The New Zealand investor visa offers eligible candidates with the financial means the opportunity to become New Zealand residents. There is the Investor visa and the Investor Plus visa.
Your investment visa route would depend on how much you want to invest, and your ability to meet the requirements of either investment visa.
1. Investor visa
You intend to invest NZD1.5 million in New Zealand for 4 years.
What are the requirements?
To be eligible for the Investor visa, you must:
- Be 65 or younger
- Demonstrate three years of business experience in owning a business or being in a senior management position within a company that has:
- An annual turnover of at least NZ$1 million
- At least five full-time employees
- Meet the required points score
- Meet the English language requirements
- Be able to prove that you have an additional NZ$1 million available to use as settlement funds
- Meet New Zealand’s health and character requirements
2. Investor Plus visa
You intend to invest NZD10 million in New Zealand for three years.
How does the Investor Plus visa differ from the Investor visa?
When you choose to invest through the Investor Plus visa, you’ll have less requirements to meet than someone who applies for the Investor visa:
- There are no age restrictions on the Investor Plus visa
- You don’t have to demonstrate any business experience
- You don’t have to have settlement funds available
- There is no English language requirement or points test applied to the Investor Plus visa
What are the requirements?
To be eligible for an Investor Plus visa, you must:
- Make the required investment in an acceptable investment
- Meet New Zealand’s health and character requirements
How should you invest?
You can only invest in acceptable New Zealand investments, and you have to do invest through the New Zealand banking system. INZ also requires that your investment is from a validated source.
What does INZ recognise as acceptable investments?
Immigration New Zealand defines ‘acceptable investments’ as investments that:
- Are able to make a commercial return
- Are invested in New Zealand
- Are invested in New Zealand dollars
- Are invested in legal enterprises or managed funds
- Have the potential to contribute to New Zealand’s economy
- Are not for your personal use, for example, your home, boat or car.
Investments must be in bonds, equities, property or other investments, and INZ lists five types of acceptable investments on their website:
- Equity in a New Zealand company
- Investments in new residential property developments
- Investments in commercial property
- Philanthropic investments
- Growth investments
You can read more about acceptable investments on Immigration New Zealand’s website.
Here’s how the application process works
If you wish to apply for a New Zealand Investor visa, you must first lodge an Expression of Interest. If your Expression of Interest is successful, you’ll get an invitation to apply for New Zealand residence.
Should INZ approve your residence in principle, you’ll have 12 months to transfer your investment funds into an acceptable investment in New Zealand. You’ll have to provide verifiable documents to show that the investments came from the funds and/or assets you’ve nominated.
You do not have to submit an Expression of Interest for the Investor Plus visa. You can apply for this visa at any time.
You must do this after your residence is approved…
Immigration New Zealand requires that investor visa holders keep their investments in New Zealand and spend a minimum amount of time in New Zealand:
- Keep the investment funds in an acceptable investment for four years.
- Spend at least 146 days per year in New Zealand, or 438 days at any time over the four year investment period if you’ve invested a minimum of NZD750,000 in growth investments.
Investor Plus visa:
- Keep your investment funds in an acceptable investment for three years.
- Spent at last 44 days in each of the last two years of your three-year investment period in New Zealand, or, 88 days at any time over the three year investment period if you’ve invested a minimum of NZD2.5 million in growth investments.
Find out if you’re eligible for a New Zealand Investor visa
To see if you’re eligible to apply for either the Investor or Investor Plus visa, book a consultation call with our licensed advisor. You’ll discover if you meet the requirements to apply for either Investor Visa and find out how the application process works.
One of the main research point for our clients is the cost of living in New Zealand. Time and again clients tell us they want to know that they’ll be able to live comfortably.
This has lead us to put together the ultimate guide to the cost of living in New Zealand – and today we’re sharing it with you.
You’ll get a better understanding of how much money you could expect to earn and what your average living costs would be:
We’ll even tell you where to go do a realistic cost-of-living calculation. But first let’s look at how much you could expect to earn…
You can choose to rent or buy a home in New Zealand. You might have to rent a home when you first arrive so let’s start there:
In 2019, the average cost of rent increased just about everywhere in New Zealand:
|City||Avg Weekly Rent at end of 2019||Year-on-Year Increase|
Experts are not expecting rental prices to come down in 2020. In fact, the average Wellington rental property is on track to hit an all-time high of NZ$640 per week in February.
In a recent article on Newshub it was explained that the increase in rental prices mostly comes down to supply – high house prices mean people stay in rentals longer to save deposits, putting pressure on the market. In turn, rent prices are going through the roof. “Essentially, we need more houses,” explained infometrics senior economist Brad Olsen.
These are the rental costs to expect:
Your initial costs when renting a home will include a portion of the rent in advance and a letting fee if you use an agent and a bond.
A landlord can ask for a maximum of two weeks rent in advance while you can expect that the bond (or deposit) will be equal to four weeks’ rent. This means you’ll have to pay up up to six weeks of rent upfront.
