. For an Accredited Employer Work Visa or Visitor Visa, if we need you to have a chest X-ray or medical examination, we give you an Immigration New Zealand health case reference number (NZHR). Give the NZHR to the clinic when you make your appointment. Finding your eMedical and INZ health case reference numbers You can bring a family member, support person or interpreter to your appointment. Let the clinic know when you make your appointment if you are bringing someone with you. If you are having a physical examination, you can ask the clinic for a chaperone. The clinic must have chaperones available. Have the following ready to bring to your appointment: Identity documents for X-rays and medical examinations Note If you are 17 years or under, you need your parent or legal guardian to come with you. If you are visiting any registered doctor because there are no panel physicians in your country, you need to also bring: Get the medical certificate form you need:
You need to also bring a completed 'Immigration Adviser Details' form to give to the clinic.
At your medical appointment, you must sign a form to allow the doctor to send your medical information to us. If you are 17 or younger, your parent or guardian must sign the form for you. If your doctor is using eMedical, they will give you an eMedical client consent and declaration form to sign. You can read the form before your appointment:
There are 3 parts to the medical examination: The doctor checks your height, weight, mental state, hearing and vision, listens to your heart and lungs, feels your abdomen and checks your reflexes and other parts of your nervous system. A nurse or health care assistant may complete parts of the examination. You will need to: You must pay any costs related to your X-ray and medical examinations. Note Ask the clinic about the costs when you make your appointment. In your visa application, you need to provide evidence of your X-ray or examination results. To show you had an examination you can either: To get a copy of your results you can ask the doctor when you have your examination, or any time afterwards. You can ask for email notifications. If you do, you will receive an email when your physician sends us your results. You cannot reply to this email. If you have any questions about your results, discuss these with your doctor. You can ask the clinic for a copy of your medical examination results. Once we receive your results you can also contact us if you want a copy of them. If you have an immigration adviser, and would like them to be able to see and ask questions about your medical information, you need to:
The panel physicians who use eMedical must agree to protect your personal information to meet New Zealand privacy laws. Your information is sent to us using a secure online channel and is available only to us and the clinic where you were examined. If you have any privacy concerns, you can contact us.How to get an X-ray or medical examination
Process overview
Your chest X-ray and medical examination results must be no more than 3 months old when we get your application.1. Check if you need a chest X-ray or medical examination
2. Make an appointment
If there is a panel physician in your country
If there is no panel physician in your country
If you are in New Zealand and only need a chest X-ray
Bringing someone with you to the appointment
3. Get what you need for your appointment
If you are visiting a doctor that is not a panel physician
If you are using a licensed immigration adviser
4. Go to your appointment
Authority to collect medical information
What happens at the medical examination
Paying for your medical examination
5. Provide evidence of your results in your application
6. How to get your results
If you need a copy of your results
Sharing your medical information with an immigration adviser
Your privacy
Character
You must be of good character.
If you, or anyone else included in your application, are aged 17 or older you must provide a police certificate from:
- all the countries you are a citizen of, and
- any other country you have stayed in for 12 months or more over the last 10 years, even if it was not all in the same stay.
How to get a police certificate
Anyone applying for a New Zealand visa must meet the character requirements. When you apply, you must tell us about any issues or activities, both current and in your past, that could affect our decision, including whether you have been: If there is an issue, we may: You can request a character waiver or special direction when you apply. If your request is approved, we can give you a visa if your application meets all other requirements. Visas are given by special direction only in rare circumstances. You may need to provide us with police certificates to show your good character. Whether you need to give these certificates depends on how long you plan to stay in New Zealand and the visa you are applying for.Character requirements for New Zealand visas
Being of good character
Providing police certificates
Note
Police certificates must be less than 6 months old at the time you apply.
If you provide a police certificate that is not in English, you must also provide an
Fit and proper person
You must be a fit and proper person.
You must confirm in the application form that you meet fit and proper person requirements.
To be a fit and proper person, all businesses you
- have never been investigated by the Serious Fraud Office or the New Zealand police for any offence resulting from business dealings
- have no convictions for an offence involving dishonesty
- have never been involved in business fraud or financial impropriety.
Note
We will contact you if you need to provide further information.
Relationship with family
If you include your partner in your application you must have a genuine relationship with them, if you include your children they must meet our definition of dependent children.
Partner
You must provide evidence that shows your relationship with your partner is genuine and stable, and that you have been living together for at least 12 months.
We define partnership as 2 people, who live together in a
You must be able to show us that you and your partner are living together in a
Living together means sharing the same home as your partner. This does not include: Evidence showing you are living together can include: For some partnership applications – such as a Partner of a New Zealander Resident Visa – evidence of living together must cover a period of 12 months prior to the application being submitted. Make sure you check the category you are applying under to see if we need this from you. You can provide us with items showing your shared address, dated every few months, to cover the full duration. These items can be addressed to you both jointly — or individually — as long as we can see that you have both been at the same address for the same period of time. Evidence of having a genuine and stable relationship needs to show that: Evidence can include: The way we want to receive this evidence depends on how you are applying. If you apply by paper for a residence visa, we must receive originals or certified copies. You can send electronically issued documents as we regard those as originals. If you apply online, we accept scanned images — so you do not need to send us originals or certified copies. You and your supporting partner must: When you apply for a visa based on your partnership with a New Zealand visa holder or New Zealand citizen, we call that person your supporting partner. Character requirements for New Zealand visas See also the requirements for supporting partners in the 'Eligible NZ supporting partner' and 'Your partner's' sections for these visas: When we assess your visa application, we consider things like: We will also look at your living and financial arrangements, including: If you and your partner have spent time living apart, you should provide information about your separation, including: We will use the information you provide to assess whether you and your partner have genuine and compelling reasons to have stayed apart. Note If you and your partner are coming together through a culturally arranged marriage, the rules are different.Partnership and how to prove it
How we define partnership
Providing evidence of your partnership
Living together
Having a genuine and stable relationship
How to supply this evidence
Applying by paper
Applying online
Minimum requirements
Supporting partners
How we assess partnership
If you have not always lived together
Dependent children
You must provide evidence that shows any children you include in your application meet our definition of dependent children.
