1. What is the New Zealand Investor Visa (Form INZ 1091) and who is eligible to apply for it?
The New Zealand Investor Visa (Form INZ 1091) is a visa that allows individuals to live, work, and study in New Zealand while making an active investment in the country’s economy. This visa is designed to attract experienced businesspeople and investors who can contribute to the country’s economic growth. To be eligible to apply for the New Zealand Investor Visa, individuals must meet specific criteria, including:
1. Having a minimum of NZD $3 million available for investment in New Zealand for a minimum of four years.
2. Demonstrating a successful business career and a high level of business experience.
3. Meeting health and character requirements.
4. Intending to live in New Zealand.
Overall, the New Zealand Investor Visa is an opportunity for individuals with a solid investment background to establish themselves in New Zealand and contribute to the country’s development.
2. What are the minimum investment requirements for the New Zealand Investor Visa?
The minimum investment requirements for the New Zealand Investor Visa are as follows:
1. Investor 1 Category:
– Minimum investment of NZD $10 million in New Zealand for three years.
2. Investor 2 Category:
– Minimum investment of NZD $3 million in New Zealand for four years.
In addition to the minimum investment amount, applicants must also meet certain health, character, and English language requirements to be eligible for the Investor Visa in New Zealand. It is important to note that the investment must be made in an acceptable investment category as defined by Immigration New Zealand to qualify for the visa. It is recommended to seek advice from a professional immigration consultant or lawyer when preparing and submitting an application for the Investor Visa to ensure compliance with all requirements.
3. How can I demonstrate my business experience and investment background in the application?
In the Application for New Zealand Investor Visa (Form INZ 1091), you can demonstrate your business experience and investment background by providing detailed information about your past business ventures, investments, and any relevant qualifications or certifications you may have.
1. List your previous business ventures, including the type of business, industry, and your role within the company.
2. Provide information about any successful investments you have made in the past, including the amount invested, returns gained, and the duration of the investments.
3. Highlight any relevant qualifications or certifications you hold that demonstrate your expertise in the business and investment field.
By providing a comprehensive overview of your business experience and investment background in the application, you can showcase to the New Zealand authorities that you have the necessary skills and experience to qualify for the Investor Visa.
4. Are there any specific industries or sectors that are preferred for investment under this visa category?
Yes, the New Zealand Investor Visa (Form INZ 1091) is designed to attract investors who can contribute to the growth of the country’s economy. While there are no specific industries or sectors mentioned as preferred for investment under this visa category, there are certain criteria that investors must meet. These include investing a minimum required amount in New Zealand for a specified period, demonstrating satisfactory health and character requirements, and showing an intention and ability to settle in New Zealand. Investors are encouraged to invest in sectors that align with New Zealand’s economic development goals and have the potential for job creation and innovation. Some industries that are often favored for investment in New Zealand include technology, agribusiness, tourism, renewable energy, and infrastructure development.
5. How long does the processing time typically take for the New Zealand Investor Visa application?
The processing time for a New Zealand Investor Visa application typically takes around 3 to 6 months. This time frame can vary depending on various factors such as the completeness of the application, the volume of applications being processed at the time, and whether any additional information or documents are requested by Immigration New Zealand. It is important to note that processing times may also be influenced by the complexity of the case and individual circumstances. Applicants are advised to submit a complete and well-documented application to help expedite the processing time.
6. Are there any English language proficiency requirements for this visa category?
Yes, there are English language proficiency requirements for the New Zealand Investor Visa (Form INZ 1091). Applicants must demonstrate English language proficiency by providing evidence of meeting one of the specified criteria. These criteria include:
1. Holding a passport from an English-speaking country.
2. Achieving a certain score in an approved English language test, such as IELTS or TOEFL.
3. Completing a qualification that was taught in English or being employed in a role that requires English language skills.
Meeting these requirements is crucial for successfully applying for the New Zealand Investor Visa, as it ensures that applicants can effectively communicate and engage in business activities while in New Zealand.
7. What are the health and character requirements for the New Zealand Investor Visa application?
For the New Zealand Investor Visa application, there are specific health and character requirements that applicants must meet.
1. Health Requirements:
Applicants are required to be of a good standard of health to be granted a New Zealand visa. This includes undergoing a medical examination and possibly providing medical and chest x-rays to show that they do not have certain medical conditions that could pose a risk to public health or result in significant healthcare or community service costs. It’s important to note that individuals who do not meet the health requirements may not be granted a visa.
