BJ5.5 Approval of applications under the Investor 2 Category (29/11/2010)

1. Principal applicants under the Investor 2 Category are assessed against:
   1. age, health, character and English language requirements; and
   2. investment and settlement fund requirements; and
   3. business experience requirements.
2. For an application under the Investor 2 category to be approved:
   1. the principal applicant and family members included in the application must meet health and character requirements; and
   2. the principal applicant must qualify for the points on the basis of which their EOI was selected from the Pool; and
   3. the principal applicant must be aged 65 years or younger; and
   4. the principal applicant must have a minimum of three years of business experience; and
   5. the principal applicant must have a minimum overall band score of IELTS 3 for English language ability; and
   6. the principal applicant must nominate investment funds and/or assets equivalent in value to at least NZ$1.5 million; and
   7. the principal applicant must nominate NZ$1 million of settlement funds; and
   8. the principal applicant must demonstrate ownership of the nominated funds and/or assets and that they have been legally earned or acquired.
3. Despite BJ5.5(b)(ii) above, if a principal applicant does not qualify for the points for business experience and nominated investment funds on the basis of which their EOI was selected from the Pool (see BJ4.20), a business immigration specialist may, on a case by case basis, determine that the application may nevertheless be approved, where the principal applicant has satisfied a business immigration specialist that there was a reasonable basis for making the claim for points in the Expression of Interest and that in making that claim there was no fraud, or intent to provide false or misleading information.

Effective 29/11/2010