Key Features

Growth Category

Balanced Category

Minimum investment amount (see BN6(a))

NZD $5 million

NZD $10 million

Acceptable investments (see BN7.10)

• Managed funds (BN7.10.10)
• Direct investments (BN7.10.15)

• Listed equities (BN7.10.1)
• Philanthropy (BN7.10.5)
• Property development (BN7.10.30)
• Bonds (BN7.10.35)

Applicants under the Balanced Category may also invest in Growth Category investments, being:

• Managed funds (BN7.10.10)
• Direct investments (BN7.10.15)

Time to transfer and invest (see BN8.15(a))

6 months from the date of Approval in Principle, with the option to request one 6-month extension

Section 49(1) conditions (see BN9.1)

• Retain investment for 36 months
• Spend a minimum of 21 days in New Zealand over the investment period

• Retain investment for 60 months
• Spend a minimum of 105 days in New Zealand over the investment period, unless eligible for a reduction as a result of placing funds above the minimum investment amount into direct investments or managed funds.

Section 49(1) investment retention checkpoints (see BN10.1)

• 24 months
• 36 months

• 24 months
• 60 months

Complete the investment questionnaire (see BN10.17)

At investment retention checkpoints (24 months and 36 months)

At investment retention checkpoints (24 months and 60 months)