2. Character Requirements:
Applicants must also meet certain character requirements to be eligible for the New Zealand Investor Visa. This involves providing police certificates from countries where they have lived for 12 months or more in the last 10 years. These certificates should show that the applicants do not have a criminal record or pose a threat to New Zealand’s security or public order. Individuals with certain convictions or who have provided false or misleading information may not meet the character requirements for the visa.
Overall, meeting the health and character requirements is crucial for a successful New Zealand Investor Visa application. It is important for applicants to ensure that they provide all necessary documentation and meet the standards set by Immigration New Zealand to increase their chances of obtaining the visa.
8. What are the benefits of holding a New Zealand Investor Visa?
1. One of the primary benefits of holding a New Zealand Investor Visa is the opportunity to live and work in New Zealand with your family. This visa allows investors and their families to enjoy the high quality of life, stunning natural landscapes, and vibrant culture that New Zealand has to offer.
2. Another advantage of the New Zealand Investor Visa is the potential pathway to permanent residency. By fulfilling the requirements of the visa and making the necessary investments in New Zealand, investors may be able to apply for permanent residency after a certain period of time. This can lead to eventual citizenship, providing a long-term option for settlement in the country.
3. With a New Zealand Investor Visa, individuals can access world-class education and healthcare systems in New Zealand. Children of visa holders can attend top-ranked schools and universities, while families can benefit from the country’s excellent healthcare services.
4. Holding a New Zealand Investor Visa also opens up opportunities for business investment and expansion in New Zealand. Investors can explore various investment options in sectors such as technology, agriculture, tourism, and more, contributing to the country’s economy while potentially generating returns on their investments.
5. Additionally, New Zealand offers a safe and stable environment for investors, with strong legal and financial systems in place to protect their interests. The country is known for its transparent regulations, low corruption levels, and ease of doing business, providing a conducive environment for investment.
Overall, the New Zealand Investor Visa offers a range of benefits for individuals looking to establish themselves in New Zealand, from lifestyle advantages to economic opportunities and long-term residency prospects.
9. Can family members be included in the visa application?
Yes, family members can be included in the application for a New Zealand Investor Visa (Form INZ 1091). This includes a spouse or partner, as well as dependent children under the age of 24. In order to include family members, the main applicant must provide details and documentation for each family member in the visa application. It’s important to note that family members included in the application must meet the necessary health and character requirements as outlined by Immigration New Zealand. Additionally, each family member included in the application may have specific visa conditions attached to their visa based on their individual circumstances.
10. What is the validity period of the New Zealand Investor Visa?
The New Zealand Investor Visa, once granted, is initially valid for a period of 12 months. However, this visa can be extended if certain conditions are met. Investors who wish to extend their stay in New Zealand under the Investor Visa program must continue to meet the requirements set out by Immigration New Zealand. It is important to note that the validity period may vary based on individual circumstances, but typically the visa can be extended in increments of 24 months. It is recommended for visa holders to stay informed and comply with any updates or changes to the visa regulations during their stay in New Zealand.
11. How can I show that my investment funds are legally sourced and available for investment in New Zealand?
To demonstrate that your investment funds are legally sourced and available for investment in New Zealand, you need to provide comprehensive documentation to support the origin and availability of these funds. Here are some key steps you can take:
1. Provide bank statements: Submit official bank statements showing the history of your funds, including where they originated from and how they have been accumulated over time.
2. Income sources: Detail your sources of income, such as salary, business profits, investments, or inheritance, to show that your funds are derived from legitimate sources.
3. Tax records: Present your tax returns and documents to confirm that your income has been declared and taxes have been paid on it.
4. Investment records: If the funds are from investments, provide documentation such as investment account statements, asset valuations, and sale proceeds.
5. Legal documents: Include any legal documents that verify the source of your funds, such as inheritance certificates, property sale agreements, or business ownership papers.
6. Statement of good character: Declare and provide evidence of your good character and reputation in financial matters to strengthen the credibility of your investment funds.
By diligently gathering and submitting these documents, you can effectively demonstrate that your investment funds are legally sourced and available for investment in New Zealand, enhancing your chances of a successful application for the Investor Visa.
12. Are there any restrictions or conditions on the types of investments that can be made under this visa category?
Yes, there are specific restrictions and conditions on the types of investments that can be made under the New Zealand Investor Visa category. Some key points to consider include:
1. Minimum Investment Amount: Applicants must meet the minimum investment threshold set by Immigration New Zealand, which varies depending on the visa category chosen (Investor 1 or Investor 2).
