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Published byOwen Thompson Modified over 9 years ago
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John Jon, Senior Associate, Queen City Law Bradley So, Lawyer, Queen City Law June 2013 MIGRATING TO NEW ZEALAND: The Investor Category
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Topics Introduction Trends in the Investor Category Investors Plus Category Investor 2 Category Comments and discussion OVERVIEW
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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
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TRENDS IN THE INVESTOR CATEGORY
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NUMBER OF INVESTORS 2001 - 1088 2002 – 1087 2006 - 39 2012 – 167 INVESTED FUNDS 2001 - $1,132,000,000 2002 - $1,203,400,000 Since 2009 – $646,000,000
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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
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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
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ACCEPTABLE INVESTMENT Residential Property provided that it is a new development
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