There are 2 ways that dependent children can apply for a visa. Note The definition of dependent children depends on age and whether they are applying for a resident visa or a temporary visa. Your child is dependent if they are: If they are 18 or over they must not have children of their own. If they are aged 21 to 24 they must also rely on you or another adult for financial support (depending on which visa they have applied for). Your child is dependent if they: If they are 18 or 19 they must not have children of their own. If your children are 20 or older: If they want to join you in New Zealand they need to apply for their own visa. If your children are aged 20 to 24 they may still be dependent if: Your children must have applied for, or have been included in your application for one of the following residence visas:Bringing children
How your children apply for a visa
Dependent children are not eligible for work visas.How we define dependent children
Resident visas for dependent children
Temporary visas for dependent children
Primary or secondary student visas and visitor visas
Child of a New Zealander or Worker visitor visas
Eligible residence visas
Evidence can include:
- birth certificates
- custody documents (if applicable), and
- if your children are aged between 21 and 24, evidence that they are still relying on you for financial support.
Supporting visas for additional dependent children
You can also support a resident visa for any additional dependent children not included in your original application after your application is approved in principal (for example newborn children).
Note
If your partner or dependent children have, or applied for, a New Zealand temporary entry visa based on their relationship with you, you must include them in your residence application.
If you include your partner and/or children in your application they must fill out a Resident Visa Declaration Form (INZ 1242).
Investment funds
You must invest at least NZD $5 million for the Growth category or NZD $10 million for the Balanced category in acceptable investments in New Zealand.
You must invest your nominated investment funds in acceptable investments in New Zealand for at least 36 months for the Growth category and for at least 60 months for the Balanced category.
Growth category
Acceptable investments for Growth category can include:
- direct investments, or
- managed funds.
Any direct investments or managed fund investments (made under the Growth category) must be approved by New Zealand Trade & Enterprise (NZTE).
Balanced category
Acceptable investments for Balanced category can include:
- direct investments
- managed funds
- listed equities
- philanthropy
- bonds, or
- property developments (new residential, commercial or industrial developments or existing commercial and industrial developments).
Check our "Acceptable investments: Active Investor Plus Visa" page for further information on what an acceptable investment is, and what evidence you must provide.
An acceptable investment for the Active Investor Plus Visa means an investment of the funds that: We determine if the investment is acceptable at the time the investment is made. The investment must continue to meet the requirements of an acceptable investment throughout the investment period (36 months for the Growth category and 60 months for the Balanced category). We determine the value of the investment in NZD at the time it is made, inclusive of investment fees (such as management fees), brokerage fees and transaction fees charged. If you are not sure if your investment meets the requirements to be an acceptable investment, you can contact a licenced immigration advisor or lawyer. You must invest at least NZD $5 million for the Growth category in acceptable investments in New Zealand. Acceptable investments for Growth category can include: You must invest at least NZD $10 million for the Balanced category in acceptable investments in New Zealand. Acceptable investments for Balanced category can include: A direct investment is an investment in which the decision to invest is made by you, into a privately-held business. Direct investments must be approved by New Zealand Trade & Enterprise (NZTE). Acceptable investments — NZTE website A direct investment must be invested in: Investments for wholesale investors — Financial Markets Authority NZTE must also confirm that: Once the funds have been invested you must: A managed fund invests in various assets on your behalf. These assets are picked by the fund's manager and their team. Managed funds — Financial Markets Authority Managed fund investments for the Growth category must be invested in: Acceptable investments — NZTE website Managed fund investments for the Balanced category must be invested in: Check the other sections on this page for more information on what an acceptable listed equity, property development or bond investment is. If you invest in property developments through a managed fund, we will only consider the percentage of the investment that is invested in New Zealand property developments as acceptable. For example, if 50% of a managed fund is invested in New Zealand property developments, only 50% of your investment will be acceptable. You must have a legal agreement with the fund manager or their nominee (such as an investment company) that shows you have agreed to: Any funds covered by this legal agreement that you have committed to invest are considered invested (for the purpose of your investor visa application) once the agreement has been signed by both parties. If you have committed to invest funds in a managed fund under the Growth or Balanced category, you can invest the funds in on-call investments while they are waiting to be used by the fund manager. Any funds used for on-call investments must be: On-call investments must also: You can also temporarily place committed funds in a New Zealand bank account or a term deposit for up to 6 months while they are waiting to be used by the fund manager. You cannot withdraw committed funds in on-call investments unless: If the NZD value of your on-call investment falls below the amount you have committed to, you can nominate additional funds to make up the difference. Any additional funds you nominate must meet our ownership requirements and must have been acquired legally. Listed equities are equities listed on a public stock exchange (such as the New Zealand Stock Exchange). They can include shares in an individual company or exchange traded funds (ETFs). Listed equity investments must be invested in: Managed funds — Financial Markets Authority The investment must be for a New Zealand resident entity (such as a company) that is: Tax residency status for companies — Inland Revenue Market operators — Financial Markets Authority Crowdfunding service providers — Financial Markets Authority Philanthropy is a donation to a New Zealand registered charity. Philanthropy investments must be donated to organisations that: Bonds are when you lend money to a bond issuer (such as a government, council or company), for a set period of time at a fixed interest rate. Bonds — Financial Markets Authority Bond investments must be: Government Securities — The Treasury Investors — New Zealand Local Government Funding Agency Tax residency status for companies — Inland Revenue Bonds — Financial Markets Authority (page 19 has an explanation on bond credit ratings) If you invest in finance company bonds the company must: Property developments are projects that aim to build more residential, commercial or industrial property in New Zealand. Property development investments must be invested in: Residential property developments must be for people to live in, and must: The development also must have had any required resource consents approved by the relevant