How often does an EOI selection happen?

EOIs will be selected from the ‘pool’ of EOIs every two weeks.

If my EOI does not get selected from the pool, how long can my EOI remain in the pool?

An EOI is current for a period of six months from the date of initial entry to the pool.

How many points will I need to go into the Investor 2 Category EOI pool?

To enter into the EOI pool, you must meet prerequisites for health, character, English language, age, business experience, investment funds and settlement funds, and have a minimum points score of 20 or more. These points accrue from the minimum requirements for:

• English language – IELTS 3 level:  1 point
• Age – 65 years:  0 points
• Business experience three years:  9 points
• Investment funds NZ$1.5 million:  10 points

How many points do I need to have in order to be selected from the EOI pool and issued an Invitation to Apply for residence?

There is no pass mark for EOIs being selected from the pool. EOIs will be selected periodically from the pool according to their points ranking in sufficient numbers to suit the places available under the Investor 2 Category at the time of selection.

How can I increase my chances of being selected from the pool?

People with the highest total points in their EOI will be selected from the pool. You may qualify for additional points for English language, age, business experience, and investment funds. 

How can I calculate my points?

Below is a summary of the points available. For further detail, please refer to the Investor (Investor 2 Category) Guide (INZ 1164) PDF.

 

Age	Points	Age	Points
60-65	0	42	18
59	1	41	19
58	2	40	20
57	3	39	21
56	4	38	22
55	5	37	23
54	6	36	24
53	7	35	25
52	8	34	26
51	9	33	27
50	10	32	28
49	11	31	29
48	12	30	30
47	13	29	31
46	14	28	32
45	15	27	33
44	16	26	34
43	17	25 or below	35

 

Business experience years	Points
3	9
4	12
5	15
6	18
7	21
8	24
9	27
10+	30

 

IELTS overall band score	Points
3	1
4	4
5+	10

 

Investment amount (NZ$M)	Points	Investment amount (NZ$M)	Points
1.5	10	5.75	95
1.75	15	6	100
2	20	6.25	105
2.25	25	6.5	110
2.5	30	6.75	115
2.75	35	7	120
3	40	7.25	125
3.25	45	7.5	130
3.5	50	7.75	135
3.75	55	8	140
4	60	8.25	145
4.25	65	8.5	150
4.5	70	8.75	155
4.75	75	9	160
5	80	9.25	165
5.25	85	9.5	170
5.5	90	9.75	175

 

What happens if I reach age 66 while my EOI is still in the pool?

You cannot apply for residence under the Investor 2 Category if you are aged 66 or over at the time of your application. In that situation your EOI would be removed from the pool.

Are there any requirements for business experience?

You need to have at least three years’ business experience to be approved for residence under the Investor 2 Category. Business experience is recognised if it is experience in planning, organisation, control, senior change-management, direction-setting and mentoring acquired through ownership of, or management level experience in, a lawful business enterprise that has at least five full-time employees or an annual turn-over of NZ$1 million.

 

Ownership means owning at least 25 per cent of a business.

 

A lawful business enterprise is an organisation that operates lawfully in a commercial environment with the goal of returning a profit and is not set up primarily for passive or speculative purposes.

Investment funds

What are the requirements for investment funds?

You must demonstrate ownership of your nominated funds and/or assets, and demonstrate that the nominated funds and/or assets have been legally earned or acquired. All invested funds must be placed in an acceptable investment(s).

Can I nominate funds that have been gifted to me?

You may nominate funds and/or assets which have been given to you unconditionally and in accordance with local law. You will need to show that your donor acquired those funds and/or assets lawfully.

 

If some of your funds and/or assets have been acquired by inheritance you will need to provide appropriate evidence, eg probate or evidence from your solicitor, to show that they were acquired lawfully.

Can I invest my nominated funds through a New Zealand trust under the Migrant Investment categories?

New Zealand trusts may be an acceptable method to manage your investment. However, all trusts will be assessed on a case-by-case basis. You should provide all trust documents to Immigration New Zealand for assessment on whether they meet policy.

 

Remember that it is ultimately for you to satisfy Immigration New Zealand about the acceptability of your investment.

What sort of New Zealand trusts may be acceptable under the Migrant Investment categories?

You must be able to demonstrate ‘ownership’ of the nominated funds or assets. If the nominated funds or assets are invested as trust property, you will have to be a trustee of the New Zealand trust.

Can there be more than one trustee?

You must be a trustee of the New Zealand trust. You must also have the power to remove and appoint trustees under the trust deed. New Zealand trusts with more than one trustee will only be acceptable to Immigration New Zealand if the other trustee(s) include one or more of the following.

• Your partner who is included in the application for residence.
• Your dependant(s) who is/are included in the application for residence.
• A New Zealand solicitor with a current practising certificate, acting in a professional capacity.

What is an acceptable investment?

An acceptable investment means an investment that:

• is capable of a commercial return under normal circumstances, and 
• is not for the personal use of the applicant(s) (see What is meant by personal use of investment funds? below), and 
• is invested in New Zealand in New Zealand currency, and
• is invested in lawful enterprises or managed funds that comply with all relevant laws in force in New Zealand (see Managed funds below), and
• has the potential to contribute to New Zealand's economy, and 
• is invested in either one or more of the following: 
  • bonds issued by the New Zealand government or local authorities, or 
  • bonds issued by New Zealand firms traded on the New Zealand Debt Securities Market (NZDX), or 
  • bonds issued by New Zealand firms with at least a BBB- or equivalent rating from internationally recognised credit rating agencies (for example, Standard and Poor's), or 
  • equity in New Zealand firms (public or private including managed funds), or
  • bonds issued by New Zealand registered banks, or
  • equities in New Zealand registered banks, or
  • residential property development(s) (see Residential property development below), or
  • bonds in finance companies. 
    Note:
    • For the purpose of these categories, convertible notes are considered to be an equity investment.
    • New Zealand registered banks are defined by the New Zealand Reserve Bank Act 1989.
• Where an investment fails to meet one of the acceptable investment requirements, we may consider, on a case by case basis, whether the failure was beyond the control of the principal applicant and if satisfied that this was the case, may consider the investment acceptable.
• A Business Immigration Specialist may consider bonds in finance companies as an acceptable investment where the finance company:
  • is a wholly-owned subsidiary of,
  • raises capital solely for, and
  • has all its debt securities unconditionally guaranteed by

a New Zealand Stock Exchange listed company or a local authority.

