BN8.20 Nominating additional funds and/or assets

1. The principal applicant may nominate additional funds and/or assets if:
   1. an approval in principle letter has been issued; and
   2. the nominated funds or the funds from the sale of nominated assets nominated in the resident visa application have been transferred to New Zealand; and
   3. the principal applicant has provided evidence that the funds have lost value in NZ dollar terms through currency exchange or due to unforeseen circumstances; and
   4. the principal applicant has provided evidence of the additional funds and/or assets within the first 6 months of the date of the letter advising of approval in principle
2. If the application was approved in principle to invest under the Growth Category, the principal applicant may nominate additional funds and/or assets to meet the minimum investment threshold of NZD $10million under the Balanced Category if the principal applicant has:
   1. determined that the available investment options into direct investments or managed funds under the Growth Category are unsuitable; and
   2. identified investment options under the Balanced Category investments that are more suitable, and are choosing to change the category for their investments; and
   3. contacted INZ within the initial 6-month transfer and invest timeframe to confirm they wish to instead invest in Balanced Category investments; and
   4. provided evidence of the additional funds and/or assets within the first 6 months of the date of the letter advising of approval in principle.
3. The additional nominated funds/or assets cannot replace the initial nominated funds and/or assets.
4. Additional nominated funds and/or assets are subject to all the requirements under these instructions, including ownership (see BN6.1) and lawful acquisition (see BN6.5).
5. Where additional nominated funds and/or assets are accepted, a business immigration specialist may extend the timeframe to transfer and invest to 12 months from the date of the approval in principle.

Notes: - For avoidance of doubt, the maximum timeframe for investing nominated funds or funds from the sale of nominated assets (see BN8.15) is 12 months from the date of approval in principle, and no further extensions may be granted beyond this.
-Once the resident visa has been issued, the principal applicant cannot nominate additional funds or assets.

Effective 01/04/2025