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News and Selections

New Zealand Residence Programme - Investor (Investor 2 category)

News and Selections

Update from the Business Migration Branch (BMB) 13.6.2016:

Business Migration Branch is well positioned for the end of the financial year, with all targets met under the NZ Residence Programme.

One of the key highlights for the year is the Investor Policy, which has delivered over 620 "Approval in Principles" and it will be the first year since 2009 that the cap of 300 approvals would have been met (currently 275 as at 8.6.2016).

 

Wednesday, 11 May 2016

A selection of Expressions of Interest (EOI) under the Migrant Investment Category, Investor (Investor 2 category), took place on Wednesday, 11 May 2016.

20 EOIs were selected from the EOI pool which claimed between 78 and 85 points.

The following table provides an indication of remaining EOIs in the pool after the draw has taken place.

< 60 pts61-6465-6970-7475-7780-8182-89> 90
13 3 11 8 12 0 0 0

Total number of EOIs remaining in the pool = 47

The next draw will be on 25 May 2016.

Note: EOIs accepted in October 2015 are now being withdrawn from the EOI Pool as they have failed to be selected from the EOI Pool after 6 months (as per Immigration Instructions).

 

Wednesday, 2 March 2016

A selection of Expressions of Interest (EOI) under the Migrant Investment Category, Investor (Investor 2 category), took place on Wednesday, 2 March 2016.

11 EOIs were selected from the EOI pool which claimed between 80 and 91 points.

The following table provides an indication of remaining EOIs in the pool after the draw has taken place.

< 60 pts 

60-64 

65-69 

70-74 

75-79 

80-81

82-89

> 90 

5

6

6

6

19

0

0

0

Total number of EOIs remaining in the pool = 42.

Note: EOIs accepted in September 2015 are now being withdrawn from the EOI Pool as they have failed to be selected from the EOI Pool after 6 months (as per Immigration Instructions).

Previous Selection Results: 

A selection of Expressions of Interest (EOI) under the Migrant Investment Category, Investor (Investor 2 category), took place on Wednesday, 20 January 2016.

13 EOIs were selected from the EOI pool which claimed between 82 and 100 points.

 The following table provides an indication of remaining EOIs in the pool after the draw has taken place.

< 60 pts 

60-64 

65-69 

70-74 

75-79 

80-81

82-89

> 90 

15

10

10

15

22

22

0

0

 Total number of EOIs remaining in the pool = 94.

Note: EOIs accepted in June 2015 are now being withdrawn from the EOI Pool as they have failed to be selected from the EOI Pool after 6 months (as per Immigration Instructions).

A selection of Expressions of Interest (EOI) under the Migrant Investment Category, Investor (Investor 2 category), took place on Wednesday 11 November 2015.

15 EOIs were selected from the EOI pool which claimed between 82 and 111 points.

The following table provides an indication of remaining EOIs in the pool after the draw has taken place.

< 60 pts 

60-64 

65-69 

70-74 

75-79 

80-84

85-89

> 90 

31

23

42

68

45

13

0

0

Total number of EOIs remaining in the pool = 222

Note: EOIs accepted in April 2015 are now being withdrawn from the EOI Pool as they have failed to be selected from the EOI Pool after 6 months (as per Immigration Instructions).

 

Slowdown, what slowdown? Auckland street sees two $1m houses sell for more than $2m each.

Pundits are still debating whether there’s been a plateau or slow-down in the Auckland property market over the past month — and the impact of the looming measures to dampen local and offshore investors, the first of which kick in today.

NBR - THURSDAY OCTOBER 1, 2015 

Hamilton beats Auckland's quarterly house price gain as boom spreads

New Zealand house values rose at their fastest annual pace in more than eight years, as demand for Auckland housing overflowed to nearby regions, with Hamilton prices jumping 9 percent over the past three months, according to Quotable Value.