regulatory or local authorities. If the development does not have these, you must provide evidence that any required resource consents have been submitted to and accepted for processing by the local authority. Residential property developments cannot: The purpose of new commercial and industrial property development investments must be to develop property for a productive business purpose and generate a commercial return on the open market. The purpose of existing commercial and industrial property development investments must be to improve the property. The improvement plans must be provided to and approved by us. The development also must have had any required resource consents approved by the relevant regulatory or local authorities. If the development does not have these you must provide evidence that any required resource consents have been submitted to and accepted for processing by the local authority. Commercial and industrial property developments cannot: Industrial properties can include (but are not limited to) warehouses, manufacturing, distribution, and logistical facilities. If the property development you invest in is located on sensitive land you must have evidence: Evidence can include: Identifying sensitive land — Land Information New Zealand If your property development investment is on sensitive land and meets these requirements at the time of investment, we will continue to consider it an acceptable investment throughout the 60-month investment period. If you are investing into property development through a managed fund the managed fund must: The underlying investments of the fund must meet the requirements of an acceptable property investment, for example funding a new development on either new or existing sites which increases housing stock or funding a commercial property development that is making improvements to the property. You must provide a legally binding, non-revocable agreement between the yourself and the fund manager or a nominee (such as an investment company) made under New Zealand law. The value you can claim for your investment funds, depends if they are owned by you, or jointly by you and another person. If you own an investment jointly with: Once you have invested your funds into acceptable investments you must send evidence of this to us. You must send your evidence within 6 months of receiving your approval in principle letter. Email your evidence to: InvestorFundsQueries@mbie.govt.nz Note We may request more information from you that is not listed here, as part of our assessment. You should provide: You should provide: You should provide: You should provide: You should provide: You should provide: More information on each investment type can be found on the New Zealand Trade & Enterprise (NZTE) website.Acceptable investments for an Active Investor Plus Visa
What makes an investment acceptable
Growth category
Balanced category
Agreement with a fund manager
On-call investments
Finance company bonds
Residential property developments
Commercial and industrial property developments
Property developments on sensitive land
Property investments made through a managed fund
If your investment funds are shared with other people
Providing evidence that your funds have been invested into acceptable investments
Further information
After your application is approved in principle you will have 6 months to transfer and invest your nominated funds into acceptable investments, or on-call investments (if you are investing in managed funds). Transferring investment funds: Active Investor Plus Visa Acceptable investments for an Active Investor Plus Visa The total value of your acceptable investments must be at least NZD $5 million for the Growth category, and at least NZD $10 million for the Balanced category. You must keep the total value of your nominated funds in acceptable investments for the full 36-month or 60-month investment period. This will be in your visa conditions. Your investment period is 36 months if you are applying for the Growth category and 60 months if you are applying for the Balanced category. Your investment period will begin from when you invest your nominated funds into acceptable investments. If your acceptable investment was made before your visa application was approved in principle, the investment period will start from when your application is approved. You can change from the Growth category to the Balanced category or vice versa. You can only change investment categories once. If you want to change investment categories, you must do this: Contact us if you want to change investment categories. You can change your acceptable investments during the investment period. You can sell an investment during the investment period either because you choose to or due to reasons outside your control. If you do this, you must reinvest the funds into another acceptable investment. You must re-invest the initial amount you invested, minus any losses. You do not need to re-invest profits made from the investment. You must make any changes in investments within: Timeframes start from the first working day after the funds are returned to you. You can reinvest any funds returned from a direct investment or managed fund into an acceptable Balanced category investment if: You must contact us and get approval to invest into an acceptable Balanced category investment, if you are changing investments due to having less than NZD $1 million returned to you. We may ask you for evidence that shows you are unable to invest in another direct investment or managed fund. If we approve your request you will have 30 days from the approval date to transfer and invest the funds. If you apply for the Growth category you must keep at least NZD $5 million in acceptable investments in New Zealand for 36 months. You must provide evidence that your nominated funds have remained invested in New Zealand at 24 months and at 36 months. If you apply for the Balanced category you must keep at least NZD $10 million in acceptable investments in New Zealand for 60 months. You must provide evidence that your nominated funds have remained invested in New Zealand at 24 months and at 60 months. You must provide this evidence within 3 months (from the 24, 36 or 60 month date). For example if you make your investments in New Zealand under the Growth category on 18 March 2026, you must provide evidence that your funds have remained invested in New Zealand on 18 March 2028. You will have until 18 June 2028 at the latest to provide this evidence to us. Acceptable investments for an Active Investor Plus Visa Email your evidence to: InvestorFundsQueries@mbie.govt.nz You should provide the company register extract. You should provide a letter from the Fund Manager confirming committed your capital is still invested in the fund. You should provide trade reports, transaction reports, holding reports and cash account transaction reports from your investment portfolio. You should provide a letter from the charity organisation confirming the funds have been donated. You should provide trade reports, transaction reports, holding reports and cash account transaction reports from your investment portfolio. You should provide:Managing your investments: Active Investor Plus Visa
Investing your nominated funds
When your investment period begins
Changing investment categories
Changing your acceptable investment during the investment period
Re-investing returned funds from direct investments or managed funds
Providing evidence that your funds have remained invested in New Zealand
Direct investments
Managed Funds
Listed equities
Philanthropy
Bonds
Property
If you already have funds invested in an acceptable investment in New Zealand, we can start your investment period from the time we approve your residence application.
