Residency | New Zealand
New Zealand is one of the world’s most stable and well governed nations and offers an attractive destination for investment, business, and raising a family. The country is consistently ranked in the top 10 in terms of protecting investors, starting a business, and ease of doing business.
Investment: Minimum investment of NZD 5 million
Processing time: Eight–nine months
Key benefit: Eligibility for citizenship after five years of residence
Benefits of New Zealands Residency by Investment:
- High standards of living, multicultural population, and low population density
- Residence applicable to a spouse and dependent children up to the age of 24
- Political, social, and economic stability
- Solid legal system based on English law
- No gift, estate, or wealth tax, and no capital gains tax
Procedures and time frame of residence by investment in New Zealand's
Applications must include completed application forms and should be accompanied by the appropriate fees and supporting documents. The processing time is eight to nine months from submission of the application to approval.
Investments can be made across three years (being maintained for a fourth year). After four years of keeping their funds in New Zealand, if they meet the requirements for minimum time spent in the country, investors can apply for permanent residence. After the four-year period and meeting the investment and time-in-country requirements, residents can support their parents’ application under the Parent Retirement category.
If families are included in the resident visa, they are required to go to New Zealand within 12 months of their visa being granted but are not required to remain in New Zealand for any minimum length of time. Family members aged 16 and over are also required to meet English language requirements, or they can choose to pre-purchase ESOL tuition to be undertaken once in New Zealand.
A visa holder may take up residence anywhere in New Zealand and can study at all schools and tertiary education providers in the country as a domestic student. To purchase residential real estate, visa holders must be usually resident in New Zealand. Those who spend only the minimum number of days in the country are likely to be required to obtain approval to purchase. This requirement is removed once they have lived in New Zealand and been physically present in the country for at least 183 days in the preceding 12 months and are a tax resident.
Requirements of the New Zealand's Permanent Residence Program
To qualify for residence, applicants must fulfill all of the following requirements:
- Invest between NZD 5 million and NZD 15 million over the course of four years
- Be in good health and of good character
- Spend 117 days in New Zealand across the four-year residence period
- Demonstrate English language ability
The following assets may be invested into and will be weighted accordingly to meet the NZD 15 million investment threshold:
- Direct investments into approved businesses. These will be given a 3x weighting
- Investments into approved managed funds (private equity or venture capital funds). These will be given a 2x weighting
- Investment into listed equities and philanthropy. These will be given a 1x weighting (and each of these is capped at 50% of the NZD 15 million investment requirement)