THURSDAY OCTOBER 1, 2015

Investing for people, investing for growth

Wellington: Smart Capital by Celia Wade-Brown, Mayor of Wellington

"Wellington is a creative and smart Capital and we’re committed to making our city more attractive to live, work, play, study and invest in. For the next decade and beyond, our Long Term Plan will accelerate growth and jobs in our socially and environmentally sustainable city; deliver projects to improve transport choices, inject real economic progress and keep Wellington a wonderful, diverse place to live.

With our thriving tourism sector and increasing economic confidence, Wellington’s a smart choice to invest in. As a Smart City we collaborate with businesses and our communities, using new technologies and open real-time data to make the city safer and more liveable.

Investing in good transport choices, we’ve allocated millions with central government for a network of cycleways, safer walking routes for children, and we’ll implement high-frequency, low emission quality public transport. In the compact Capital you can walk from meeting to meeting with ease – and get good coffee.

The proposed airport runway extension will substantially increase Wellington’s economic growth, enabling aircraft to fly direct from Asia and North America, connecting us with the markets that provide significant opportunities in education, produce and innovation.

We host world-class events which attract people to the city, including WOWTM, the NZ Festival, Fringe, CubaDupa, the Sevens, Wellington on a Plate, Matariki and many more. We’re rejuvenating our public spaces with exciting projects such as the Victoria Street transformation and laneway revitalisation. We’re harnessing the best of Wellington for a cleaner, smarter future, including our wind – generating over 200MW of wind energy to help reduce the Capital’s emissions.

We’re proud to support businesses working for good and we believe in the opportunities of a cleaner, greener future.

The Wellington City Council strives to make living, studying and investing in Wellington a great choice."

Absolutely Positively - an initiative by Wellington City Councilpage2image169120page2image169280page2image169440page2image169600page2image169760page2image169920page2image170080page2image170240page2image170400page2image170560page2image170720page2image170880page2image171472page2image171632page2image171792page2image171952page2image172112page2image172272page2image172432page2image172592page2image172752page2image172912page2image173072page2image173496page2image173656page2image173816page2image173976page2image174136page2image174296page2image174456page2image174616page2image174776page2image174936page2image175096page2image175256page2image175416page2image175576page2image175736page2image175896page2image176056page2image176216page2image176376page2image176536page2image176696page2image176856page2image177016page2image177176page2image177336page2image177496

Wellington City Council recently passed a multi-billion dollar, 10-year, no-cuts, no-service- reductions plan; a plan focused on people and growth. 

Building on success In the past 10 years, the Council has invested in city infrastructure and services for the community. While the key spending priority has been on infrastructure, there have been big increases in spending on community sport and recreation facilities, tourism promotion and events. In the coming years, we are continuing to focus on strong, resilient infrastructure, but we will also invest for economic growth by establishing a programme of major projects and working in partnership with the private sector, the Government and others in the region.

By focusing investment in this way, we can:

• Retain our high quality of life and excellent services.

• Achieve a real transformation of Wellington’s economy, create opportunities for future investment, jobs for our people and improved quality of life.

Investing for growth

Though Wellington offers outstanding quality of life, its economy has considerable untapped potential.
A stronger economy means jobs, prosperity and more opportunities for all Wellington residents.

Growing the city’s economy is about:

• Making all residents more prosperous, so they can reach their potential and live enjoyable and fulfilling lives.

• Attracting new skilled migrants to live, work and establish businesses in the city.

• Providing a wider range of opportunities so residents have a choice of jobs, creative or business opportunities.

• Providing more entertainment and leisure opportunities and a wider range of attractions.

• Releasing capital to invest in a higher quality of life for all, a stronger environment and increasing the city’s capital value. A bigger rating base means the costs of rates are spread across more people, making them more affordable.

September 2015

New Zealand's economy bounced back in the second quarter.

After one-off factors dented growth in the first three months of 2015,  the recovery masks weaker underlying growth, reflecting the impact of low dairy prices, falling business investment and subdued trading partner demand.

