BJ8.10 Resident visas subject to conditions under section 49(1) of the Immigration Act (29/11/2010)

See also Immigration Act 2009 s 49

All resident visas granted under one of the Migrant Investment Categories must subject to the following conditions under section 49(1) of the Immigration Act 2009:

1. that the principal applicant retains an acceptable investment in New Zealand for a minimum of three years under the Investor 1 Category or four years under the Investor 2 Category and spends a minimum period of time in New Zealand during the required investment period (see BJ8.15); and
2. that the principal applicant informs the nearest branch of INZ of any changes of New Zealand address during the investment period; and
3. that a principal applicant who was awarded 1 point for English language ability (IELTS 3) under the Investor 2 Category, must complete a minimum 20 hours of English language tuition with a New Zealand registered school or tertiary education provider as defined in the Education Act 1989 within the four year investment period; and
4. at the two-year anniversary of the investment period, the principal applicant submits evidence that they:
   1. are retaining an acceptable investment in New Zealand; and
   2. meeting minimum period of time in New Zealand requirements; and
5. that within 3 months after the expiry date of the investment period, the principal applicant submit evidence to INZ that they have met requirements (i) and (iii) if applicable.

Effective 29/11/2010