BJ7.10 Transfer of the nominated investment funds (to 28/07/2022)

1. When their application is approved in principle, the principal applicant will be required to transfer the nominated investment funds to New Zealand. These funds must:
   1. be the funds initially nominated, or the funds that result from the sale of the same assets as those initially nominated, in the resident visa application; or
   2. be funds, in the case of the Investor 1 Category as agreed to by a business immigration specialist, secured against the nominated assets in the resident visa application and as approved in accordance with (b) below; and
   3. be transferred through the banking system directly from the principal applicant's bank account(s) to New Zealand; or
   4. be transferred by a foreign exchange company to New Zealand through the banking system. Business immigration specialists may not accept the transferred funds if the applicant cannot provide satisfactory evidence of the following:
      • the nominated investment funds have been transferred to the foreign exchange company directly from the principal applicant’s bank account(s); and
      • the nominated investment funds have not been transferred through the foreign exchange company contrary to the laws of New Zealand; and
      • nominated investment funds transferred are traceable; and
      • cash transactions were not made; and
      • the foreign exchange company is not suspected of, or proven to have committed fraudulent activity or financial impropriety in any country it operates from or in.

        Note: For Investor 2, the transfer of funds will be less any discount for investment in ‘growth investments’ see (BJ5.45)

2. Under the Investor 1 Category, a business immigration specialist may consider, on a case by case basis, borrowed funds as acceptable investment funds where the principal applicant is able to demonstrate that:
   1. they own net assets equal or greater in value to the required investment amount; and
   2. the borrowed investment funds will be from a bank or commercial lending institution acceptable to a business immigration specialist and will be secured against the assets identified under (i); and
   3. it is not economically viable or practical to liquidate the nominated assets. eg sell a business.
3. The investment funds that are transferred to New Zealand and subsequently into an acceptable investment must be from the same source of funds as nominated in the resident visa application.

Note: Nominated funds held in a country other than the country in which they were earned or acquired legally must have been originally transferred through the banking system, or a foreign exchange company that uses the banking system from that country.

Effective 22/05/2017