BN10.15 Minimum period of time spent in New Zealand

The principal applicant is considered to have met the time in New Zealand requirement if they have been in New Zealand as a resident for the length of time specified in BN9.1.5(b) or BN9.1.10(b).

BN10.15.1 Balanced Category investors eligible for a reduction of time spent in New Zealand

1. Principal applicants who invest a minimum of NZD $10 million in Balanced Category asset classes may be eligible for a reduction of time spent in New Zealand by investing additional funds in direct investments or managed funds that have been deemed acceptable Growth Category investments by NZTE (see BN7.10(b)).
2. For each NZD$1 million invested in NZTE approved direct investments or managed funds beyond the NZD$10 million invested in Balanced Category investments, the principal applicant may be eligible for a reduction of 14 days (to a maximum reduction of 42 days). The time spent requirements based on the total nominated NZD is outlined in the table below:

   Minimum nominated NZD	Time spent in New Zealand
   $10 million	105 days
   $11 million (with at least $1 million placed into direct investments and/or managed funds)	91 days
   $12 million (with at least $2 million placed into direct investments and/or managed funds)	77 days
   $13 million and above (with at least $3 million placed into direct investments and/or managed funds)	63 days

3. To be eligible for the reduction of time spent in New Zealand, principal applicants must include these funds in their nominated funds prior to their application being approved in principle.
4. These funds must be retained for the full 60-month investment period.

Note: Applicants must meet either the NZD $1, $2 or $3 million threshold required to be eligible for the associated reduction of time spent in New Zealand.

Effective 01/04/2025