You’ll get the bond back at the end of the leasing term, provided you leave the place in a good condition.
To do a search for rental prices in the area you plan on staying, go to TenancyServices, a website hosted by the New Zealand Ministry of Business, Innovation and Employment.
Just like the cost of rent, New Zealand house prices also increased in 2019. At the end of December, the average house prices in 16 of New Zealand largest cities were as follows:
|Average Value||3 Month Change|
Experts did expect this tide to turn in 2020, and for house prices to fall, but the resurgence in Auckland specifically now have economists predicting that house prices will continue to rise. Most economists agree on an increase of at least 5%.
To get an accurate view of how much you’re likely to spend on a home this year, you can check the median values of homes in any region, city or even street on QV.co.nz.
Keep this in mind: Property ads in New Zealand usually show either an RV (Rateable Value), GV (Government Valuation) or CV (Council Valuation) figure. These figures refer to the valuation used by the local council to calculate rates for the property. These aren’t registered valuations and often don’t reflect the property’s true market value.
The main utilities for any home would be water and electricity. Of course an internet connection is also considered essential in this day and age.
Most regional councils charge for the water they supply and the rates vary from region to region. If you own your home, the cost is added to your rates as water rates.
When it comes to electricity, you’ll find that there are a number of electricity and gas retailers in New Zealand. You can search for the best deal on the PowerSwitch website run by ConsumerNZ and MBIE Consumer Affairs.
There are a range of internet service providers to choose from in New Zealand. Glimp lets you compare providers by price, speed, data and plan specifics. You can also use Broadband Compare for service provider comparisons.
While public transport is available in New Zealand, most New Zealanders choose to own a car and drive to where they need to be.
Choosing to also go this route might mean that you’ll have to buy a car once you arrive in New Zealand. You can use New Zealand’s AA website to see how much your favourite car will cost you new, but here are a couple of prices to start with:
What about insurance and petrol?
Insurance is not compulsory in New Zealand but third party insurance will insure you against having to personally pay the cost of damage to someone else’s vehicle. Petrol prices are on the AA’s site where regularly updates are published.
The general rule is that local produce will be cheaper than imported items.
Keep in mind that imported items travel far due to New Zealand’s ‘end of the earth’ location. This means you might pay considerably more for certain items than you’re used to.
Numbeo is a great site if you’d like to check average grocery prices in New Zealand. You can also look at specific cities or compare the prices between cities.
Let’s take a look at the prices of a couple of basic groceries:
|Fresh white bread||NZ$2.31|
|Chicken breasts (1kg)||NZ$12.45|
How does New Zealand’s cost of living compare to that of other countries?
Numbeo’s 2020 Cost of Living Index compares the cost of living of 440 cities around the world. Auckland is New Zealand’s most expensive city. At number 53 on the list, Auckland is cheaper than Sydney in Australia but more expensive than Brighton in the UK.
The only other New Zealand’s cities that ranked on the Index are Christchurch and Wellington at numbers 79 and 113 on the list.
The most expensive city in the world, in case you wanted to know, is Zurich.
And, as promised – how to do a realistic cost-of-living calculation
We said we’ll tell you where to go for a realistic calculation of your cost of living and here it is:
You can use New Zealand Now’s cost calculator. You can tailor your income and expenses (be sure to click on the + signs on the expenses!) and adjust to a monthly or weekly outlook.
Of course here at Intergate we like to go the extra mile, so here is a bonus tip to end off our guide to the cost of living in New Zealand – use PriceMe to compare the prices of computers, appliances, phones, furniture, savings accounts and much more.
The Emigration Expo, held in the Netherlands, is Europe’s largest meeting point for the emigration industry. The 2020 event is hosting 200 exhibitors and more than 11,000 visitors are expected. The Intergate Group will be joining too!
Emigration information for emigrants, expats, students, entrepreneurs and job seekers
The 24th Emigration Expo takes place during the weekend of 8 and 9 February. It is the only international event for those who want to live abroad. A visit to the Expo will quickly provide you with all you need to know about living, working, studying and doing business overseas. You’ll get information through a comprehensive range of options, services, vacancies and products as well as attend free lectures and presentations on issues, topics and trends relating to emigration.
Find Intergate for advice on South Africa, Australia and New Zealand
Intergate had a successful event in 2019 so we’re going back in 2020! We’ll be available to answer all your questions about emigration to New Zealand, Australia and South Africa. Come see us, at whatever stage you are of your emigration journey. We’re looking forward to meeting you!
Saturday 8 February and Sunday 9 February 2020, from 10am to 5pm.
3992 AE Houten
- €17.50 at the door.
- €12.50 when ordering tickets online.
- €8.75 for students, on production of a student pass at the door.
Your ticket is valid for both Saturday and Sunday.
For more details: www.emigrationexpo.com