BN10.10 Retention of acceptable investment

1. The principal applicant must retain their investments in acceptable investments and on-call investments in New Zealand during the investment period as required by the conditions of their resident visa.
2. Suitable evidence must include documentation from an external and reputable professional (for example, a solicitor or chartered accountant, bank and/or investment broker, or financial advisor) stating:
   1. the full name of the principal applicant (and, if jointly owned, the secondary applicant); and
   2. the amount invested in New Zealand dollars; and
   3. the date the investment was made; and
   4. the type of investment (in the case of shares or bonds, the names of the companies invested in, and the number of shares or bonds purchased must be listed); and
   5. confirmation that the funds were invested in New Zealand for the full investment period or, if transferred, the date of lodgement and withdrawal of the investment.
3. If the principal applicant has made investment transfers as set out in BN9.5 during the investment period, the principal applicant must provide evidence as set out in (b) above for every investment transfer.
4. A business immigration specialist may request any other information in order to be satisfied that the requirements have been met.
5. Evidence that the requirements have been met includes:
   1. submission of the evidence no later than three months after the first 24 months and the expiry date of the investment period (being 36 months for Growth Category investors and 60 months for Balanced Category investors); and
   2. subsequent written confirmation on file (by a business immigration specialist) that the investment requirements have been met; and
   3. upon the conclusion of the investment period, removal of the relevant condition imposed on the resident visa under s49(1) of the Immigration Act.
6. The principal applicant will be considered to have retained their funds in acceptable investment if a portion of the funds are withdrawn for the purpose of paying tax to the Inland Revenue Department (IRD) and/or investment fees in relation to the acceptable investment, provided the principal applicant can demonstrate they have not received capital as a result of this withdrawal.

Effective 01/04/2025