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Investing in emigration
In June this year Immigration New Zealand (INZ) released preliminary details regarding the new Active Investor Migrant Category, scheduled to be introduced in November
Whilst the policy itself is essentially a final draft, the direction of the policy is quite clear and, apart from presumed minor cosmetic changes, the New Zealand Government has set a firm three-tier focus for attracting active investors to New Zealand. The major reason for the shift in focus in Investor policy is that the current policy introduced in 2005 failed to attract anywhere near the amount of investors initially envisaged. In terms of the investment requirement the policies simply failed to connect investors to the private sector where it is now acknowledged by the government that such a connection is more likely to utilise the human and financial capital of the investor to support New Zealand's long term economic growth.
The following points are of interest:
Semi Active and Active Investment: The investment required under all three tiers has shifted away from more passive investments that require less commitment/connection and therefore lower return, such as Term Deposits to investments that are semi active or active.
In relation to semi active investment, INZ has determined that these investments include managed funds, and minor shareholding.
In relation to fully active investments, these have been determined by INZ as major shareholding, being a partner in a business and/or a sole proprietor of a New Zealand business.
It should also be specifically noted that funds are not able to be invested in residential property (including apartments), even if these are sound investment opportunities capable of providing a commercial return.
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