MIGRATING TO NEW ZEALAND: The Investor Category
John Jon, Senior Associate, Queen City Law Bradley So, Lawyer, Queen City Law June 2013
OVERVIEW Topics
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Introduction
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Trends in the Investor Category
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Investors Plus Category
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Investor 2 Category
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Comments and discussion
INTRODUCTION
Who is Queen City Law •
Award Winning Law Firm
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Focus on Construction and Property •
Acted for the development/acquisition of
more than 1500 apartments
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Business Migration Specialist • Acted for high net worth individuals • Total value of investment around NZD $60m in the last 6 months.
TRENDS IN THE INVESTOR CATEGORY
TRENDS IN THE INVESTOR CATEGORY
NUMBER OF INVESTORS •
2001 - 1088
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2002 – 1087
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2006 - 39
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2012 – 167
INVESTED FUNDS •
2001 - $1,132,000,000
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2002 - $1,203,400,000
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Since 2009 – $646,000,000
Investor Plus Category
Requirements •
Investment fund NZD $10 million
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Invest in an acceptable investments
Residence Conditions •
3 years to maintain investment
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44 days in the 2nd and 3rd year
Processing Time •
Priority
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5 days from lodgement
INVESTOR 2 CATEGORY Basic Requirements •
65 years or younger
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3 years business experience
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Investment fund of NZD $1.5 million
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Settlement fund of NZD $1 million
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English – 3.0 IELTS
Residence Conditions •
4 years to maintain investment
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146 days each year from the 2nd, 3rd, and 4th year
Processing time •
3 – 6 months
ACCEPTABLE INVESTMENT • Residential Property provided that it is a new development