What is the Investor Programme and how does it work?The Migrant Investor programme is a residence policy for people who wish to live permanently in New Zealand. It comprises of Investor 1 (those who have a minimum of NZ$10million to invest) and Investor 2 (those who have a minimum of NZ$1.5 million to invest).
A person who wishes to apply for residence under the investor 2 Category must first submit an Expression of Interest (EOI) to Immigration New Zealand, claiming points for factors such as business experience, age and English language competency. Immigration New Zealand does a fortnightly draw selecting EOIs based on the points claimed, then invites people with sufficient points to apply.
What are the changes to the Investor 1 category?The minimum investment will remain unchanged at $10m. However, an Investment of 25% in growth-oriented investments (equity, commercial property, new residential builds, managed funds) will mean Investor 1 migrants can spend their required time in NZ more flexibly. Specifically, 88 days over three years. Additionally, Investor 1 applicants will be able to invest up to 15% of their nominated investment funds in acceptable philanthropic investments.
What are the changes to the Investor 2 category?Policy changes to the Investor 2 category include:
What are growth investments?Growth investments are all ‘acceptable investments’ as defined in immigration instructions except for:
What are acceptable philanthropic investments?Philanthropic investments can now make up 15% of acceptable investments. Investors are able to donate in any area. The policy will recognise donations to the following types of organisations:
What if I’ve already applied under the Investor 2 category at the time the new policy comes in?When the policy changes, Investor 2 applicants will have the option to withdraw and relodge their application under the new policy. Those who take up the offer will have the fee waived on their subsequent application and will retain the same place in the processing queue. Each applicant will need to carefully consider whether the new or the old policy is best for them.
I put in an expression of interest in which I claimed enough points to be selected under the old threshold, but from 1 May I won’t meet the selection criteria. What can I do?If your EOI has not been selected and remains in the pool at implementation of the new policy, you have the option to submit an expression of interest under the new policy. If you chose to do so, the EOI fee will be waived. If you choose not to, your old EOI will remain in the pool until it expires 6 months from the date your original EOI was lodged, but will not be able to be selected.
Can I still submit an Expression of Interest?All Expressions of Interest received up until the last draw held on the day before implementation of the new policy will be assessed under the current instructions. From May 2017 all new EOIs must be on the new form.
When will the detail of the new policy be available?The detail of the policy (the immigration instructions) is being worked on currently. It is likely to be approved by the Minister of Immigration by the end of March 2017.