2. Investment Duration: There is a requirement to keep the investment funds in acceptable investments for a certain period specified by Immigration New Zealand, typically for a minimum of 4 years.
3. Acceptable Investments: The funds must be invested in acceptable investment categories such as bonds, equities, managed funds, or direct investments into New Zealand businesses. The investments must also align with the specified criteria set by Immigration New Zealand.
4. Compliance Requirements: Investors must comply with all relevant laws and regulations regarding their investments in New Zealand. Failure to meet these requirements may lead to visa cancellation or refusal of future visa applications.
It is essential for applicants to carefully review the specific guidelines provided by Immigration New Zealand and seek professional advice to ensure their investment choices comply with the visa requirements.
13. What are the job creation or economic contribution expectations for visa holders under this category?
Under the New Zealand Investor Visa category, visa holders are expected to create jobs and make significant economic contributions to the country’s economy. Specifically:
1. Job Creation: Visa holders are required to actively invest in New Zealand, either through eligible investment funds or directly in businesses. By doing so, they are expected to create employment opportunities for New Zealand citizens and residents. The creation of jobs is a key factor in meeting the visa requirements and contributing to the local economy.
2. Economic Contribution: Visa holders are expected to contribute to the growth and development of the New Zealand economy through their investments. This can include investing in key sectors such as technology, tourism, agriculture, or infrastructure development. By actively participating in the economy, visa holders help stimulate economic growth, create wealth, and drive innovation within the country.
Overall, the job creation and economic contribution expectations for visa holders under the New Zealand Investor Visa category are significant and play a crucial role in supporting the country’s economic development goals.
14. Do I need to provide a detailed business plan as part of the visa application?
Yes, providing a detailed business plan is a crucial aspect of the New Zealand Investor Visa application process. The business plan is essential as it outlines your proposed investment in New Zealand and demonstrates your understanding of the market, potential risks, financial projections, and how your investment will contribute to the New Zealand economy. The business plan should be comprehensive, including information on the industry sector, marketing strategies, operational plans, and financial forecasts. It is recommended to seek professional assistance in preparing your business plan to ensure it meets the requirements set by Immigration New Zealand.
15. Are there any specific financial or asset requirements for the New Zealand Investor Visa?
Yes, there are specific financial and asset requirements for the New Zealand Investor Visa. To be eligible for this visa, applicants must meet certain criteria related to their investment funds:
1. Minimum Investment: Applicants must invest a minimum of NZD $3 million in New Zealand for a period of at least 4 years.
2. Source of Funds: The investment funds must be legally earned or acquired and cannot be borrowed. Applicants need to provide evidence of the source of their funds.
3. Settlement funds: Applicants must also show that they have sufficient settlement funds to support themselves and their family during their time in New Zealand.
4. Asset Requirement: Apart from the minimum investment amount, there is no specific asset requirement for the visa. However, applicants must have a genuine intention to make a substantial investment in New Zealand.
Meeting these financial and asset requirements is crucial for the successful application of the New Zealand Investor Visa and to demonstrate the genuine intention to contribute to the country’s economy through investment.
16. Can I apply for permanent residency or citizenship through the Investor Visa pathway?
Yes, you can apply for permanent residency through the Investor Visa pathway in New Zealand. Here’s how the process typically works:
1. Investor Visa: To qualify for this visa, you must invest a minimum of NZ$3 million in New Zealand over a four-year period. This investment can be in either government bonds, equities, property, or a combination of these options.
2. Resident Visa: After holding the Investor Visa for a specific period, you can then apply for a resident visa, provided you have met all the requirements outlined by Immigration New Zealand. This visa will allow you to live, work, and study in New Zealand indefinitely.
3. Permanent Residency: Once you have held your resident visa for a specified period of time and met all the conditions, you can then apply for permanent residency. This status allows you to live in New Zealand permanently and provides you with access to healthcare, education, and other social services on a similar basis to New Zealand citizens.
4. Citizenship: After residing in New Zealand as a permanent resident for a minimum of five years (1,350 days in the country over this time), you may be eligible to apply for New Zealand citizenship. This will grant you all the rights and privileges of a New Zealand citizen, including the ability to vote in elections and hold a New Zealand passport.
In conclusion, while the Investor Visa pathway does not lead directly to citizenship, it does offer a route to permanent residency, which can eventually lead to citizenship after meeting the required criteria.