Note:  The value of an investment is based on the net purchase price (for example, less any accrued interest, commission, brokerage and/or trade levy), not on the face value of the investment.

Managed funds

For the purposes of this category, managed funds are defined as either:

• a managed fund investment product offered by a financial institution, or 
• funds invested in equities that are managed on an investor's behalf by a fund manager or broker.

In order to be acceptable as a form of investment managed funds must be invested only in New Zealand companies. Managed fund investments in New Zealand with international exposure are acceptable only for the proportion of the investment that is invested in New Zealand companies.

 

Example: Only 50% of a managed fund that equally invests in New Zealand and international equities would be deemed to be an acceptable investment.

What is meant by personal use of investment funds?

Personal use includes investment in assets such as a personal residence, car, boat or similar.

Residential property development

For the purpose of these categories, residential property development(s) is defined as property(ies) in which people reside and is subject to the following conditions:

• the residential property must be in the form of new developments on either new or existing sites, and 
• the residential property(ies) cannot include renovation or extension to existing developments, and
• the new developments must have been approved and gained any required consents by any relevant regulatory authorities (including local authorities), and
• the purpose of the residential property investments must be to make a commercial return on the open market, and
• neither the family, relatives, nor anyone associated with the principal investor, may reside in the development, and
• the costs associated with obtaining any regulatory approval (including any resource or building consents) are not part of the principal applicant’s acceptable investments.

Deposit taking financial institutions

For the purposes of these categories, a deposit taking financial institution is an institution that carries on the business of borrowing and lending money, or providing financial services, or both.

What evidence must everyone in my residence application provide?

For every person included in the application you must provide:

• two passport-size photographs
• photocopies of the identity pages of their passport
• a full birth certificate (that is, one showing the names of both parents).

Health

You must show that everyone included in the application meets our health requirements by submitting a completed medical and chest x-ray certificate. 

Character

You must show that everyone included in the application who is aged 17 or more meets our character requirements by providing police certificates from their country or countries of citizenship, and all countries they have lived in for 12 months or more in the last 10 years. This includes countries where the stay has been broken by short departures. See information on how to get a police certificate.

Evidence of your partnership

If your partner is applying on your application form too, you need to show that you have been living together in a genuine and stable relationship for at least 12 months.

 

Evidence you live together might include original or certified copies of documents showing shared accommodation – such as joint ownership of residential property, joint tenancy agreement, or correspondence (including postmarked envelopes) addressed to both you and your partner at the same address.

If my application for residence is approved in principle, within what time frame do I have to invest my funds in New Zealand?

You should transfer your total investment funds to New Zealand and invest them in acceptable investments within 12 months of approval in principle.

 

The investment period can be extended on request for up to a further 6 months if you cannot liquidate your assets, transfer and invest your funds in New Zealand within 12 months of approval in principle.  Extension of the investment period can only occur following demonstration of reasonable attempts to transfer the nominated investment funds to New Zealand within the first 12 months.

 

If you do not transfer your funds within 12 months (or 18 months if extended) your application must then be declined.

Can I come to New Zealand to investigate investment opportunities once my application has been approved in principle?

Once your application is approved in principle you are eligible for a 12-month multiple entry work visa to come to New Zealand to investigate investment opportunities.

 

If applicable, your partner and children are eligible for multiple entry visitor visas for the same period. If your children wish to study during this period they will have to apply for a student visa and meet student instructions.  

 

A further 12-month multiple entry work visa is available if needed.  

Do I have to transfer my settlement funds to New Zealand (Investor 2 Category)?

No, you are only required to transfer your nominated investment funds to New Zealand.

Is any other information available?

For more information see the guide and the application form.

 

To get further detailed information, you can:

• phone:
  • 0508 55 88 55 (if you are within New Zealand but outside of Auckland)
  • 09 914 4100 (if you are calling from Auckland), or
• email investors@dol.govt.nz

What are the English language requirements for me and my family?

Principal applicant

To meet our English language requirements you must:

• have an English speaking background OR
• be a competent user of English OR
• have an International English Language Testing System (IELTS certificate (no more than two years old at the time you lodge your application for residence), which shows you gained at least an overall band score of 3 or more in the IELTS General or Academic Module.

We may still require you to provide an IELTS certificate to confirm you meet our English language requirements. 

 

Once we give you ‘approval in principle’, if you were awarded 1 point for English language ability (IELTS 3) you will have to complete 20 hours of English language tuition at a New Zealand-registered school or tertiary education provider.

Partner and dependent children

If they are included in your residence application, your partner and dependent children aged 16 or older need to either meet the same English language requirements as you, or pre-purchase ESOL tuition in New Zealand. The English tuition can be purchased from us, on behalf of New Zealand’s Tertiary Education Commission. The resident visa will only be granted once you have paid the tuition charge. Payment of this tuition charge is not due until your application is approved.