Transfer investment funds
You must transfer your investment funds to New Zealand.
You can transfer your funds:
- directly from your bank account to New Zealand through the banking system
- from a joint bank account that you share with your partner or dependent children who are included in your application, or
- through a third party such as a solicitor acting on your behalf, a pension scheme in your name or an investment portfolio account in your name.
The funds that you transfer must be the original funds that you nominated in your application, or proceeds from the sale of assets that you nominated in your application.
If we approve your application in principle, you will have 6 months from that date to transfer your nominated funds.
If we approve your application in principle for the Active Investor Plus Visa, you have 6 months from that date to transfer and invest your nominated funds in New Zealand. The funds you transfer must be: If the funds or assets you named in your application are worth more than the minimum you must invest in New Zealand, you do not need to sell all the funds and assets you nominated. You can use funds already invested in New Zealand to support your visa application. You must nominate them when you apply for your visa. You must provide evidence of where the funds came from and how they were transferred and invested in New Zealand. Funds must be transferred through the banking system, a foreign exchange company or a money transfer business. The funds can come from your personal bank account, or from one of the following third parties: You must provide evidence that your nominated funds have been invested in acceptable investments and holding investments. This evidence must include the following information: You can nominate additional funds if: You may be able to transfer and invest funds from the sale of nominated assets you have borrowed if: If you think it will take longer than 6 months to transfer your funds, you need to apply for an extension. You must provide evidence that you have tried to transfer the approved nominated funds to New Zealand. This can include: You can use a foreign exchange company to transfer your funds to New Zealand if the: You must provide evidence of all the steps you took to transfer your funds. We cannot accept your application if we cannot identify your funds’ physical transfer any at point.
Transferring investment funds: Active Investor Plus Visa
What you need to do to transfer investment funds
Funds already invested in New Zealand
Transfer methods
Nominating additional funds
If you borrow funds
Taking more time to transfer funds
Foreign exchange companies
Note
You can apply for a Specific Purpose Work Visa to come to New Zealand and arrange the transfer and investment of your funds.
We may give you a further 6 months to transfer and invest your funds. You will need to contact us before the transfer period expires and show you have made reasonable steps to transfer and invest.
Source of investment funds
You must have earned or acquired your investment funds lawfully.
The evidence you provide will depend on how you came by your funds. It may include:
- tax returns or certificates
- pay slips
- business financial statements
- business shareholdings
- dividends
- receipts for property sales
- bank certificates
- share trading profits
- evidence of gifted money
- probate and other evidence of inherited money.
When you apply for an investor visa you must nominate investment funds or assets. The funds or assets that you nominate must: You must provide evidence to show that your nominated funds or assets meet these requirements. You can provide: You can provide: You can provide: You can provide: You can provide: Note You cannot include gifted funds that are already in New Zealand, or were in New Zealand at any time as part of your nominated investment funds. For example, if a relative who lives in New Zealand has gifted you money from an New Zealand bank account or distributed funds held in trust to you that have recently been invested in New Zealand. Tip Valuations of assets must be 3 months old or less at the time your application is made and must be produced by an external and reputable agency. You can provide: You can provide: You can provide: Note In some cases we may request other information from you as part of our assessment that is not listed on this page.Providing evidence of funds and assets for investor visas
Nominating funds or assets for an investor visa
Evidence of funds held in a bank account
Income from employment
Income from rental properties
Proceeds from company activities (dividends)
Inherited funds
Gifted funds
Evidence of assets
Property
Investment portfolio
Company shares
Note
You may be able to include funds that were gifted to you, as long as the gift was unconditional and lawful, and the funds were originally earned or acquired lawfully. You cannot include gifted funds that are already in New Zealand, or were in New Zealand at any time as part of your nominated investment funds.
Cover letter
Include a cover letter with your application that summarises the evidence you have provided.
To make sure that your application is processed as quickly as possible, include a cover letter with your application. Your cover letter should summarise what evidence you have provided and how this evidence relates to each visa requirement.
Your cover letter should include:
- a clear table showing the source of your investment funds or assets
- an index that refers to what document will satisfy what requirement
- a summary of how the investment funds and assets were accumulated, and
- a clear explanation of how the funds were transferred, if your funds are already in New Zealand.
If any of your documents are translated, make sure that the translated file has a similar file name to the original version. You can also list them next to each other in your cover letter.
How to pay and submit
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When you arrive
Entry permission
You must apply for permission to enter New Zealand. You do this by completing a New Zealand Traveller Declaration (NZTD) form.
You can start your digital declaration any time, but the earliest you can submit it is 24 hours before starting your travel to New Zealand.
A paper declaration form is available for travellers who cannot complete it online.
New Zealand Traveller Declaration
New Zealand Customs and Biosecurity also check that you meet their entry requirements.
Alert
You can be refused entry permission if you:
- do not meet our character requirements
- have had a change in circumstances since we issued your visa
- refuse to let us take your photo, fingerprints or an iris scan.
