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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

PREVIOUS IMMIGRATION INSTRUCTIONS

BJ8.10 Resident visas subject to conditions under section 49(1) of the Immigration Act (21/11/2016)

BJ8.10 Resident visas subject to conditions under section 49(1) of the Immigration Act (11/04/2016)

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