WHY NZ > Overseas Buyer Rules
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Buyer RulesNew Zealand has a few rules controlling the purchase of property from overseas buyers. We are not licensed Overseas Investments consultants and encourage you to obtain financial advice specific to your circumstances. For information purposes only, in order to provide a brief outline of some of the rules we have listed some of the basic ones below: Overseas buyers cannot in general buy coastal property -ie beachfront etc. Overseas buyers cannot in general buy farm land. For those wanting to immigrate to NZ, a significant investment into the country can assist and is sometimes required as a condition of immigration. Listings on this site capable of producing income are listed here. Some sales will be subject to review by the Overseas Investment Office.
The comments below have been provided by Golian Consultants - Immigration Consultants summarised as follows for any Business : 1. The applicant is encouraged to enter into a Business venture in NZ in which they already have Business experience. Immigration NZ (INZ) will be quite strict on an applicant who is investing a small amount ( that is less than NZ$1 Million). This is to ensure that the applicant is successful in his Business Venture to NZ. The basic objective of the NZ Immigration policy is to get investors in NZ who can benefit the economy either by creating employment or getting new skills that will contribute to the growth of the economy in NZ. 2. A prospective principal applicant is expected to be have an acceptable level of English if he/she is not from a English speaking background than IELTS test score ( this is a British council exam) of average 5 is required. 3. Long Term Business Visa is approved for three years. If approved than the Spouse is granted an open work permit for the same period and the children are granted student permit without having to pay the International Student fee at the Primary and Secondary schools. 4. Applicants are expected to satisfy the following requirements : 4.1. Have an acceptable Business Plan for the Proposed Business in NZ. 4.2. Must have Business or Management level experience to satisfy INZ that they have the necessary expertise to go into the proposed Business. 4.3. Must have access to funds for the proposed Business and maintenance of family in NZ for the period for which the Visa is granted. 4.4. Must have knowledge of the NZ Market for the Business which the applicant intends to operate in NZ. 5. Applicants are expected to meet the Health and Character requirement. The above is only a brief summary of Long Term Business Visa to NZ. An Immigration Consultant will assess and advise clients on individual cases after looking at their background.
You must obtain financial advice specific to your circumstances. The Overseas Investment Office can be found here |