When you travel to New Zealand on a temporary visa, your intentions must be genuine. This means that you: We use all the information we have, including the information you give us in your application, to confirm that you have genuine intentions. Alert You must answer truthfully when you complete your visa application or NZTD. If you are travelling on a visitor visa or visiting from a
If you have a visitor visa for a specific reason, you must be coming to New Zealand for that reason. For example, if you have a Medical Treatment Visitor Visa, your reason for visiting must be getting medical treatment. If you are travelling on a student visa, you must have genuine intentions to study in New Zealand. You can only work if the conditions of your student visa allow you to. If you are travelling to New Zealand to work, you must have a visa that will allow you to. Unless your visa allows you to work in any job, you must plan to work in the job, for the employer, and in the location specified in your visa. You may be asked to provide evidence of your genuine intentions: Here are some examples of evidence to show that you have genuine intentions in coming to New Zealand. To show your travel history, you could show a copy of your current and recent passports, including: If you live in a country that is not your country of citizenship, provide a copy of the visa allowing you to live in that country. If you have ever had a visa application declined by any other country, provide: If you plan to visit family or friends in New Zealand, provide their: Evidence of your travel plans while in New Zealand could include copies of: You may also need to show that you have plans to leave New Zealand at the end of your stay. This evidence could include: If you are applying for a student visa, you could provide evidence that you have: If you do not need to pay tuition fees, or if you can pay by instalment — where you make smaller payments over a period of time — you must provide confirmation from your education provider. You can also write a cover letter or statement of purpose explaining why you want to study in New Zealand. This will help us decide if you are a genuine student. If you are using an education agent or licensed immigration adviser, they cannot write the letter for you. Examples of things you could write about in your letter or statement include: If you plan to apply for another visa — for example, a work visa — after you finish your studies, include this in your cover letter or statement of purpose.
To show that you have genuine intentions to work, you will in most cases need to provide: If your visa requires you to have enough money to live on during your stay, you will need to provide evidence. This could include: Depending on your situation, you may need to provide: We consider each application based on the information and evidence we receive. If you do not provide enough evidence, it may take us longer to process your application, or we may decline your application. You must provide genuine evidence. If you or your agent provide evidence that is false or misleading, we may also decline your application. False, misleading or withheld information in visa applications Check the translation requirements for the visa you are applying for. All non-English documents must be translated when you apply for visitor and resident visas. Providing English translations of supporting documents If you are applying online, make sure your evidence is in an acceptable file format. To decide if your intentions are genuine, we look at: We look at evidence you provide with your application to check that it: When we consider information about your personal circumstances, we look at: We also look at information from your previous applications and travel to New Zealand. This can show us if you have: We might not give you a visa or allow you to enter New Zealand if we:Genuine intentions to visit, study or work in New Zealand
What it means to have 'genuine intentions'
Visitor visas
Student visas
Work visas
Evidence to show you have genuine intentions
Evidence of your travel history
If you live in a different country to your citizenship
Declined visa applications
Evidence you are visiting family or friends
Evidence of your travel plans
Evidence of your study plans
Evidence of your work plans
Evidence you have enough money
Evidence of your home country circumstances
evidence of your relationships with close relatives in your home countryProviding good-quality evidence
How we decide if your intentions are genuine
Evidence you provide with your application
Your personal circumstances
Your previous applications
If we decide your intentions are not genuine
If you have been refused entry to New Zealand and you still want to travel to here, contact the Customer Service Centre for advice. You may need to apply for a visa before you travel here again. Together with your airline or other carrier, we can stop you from travelling to New Zealand if you do not meet our entry requirements — for example, if you cannot provide evidence that you can meet the conditions of your visa. When you arrive we check your identity and other information again before we give you
Alert Having a visa does not guarantee that you will be allowed to enter New Zealand. Your airline or other carrier can be fined if they let you board an aircraft or ship after we have let them know that you cannot travel. We can stop you from travelling to New Zealand if: We can stop you travelling to New Zealand or entering the country if you: We can also refuse to let you travel to or enter New Zealand if you cannot show us evidence to support the conditions of your visa. For example, you cannot show us evidence that you: Genuine intentions to visit, study or work in NZ If your circumstances have changed and you can no longer meet the conditions of your visa we can also refuse to let you enter New Zealand. For example, if your work visa is based on a job offer that has since been withdrawn you will not be allowed to travel to New Zealand on that visa. You cannot come to New Zealand if you do not meet our health and character requirements. For example, you can be refused entry if: You could be refused entry to New Zealand if you:What might stop you from being allowed to enter New Zealand
Why we stop you travelling to or entering New Zealand
Your identity and travel documents
Information you provide to us
Meeting the conditions of your visa
Your character and health
Arriving in New Zealand
While you are in New Zealand
These are the conditions that you must meet once you have your visa. Your visa conditions are recorded in your eVisa.
Invest in New Zealand
If you apply for the Growth category you must keep at least NZD $5 million in acceptable investments in New Zealand for 36 months. You must provide evidence that your nominated funds have remained invested in New Zealand at 24 months and at 36 months.
If you apply for the Balanced category you must keep at least NZD $10 million in acceptable investments in New Zealand for 60 months. You must provide evidence that your nominated funds have remained invested in New Zealand at 24 months and at 60 months.
You must provide this evidence within 3 months (from the 24, 36 or 60 month date).
For example if you make your investments in New Zealand under the Growth category on 18 March 2026, you must provide evidence that your funds have remained invested in New Zealand on 18 March 2028. You will have until 18 June 2028 at the latest to provide this evidence to us.
Check our 'Managing your investments: Active Investor Plus' page for guidance on what evidence to provide, and how to send it to us.
