BN8.5 Approval in principle

Principal applicants who are assessed as meeting the requirements as set in BN3(a)(i) to (vi) will be advised that:

1. their application has been approved in principle; and
2. resident visas (subject to conditions under section 49(1) of the Immigration Act 2009) may be granted once they:
   1. provide acceptable evidence of having transferred and invested nominated funds or funds from the sale of nominated assets, into an acceptable investment for the category they are investing in (see BN7.10(b) and (c)), to the value of a minimum of:
      • NZD$5,000,000 if they are investing under the Growth Category; or
      • NZD$10,000,000 if they’re investing under the Balanced Category; and
   2. provide up-to-date contact details, including (if applicable) a New Zealand address at which they can be contacted after they arrive in New Zealand.

Notes:
- Principal applicants will have 6 months from the date of the approval in principle to transfer and invest the funds (see BN8.15) unless BN8.15.1 or BN8.20(e) applies.
- If the actual value, in New Zealand dollars, of the nominated funds and/or funds from the sale of nominated assets is higher than the valuation provided with the resident visa application then the principal applicant is only required to transfer the amount equivalent to the minimum investment amount to undertake the acceptable investments to be granted a resident visa.

Effective 01/04/2025