BJ2.5 Investor 2 Category (29/11/2010)

1. A person who is interested in applying for a resident visa under the Investor 2 Category may complete an Expression of Interest (EOI) form in the prescribed manner.

   Note: Applications can be made under Investor 1 Category without the need to submit an EOI or be invited to apply.

2. EOIs which meet prerequisites for health, character, English language, age, business experience, investment funds and settlement funds, and have a minimum point score of 20, are entered into the Investor 2 Category EOI Pool (see BJ4.15).
3. EOI's in the Investor 2 Category EOI Pool are selected from that Pool periodically on the Government's behalf by Immigration New Zealand.
4. Points for age, business experience, English language ability, and investment funds are claimed by a person expressing interest in accordance with the requirements set out in the Investor 2 Category (see BJ4).
5. EOIs will be selected from the Pool according to their points ranking in sufficient numbers to meet the requirements of the Migrant Investment Categories (MIC) at the time of selection (subject to any adjustment to the number or distribution of places available for the MIC in the New Zealand Residence Programme as determined by the Government).
6. A selected EOI may result in an Invitation to Apply (ITA) for a resident visa under the Investor 2 Category, subject to:
   1. an assessment of the credibility of the information provided in the EOI; and
   2. whether the EOI indicates the presence of any health or character issues that may adversely affect the ability of the person expressing interest to be granted a resident visa under the Investor 2 Category; and
   3. whether the EOI indicates that the person expressing interest will not meet the Investor 2 Category criteria.
7. Only a person with an ITA may apply for a resident visa under the Investor 2 Category.
8. The issue of an ITA does not guarantee that a resident visa will be granted.
9. If a person is invited to apply, information provided in the EOI, and any further evidence, information and submissions will form the basis for determination of a subsequent application for a resident visa under the Investor 2 Category.
10. Applications for a resident visa resulting from an ITA must include:
    1. information and evidence to support the claims made in the EOI; and
    2. information concerning any relevant fact (including any material change in circumstances that occurs after the EOI was submitted) if that fact or change in circumstances could affect the decision on the application. Such a relevant fact or change in circumstances may relate to the principal applicant or another person included in the application, and may relate to any matter relevant to the Investor 2 Category.
11. To be approved under the Investor 2 Category a principal applicant must:
    1. meet requirements for health and character (see A4 and A5); and
    2. qualify for the points for English language, age, business experience and nominated investment funds on the basis of which their EOI was selected from the Pool; and
    3. invest NZ$1.5 million in New Zealand.

Effective 29/11/2010