An acceptable investment for the Active Investor Plus Visa means an investment of the funds that: We determine if the investment is acceptable at the time the investment is made. The investment must continue to meet the requirements of an acceptable investment throughout the investment period (36 months for the Growth category and 60 months for the Balanced category). We determine the value of the investment in NZD at the time it is made, inclusive of investment fees (such as management fees), brokerage fees and transaction fees charged. If you are not sure if your investment meets the requirements to be an acceptable investment, you can contact a licenced immigration advisor or lawyer. You must invest at least NZD $5 million for the Growth category in acceptable investments in New Zealand. Acceptable investments for Growth category can include: You must invest at least NZD $10 million for the Balanced category in acceptable investments in New Zealand. Acceptable investments for Balanced category can include: A direct investment is an investment in which the decision to invest is made by you, into a privately-held business. Direct investments must be approved by New Zealand Trade & Enterprise (NZTE). Acceptable investments — NZTE website A direct investment must be invested in: Investments for wholesale investors — Financial Markets Authority NZTE must also confirm that: Once the funds have been invested you must: A managed fund invests in various assets on your behalf. These assets are picked by the fund's manager and their team. Managed funds — Financial Markets Authority Managed fund investments for the Growth category must be invested in: Acceptable investments — NZTE website Managed fund investments for the Balanced category must be invested in: Check the other sections on this page for more information on what an acceptable listed equity, property development or bond investment is. If you invest in property developments through a managed fund, we will only consider the percentage of the investment that is invested in New Zealand property developments as acceptable. For example, if 50% of a managed fund is invested in New Zealand property developments, only 50% of your investment will be acceptable. You must have a legal agreement with the fund manager or their nominee (such as an investment company) that shows you have agreed to: Any funds covered by this legal agreement that you have committed to invest are considered invested (for the purpose of your investor visa application) once the agreement has been signed by both parties. If you have committed to invest funds in a managed fund under the Growth or Balanced category, you can invest the funds in on-call investments while they are waiting to be used by the fund manager. Any funds used for on-call investments must be: On-call investments must also: You can also temporarily place committed funds in a New Zealand bank account or a term deposit for up to 6 months while they are waiting to be used by the fund manager. You cannot withdraw committed funds in on-call investments unless: If the NZD value of your on-call investment falls below the amount you have committed to, you can nominate additional funds to make up the difference. Any additional funds you nominate must meet our ownership requirements and must have been acquired legally. Listed equities are equities listed on a public stock exchange (such as the New Zealand Stock Exchange). They can include shares in an individual company or exchange traded funds (ETFs). Listed equity investments must be invested in: Managed funds — Financial Markets Authority The investment must be for a New Zealand resident entity (such as a company) that is: Tax residency status for companies — Inland Revenue Market operators — Financial Markets Authority Crowdfunding service providers — Financial Markets Authority Philanthropy is a donation to a New Zealand registered charity. Philanthropy investments must be donated to organisations that: Bonds are when you lend money to a bond issuer (such as a government, council or company), for a set period of time at a fixed interest rate. Bonds — Financial Markets Authority Bond investments must be: Government Securities — The Treasury Investors — New Zealand Local Government Funding Agency Tax residency status for companies — Inland Revenue Bonds — Financial Markets Authority (page 19 has an explanation on bond credit ratings) If you invest in finance company bonds the company must: Property developments are projects that aim to build more residential, commercial or industrial property in New Zealand. Property development investments must be invested in: Residential property developments must be for people to live in, and must: The development also must have had any required resource consents approved by the relevant regulatory or local authorities. If the development does not have these, you must provide evidence that any required resource consents have been submitted to and accepted for processing by the local authority. Residential property developments cannot: The purpose of new commercial and industrial property development investments must be to develop property for a productive business purpose and generate a commercial return on the open market. The purpose of existing commercial and industrial property development investments must be to improve the property. The improvement plans must be provided to and approved by us. The development also must have had any required resource consents approved by the relevant regulatory or local authorities. If the development does not have these you must provide evidence that any required resource consents have been submitted to and accepted for processing by the local authority. Commercial and industrial property developments cannot: Industrial properties can include (but are not limited to) warehouses, manufacturing, distribution, and logistical facilities. If the property development you invest in is located on sensitive land you must have evidence: Evidence can include: Identifying sensitive land — Land Information New Zealand If your property development investment is on sensitive land and meets these requirements at the time of investment, we will continue to consider it an acceptable investment throughout the 60-month investment period. If you are investing into property development through a managed fund the managed fund must: The underlying investments of the fund must meet the requirements of an acceptable property investment, for example funding a new development on either new or existing sites which increases housing stock or funding a commercial property development that is making improvements to the property. You must provide a legally binding, non-revocable agreement between the yourself and the fund manager or a nominee (such as an investment company) made under New Zealand law. The value you can claim for your investment funds, depends if they are owned by you, or jointly by you and another person. If you own an investment jointly with: Once you have invested your funds into acceptable investments you must send evidence of this to us. You must send your evidence within 6 months of receiving your approval in principle letter. Email your evidence to: InvestorFundsQueries@mbie.govt.nz Note We may request more information from you that is not listed here, as part of our assessment. You should provide: You should provide: You should provide: You should provide: You should provide: You should provide: More information on each investment type can be found on the New Zealand Trade & Enterprise (NZTE) website.Acceptable investments for an Active Investor Plus Visa
What makes an investment acceptable
Growth category
Balanced category
Agreement with a fund manager
On-call investments
Finance company bonds
Residential property developments
Commercial and industrial property developments
Property developments on sensitive land
Property investments made through a managed fund
If your investment funds are shared with other people
Providing evidence that your funds have been invested into acceptable investments
Further information
If we decide the funds you name in your visa application are already in acceptable investments, your investment period begins on the day we write to you to let you know your application has been
If you transfer your funds into an acceptable investment after we approve your application in principle, the investment period begins on the date you have transferred and invested all of the required investment funds. Acceptable investments for Investor 1 and 2 Resident visas After the 2-year anniversary of your investment date we check your investments to make sure they are still acceptable. You need to submit proof of your investments at this time, which may include: You have 3 months after the 2-year anniversary to submit the relevant documents to us. We will contact you to remind you to send this information. How long you must keep your funds invested in New Zealand depends on the kind of visa you have. Check or change your visa conditions You can move your investment funds from one acceptable investment to another during the investment period. You have 4 weeks to complete these transactions. This means that within 4 weeks of receiving the full sale proceeds, the funds must be fully reinvested into further acceptable investments. The funds cannot be left as cash for more than 4 weeks. To make sure we will accept the new investment, contact us before moving your investment. Email: inz.investors@mbie.govt.nz You must keep a record of the documents if you change your investments. These can include: You must show that the funds are invested or kept in New Zealand for your required investment period. If your investments decrease in value below our required level of investment, you do not need to invest further to top them up. If you want to sell your investments during the investment period, the principle and any capital gains must be reinvested. You can reinvest part of your acceptable investments into other business ventures or expansions.Managing your investments: Investor 1 and 2, and Parent Retirement Resident Visa
Investor 1 and 2 resident visas and parent retirement visas
When your investment period begins
2-year check on investments
Keeping your funds invested
Changing your acceptable investment during the investment period
Loss in investment value
Reinvesting part of your acceptable investment
Spend time in New Zealand
If you apply for the Growth category you must spend at least 21 days in New Zealand as a holder of a resident visa during the 36 month investment period.
