New zealand residency by investment
New Zealand offers a residency by investment program, known as the "Investor Category" visa, which allows foreign investors to obtain residency in exchange for investing in the country. Here are the key details:
Eligibility:
- You must be at least 18 years old
- You must have a minimum net worth of NZD $10 million (approximately USD $6.7 million)
- You must have a minimum investment of NZD $10 million in New Zealand (this can be in the form of a business, real estate, or other investments)
- You must have a good character and meet health and character requirements
Investment Options:
- You can invest in a business or enterprise in New Zealand
- You can invest in real estate in New Zealand (such as a commercial property or a residential property)
- You can invest in a New Zealand-based company or trust
- You can also invest in a combination of these options
Residency Requirements:
- You must live in New Zealand for at least 146 days in each of the first two years after being granted residency
- You must also spend at least 35 days in New Zealand in each subsequent year
Benefits:
- You will be granted residency in New Zealand
- You will have the right to live and work in New Zealand
- You will have access to New Zealand's healthcare system
- You will have the right to purchase property in New Zealand
- You will have the right to sponsor family members for residency
Timeline:
- The application process typically takes around 6-12 months
- Once your application is approved, you will be granted residency and can move to New Zealand
Fees:
- The application fee for the Investor Category visa is NZD $5,000 (approximately USD $3,300)
- There may be additional fees for things like medical examinations and police certificates
Other Requirements:
- You must demonstrate that your investment is genuine and will benefit New Zealand
- You must demonstrate that you have a good understanding of New Zealand's language and culture
- You must also meet health and character requirements
It's worth noting that the Investor Category visa is a points-based system, and you will need to score at least 120 points to be eligible. The points are awarded based on factors such as your age, education, work experience, language skills, and investment.
It's also important to note that the New Zealand government has the right to revoke your residency if you fail to meet the residency requirements or if your investment is deemed to be not genuine.
It's recommended that you consult with a licensed immigration adviser or a lawyer who is experienced in New Zealand immigration law to ensure that you meet the eligibility criteria and to help you with the application process.