Gross domestic product grew 0.6 percent in the second quarter, according to a Reuters survey of forecasts ahead of Thursday's release of the official measure by Statistics New Zealand. That is triple the pace of the first quarter, when drought curbed milk production in the South Island and mining output was affected by a shutdown of the Tui field off the Taranaki coast to connect the Pateke-4H well.

Monday Sep 14, 2015

Excerpt from a recently published KPMG analysis:

The reality is, we rely on foreign capital to fund our way of living. New Zealand simply couldn't function as the first world country we are accustomed to, without it. 

But that doesn't mean we shouldn't be smarter about the kind of investment we are encouraging in this country.

While the issues around foreign investment are far from simple, there is good cause for targeting a simple goal.

Let's ensure we are attracting the kind of investment that creates new wealth and new jobs and helps diversify New Zealand's economy. 

New Zealand is a great place to live, with fantastic economic prospects and can therefore afford to be more prescriptive about the way it requires migrants to invest when they settle here.

KPMG's analysis points out that the existing migrant investor regime has attracted nearly $4 billion in just six years.

But it finds that some 80 per cent of the investment is going into safe, passive places like government bonds.

Canada and Australia already have requirements for a percentage of new migrant investment to be placed in risk category investments - like growth funds or direct investments.

Set at just a 10 per cent requirement, that could have resulted in $400 million of capital into NZX-listed companies, venture capital or angel investments over the past six years.

New Zealand is blessed with a wealth of smart young entrepreneurs, tech-savvy business people looking to take on the world. But our investment sector at the venture capital and angel stage has long battled to attract the capital required.

In a market our size, $400 million would have represented a huge boost and been a big driver for the expansion of companies which will provide jobs for the next generation of New Zealanders, including the children of new migrants.

There is opportunity now, while migration trends are on our side, to tweak official policy around this. Let's hope the Government is prepared to take a serious look at the work KPMG has done.

The NZ Herald

Migrant investment could help push NZ forward

Andrew Hamilton, chief executive of business incubator The Icehouse argues that wealthy investor migrants should be required to put money into areas that will better help the New Zealand economy.

The Icehouse is supporting a campaign to change the investor migrant regulations because it makes plain sense. The existing regime has on one hand been highly successful, and has attracted just under $4 billion of funds over just 6 years.

However over 85% of these funds are just sitting in bank accounts and bonds, hardly aligned to the capital needs for our country as we continue to compete on the world stage.

We recommend to start with that at least 10 percent of wealthy migrant capital should be placed into growth investments, such as angel investment, venture capital or private equity growth funds.

The NZ Herald, Monday Sep 14, 2015

New Zealand Residence Programme - Investor (Investor 2 category)

Wednesday, 15 April 2015

A selection of Expressions of Interest (EOI) under the Migrant Investment Category, Investor (Investor 2 category), took place on Wednesday 15 April 2015.

18 EOI’s were selected from the EOI pool which claimed between 70 and 75 points.

The following table provides an indication of remaining EOI’s in the pool after the draw has taken place.

< 40 pts

40-44

45-49

50-54

55-59

60-64

65-69

> 70

10

17

22

40

33

50

31 

0

Total number of EOI’s remaining in the pool = 203

Wednesday, November 19, 2014

Change to selection process for Investor 2 applications

Until recently, Immigration New Zealand (INZ) has been able to select all Expressions of Interest (EOI) from the Investor 2 category pool in order to fulfil the existing cap of 300 application approvals. However, because of growing interest and increased numbers of EOIs in this category, this approach is no longer sustainable.
Clarification to immigration instructions come into effect on 27 November to reflect that only the highest scoring applications will be selected from the pool in order to fulfil the existing application approval cap. The pool draw will continue to take place every second Wednesday and pool draw details, including the number of EOIs and points range selected, will continue to be published in the Latest News section of the INZ website.

Read more about investing in New Zealand
Read about Investor Visas  

Ask our Business and Investor Migration Expert

If you want to find out more about investing in New Zealand, contact Dr. Carsten Hallwass, the Business and Investor Migration Adviser in our team.

Contact Dr. Hallwass