If you apply for the Balanced category you must spend at least 105 days in New Zealand as a holder of a resident visa during the 60 month investment period. However for each additional NZD $1 million you invest in acceptable Growth category investments, you can reduce the time required in New Zealand by 14 days. You can do this up to a maximum reduction of 42 days.
Minimum nominated funds | Time you must spend in New Zealand |
---|---|
NZD $10 million | 105 days |
NZD $11 million (the extra NZD $1 million must be invested in acceptable Growth category investments) | 91 days |
NZD $12 million (the extra NZD $2 million must be invested in acceptable Growth category investments) | 77 days |
NZD $13 million (the extra NZD $3 million must be invested in acceptable Growth category investments) |
63 days |
An acceptable investment for the Active Investor Plus Visa means an investment of the funds that: We determine if the investment is acceptable at the time the investment is made. The investment must continue to meet the requirements of an acceptable investment throughout the investment period (36 months for the Growth category and 60 months for the Balanced category). We determine the value of the investment in NZD at the time it is made, inclusive of investment fees (such as management fees), brokerage fees and transaction fees charged. If you are not sure if your investment meets the requirements to be an acceptable investment, you can contact a licenced immigration advisor or lawyer. You must invest at least NZD $5 million for the Growth category in acceptable investments in New Zealand. Acceptable investments for Growth category can include: You must invest at least NZD $10 million for the Balanced category in acceptable investments in New Zealand. Acceptable investments for Balanced category can include: A direct investment is an investment in which the decision to invest is made by you, into a privately-held business. Direct investments must be approved by New Zealand Trade & Enterprise (NZTE). Acceptable investments — NZTE website A direct investment must be invested in: Investments for wholesale investors — Financial Markets Authority NZTE must also confirm that: Once the funds have been invested you must: A managed fund invests in various assets on your behalf. These assets are picked by the fund's manager and their team. Managed funds — Financial Markets Authority Managed fund investments for the Growth category must be invested in: Acceptable investments — NZTE website Managed fund investments for the Balanced category must be invested in: Check the other sections on this page for more information on what an acceptable listed equity, property development or bond investment is. If you invest in property developments through a managed fund, we will only consider the percentage of the investment that is invested in New Zealand property developments as acceptable. For example, if 50% of a managed fund is invested in New Zealand property developments, only 50% of your investment will be acceptable. You must have a legal agreement with the fund manager or their nominee (such as an investment company) that shows you have agreed to: Any funds covered by this legal agreement that you have committed to invest are considered invested (for the purpose of your investor visa application) once the agreement has been signed by both parties. If you have committed to invest funds in a managed fund under the Growth or Balanced category, you can invest the funds in on-call investments while they are waiting to be used by the fund manager. Any funds used for on-call investments must be: On-call investments must also: You can also temporarily place committed funds in a New Zealand bank account or a term deposit for up to 6 months while they are waiting to be used by the fund manager. You cannot withdraw committed funds in on-call investments unless: If the NZD value of your on-call investment falls below the amount you have committed to, you can nominate additional funds to make up the difference. Any additional funds you nominate must meet our ownership requirements and must have been acquired legally. Listed equities are equities listed on a public stock exchange (such as the New Zealand Stock Exchange). They can include shares in an individual company or exchange traded funds (ETFs). Listed equity investments must be invested in: Managed funds — Financial Markets Authority The investment must be for a New Zealand resident entity (such as a company) that is: Tax residency status for companies — Inland Revenue Market operators — Financial Markets Authority Crowdfunding service providers — Financial Markets Authority Philanthropy is a donation to a New Zealand registered charity. Philanthropy investments must be donated to organisations that: Bonds are when you lend money to a bond issuer (such as a government, council or company), for a set period of time at a fixed interest rate. Bonds — Financial Markets Authority Bond investments must be: Government Securities — The Treasury Investors — New Zealand Local Government Funding Agency Tax residency status for companies — Inland Revenue Bonds — Financial Markets Authority (page 19 has an explanation on bond credit ratings) If you invest in finance company bonds the company must: Property developments are projects that aim to build more residential, commercial or industrial property in New Zealand. Property development investments must be invested in: Residential property developments must be for people to live in, and must: The development also must have had any required resource consents approved by the relevant regulatory or local authorities. If the development does not have these, you must provide evidence that any required resource consents have been submitted to and accepted for processing by the local authority. Residential property developments cannot: The purpose of new commercial and industrial property development investments must be to develop property for a productive business purpose and generate a commercial return on the open market. The purpose of existing commercial and industrial property development investments must be to improve the property. The improvement plans must be provided to and approved by us. The development also must have had any required resource consents approved by the relevant regulatory or local authorities. If the development does not have these you must provide evidence that any required resource consents have been submitted to and accepted for processing by the local authority. Commercial and industrial property developments cannot: Industrial properties can include (but are not limited to) warehouses, manufacturing, distribution, and logistical facilities. If the property development you invest in is located on sensitive land you must have evidence: Evidence can include: Identifying sensitive land — Land Information New Zealand If your property development investment is on sensitive land and meets these requirements at the time of investment, we will continue to consider it an acceptable investment throughout the 60-month investment period. If you are investing into property development through a managed fund the managed fund must: The underlying investments of the fund must meet the requirements of an acceptable property investment, for example funding a new development on either new or existing sites which increases housing stock or funding a commercial property development that is making improvements to the property. You must provide a legally binding, non-revocable agreement between the yourself and the fund manager or a nominee (such as an investment company) made under New Zealand law. The value you can claim for your investment funds, depends if they are owned by you, or jointly by you and another person. If you own an investment jointly with: Once you have invested your funds into acceptable investments you must send evidence of this to us. You must send your evidence within 6 months of receiving your approval in principle letter. Email your evidence to: InvestorFundsQueries@mbie.govt.nz Note We may request more information from you that is not listed here, as part of our assessment. You should provide: You should provide: You should provide: You should provide: You should provide: You should provide: More information on each investment type can be found on the New Zealand Trade & Enterprise (NZTE) website.Acceptable investments for an Active Investor Plus Visa
What makes an investment acceptable
Growth category
Balanced category
Agreement with a fund manager
On-call investments
Finance company bonds
Residential property developments
Commercial and industrial property developments
Property developments on sensitive land
Property investments made through a managed fund
If your investment funds are shared with other people
Providing evidence that your funds have been invested into acceptable investments
Further information
To be eligible for the reduction in time required in New Zealand, any additional funds must be nominated before your application is approved in principle. We will also check to make sure the additional funds remain invested in New Zealand throughout the 60 month investment period.
Bring your family to New Zealand
If your family are included in your resident visa, they will need to come to New Zealand within 12 months of their visa being granted.
Note
If your family are unable to come to New Zealand within 12 months, they will have to reapply for residence.
Contact details
You must provide us with your address and other contact details and let us know if these change while you have your resident visa.
Note
We will need to keep in touch with you to check you are meeting the conditions of your visa.
If we are unable to confirm that you are meeting the conditions, you may not be able to stay in New Zealand.
Keep your visa in a valid passport
If you want to travel, your visa must be in a valid passport.
If your passport expires, you must apply to transfer your visa to a new passport before you can travel.
Transferring a visa to a new passport
Note
To transfer your visa, you must:
-
- send us your old and new passports
- complete an ‘Application for Transfer or Confirmation of a Visa’
- pay a transfer fee.
Application for transfer or confirmation of a visa
Travel as a resident
You can travel in and out of New Zealand as a resident, for 4 years from your first day in New Zealand if you are investing under the Growth category.
You can travel in and out of New Zealand as a resident, for 6 years from your first day in New Zealand if you are investing under the Balanced category.
Post investment questionnaire
You must complete a post investment questionnaire twice over the course of your investment period.
This questionnaire will ask:
- for basic information about you (your application number, where you are from, and your age)
- whether you have made further investments (such as investments made in New Zealand outside of the immigration process)
- if you have made further investments, what category these investments fall under (for example bonds or direct investments) and an approximation of how much you have invested
- what sectors you have invested in, depending on the type of further investments you have made
- whether you have provided non-financial support to the business if you have made direct investments (and if not, the reasons why)
- an explanation for why you have not made further investments in New Zealand (if applicable)
- about your confidence as an investor in New Zealand.
You must complete a questionnaire 24 months into the investment period, and at the end of the investment period (36 months for the Growth category and 60 months for the Balanced category). You will have 3 months to complete each questionnaire.
For example, if you make your investments in New Zealand under the Growth category on 18 March 2026, you can complete the questionnaire on 18 March 2028 and will have until 18 June 2028 to complete the questionnaire in full. You can then complete it again on 18 March 2029 and have until 18 June 2029 to complete the questionnaire in full.
Information about how to complete the questionnaire will be provided in your approval in principle letter.
Note
You should complete each questionnaire around the same time that you submit evidence to us that your funds have remained invested in New Zealand. Check the 'Invest in New Zealand' condition on this page for further information.
Travel as a permanent resident
If you have met all the conditions at the end of your investment period, you can apply for a Permanent Resident Visa for you and any family included in your original residence visa application.
You can also include any children that were born after your original residence visa application if you supported a Dependent Child Resident Visa for them. They must have had their resident visa for at least 2 years.
If granted, you will be able to travel in and out of New Zealand indefinitely, as long as you keep your visa in a valid passport.
Becoming a permanent resident of New Zealand
Note
If you have not met all of the conditions of your visa at the end of your investment period, you may have to leave New Zealand.