17. Are there any specific requirements for managing and monitoring the investment once in New Zealand?
Yes, there are specific requirements for managing and monitoring the investment once in New Zealand under the Investor Visa scheme. These requirements include:
1. Investment Maintenance: Investors must maintain their investment funds in an acceptable investment category as per the visa requirements.
2. Regular Reporting: Investors are obligated to provide regular reports on the performance and status of their investments to Immigration New Zealand.
3. Compliance with Regulations: Investors must ensure that their investments comply with New Zealand laws and regulations.
4. Monitoring of Business Operations: If the investment involves setting up or investing in a business, investors must actively monitor and manage the business operations in accordance with New Zealand business practices.
5. Adherence to Visa Conditions: It is crucial for investors to comply with all visa conditions, including those related to managing and monitoring their investments.
Overall, maintaining transparency, adherence to regulations, and proactive management are essential for effectively managing and monitoring investments under the New Zealand Investor Visa scheme.
18. How can I demonstrate my commitment to New Zealand and intention to settle in the country?
To demonstrate your commitment to New Zealand and intention to settle in the country when applying for the New Zealand Investor Visa, there are several ways you can showcase this:
1. Investment Plans: Clearly outline your investment plans in New Zealand, detailing how your investment will benefit the country’s economy and create job opportunities for locals.
2. Residency Plans: Provide a detailed explanation of why you have chosen New Zealand as your preferred country for residency and why you intend to settle there permanently.
3. Connection to New Zealand: Highlight any existing connections you have in New Zealand, such as family members or business partners, to show your genuine interest in integrating into the local community.
4. Cultural Integration: Express your willingness to immerse yourself in the New Zealand culture and way of life, demonstrating your respect for the country’s values and traditions.
By effectively addressing these points in your application and providing supporting evidence where possible, you can demonstrate your genuine commitment to New Zealand and your sincere intention to settle in the country if granted the Investor Visa.
19. What are the tax implications for investors holding a New Zealand Investor Visa?
Investors holding a New Zealand Investor Visa may be subject to various tax implications. Here are some key points to consider:
1. Tax Residence: Investors who reside in New Zealand for 183 days or more in any 12-month period are considered tax residents and are therefore subject to tax on their global income.
2. Tax on Investment Income: Income earned from investments in New Zealand, such as dividends, interest, and rental income, is generally taxable. However, New Zealand has tax treaties with many countries to prevent double taxation for foreign investors.
3. Capital Gains Tax: New Zealand does not currently have a broad-based capital gains tax, but certain gains may still be taxable, such as gains from selling property that was acquired with the intention of resale.
4. Reporting Requirements: Investors are required to report their income to the Inland Revenue Department (IRD) and file tax returns annually. Failure to comply with tax obligations can result in penalties and fines.
5. Seeking Professional Advice: It is advisable for investors to seek guidance from a tax professional or advisor to ensure compliance with New Zealand’s tax laws and maximize tax efficiency.
Overall, understanding and managing the tax implications of holding a New Zealand Investor Visa is essential for investors to maintain compliance and make informed financial decisions.
20. Are there any post-arrival requirements or obligations for investors under this visa category?
Yes, there are post-arrival requirements and obligations for investors under the New Zealand Investor Visa category. Some of the key obligations and requirements include:
1. Investment Requirement: Investors must maintain their investment in New Zealand for a minimum specified period, usually two to four years, depending on the specific visa category. They are required to invest in acceptable investment categories such as bonds, equities, or commercial or residential property.
2. Time Spent in New Zealand: Investors must also meet certain residency requirements, including spending a minimum amount of time physically present in New Zealand during each of the specified investment periods. This is typically outlined in the visa conditions.
3. Compliance Reporting: Investors are also required to provide regular compliance reports to the immigration authorities, demonstrating that they have met the investment and residency requirements as per the conditions of their visa.
4. Business Activities: If the investor visa is linked to a business, there may be additional obligations related to managing and developing the business in New Zealand, creating new job opportunities, or contributing to the local economy.
5. Renewal or Transition: Towards the end of the initial investment period, investors may need to apply for a renewal or transition their visa to another category if they wish to continue their stay in New Zealand.
It is crucial for investors to understand and adhere to these post-arrival requirements and obligations to ensure compliance with their visa conditions and maintain their legal status in New Zealand. Failure to meet these obligations may result in visa cancellation or other penalties.