John Jon, Senior Associate, Queen City Law Bradley So, Lawyer, Queen City Law June 2013 MIGRATING TO NEW ZEALAND: The Investor Category
Topics Introduction Trends in the Investor Category Investors Plus Category Investor 2 Category Comments and discussion OVERVIEW
Who is Queen City Law Award Winning Law Firm Focus on Construction and Property Acted for the development/acquisition of more than 1500 apartments Business Migration Specialist Acted for high net worth individuals Total value of investment around NZD $60m in the last 6 months. INTRODUCTION
TRENDS IN THE INVESTOR CATEGORY
NUMBER OF INVESTORS – – 167 INVESTED FUNDS $1,132,000, $1,203,400,000 Since 2009 – $646,000,000
Requirements Investment fund NZD $10 million Invest in an acceptable investments Residence Conditions 3 years to maintain investment 44 days in the 2 nd and 3 rd year Processing Time Priority 5 days from lodgement Investor Plus Category
INVESTOR 2 CATEGORY Basic Requirements 65 years or younger 3 years business experience Investment fund of NZD $1.5 million Settlement fund of NZD $1 million English – 3.0 IELTS Residence Conditions 4 years to maintain investment 146 days each year from the 2 nd, 3 rd, and 4 th year Processing time 3 – 6 months
ACCEPTABLE INVESTMENT Residential Property provided that it is a new development