Invest in New zealand (2024)

FAQs

Can a foreigner invest in New Zealand? ›

If we approve your application for an investor visa, you have 12 months to transfer your funds to New Zealand and invest in an acceptable investment. Acceptable investments must: be able to make a commercial return. be invested in New Zealand.

New Zealand's thriving and stable economy and political system, creativity and innovation, ease of doing business and unmatched quality of life make it an attractive place to invest.

Invest in New Zealand

You must keep NZD $10 million invested in an acceptable investment in New Zealand for 3 years. We ask for evidence you have kept your funds invested at the end of the second and third years you are in New Zealand. You will have 3 months to provide the evidence.

The New Zealand Dollar (NZD) tends to strengthen during risk-on periods, or when investors perceive that broader market risks are low and are optimistic about growth. This tends to lead to a more favorable outlook for commodities and so-called 'commodity currencies' such as the Kiwi.

Overseas people usually cannot buy a house or land in New Zealand. If you have a residence class visa but you are not yet 'ordinarily resident', you can buy or build one home to live in as long as you get consent from the Overseas Investment Office before you buy.

If you're over 55, there are other options, and if you're looking to retire New Zealand actually offers two visa programs made specifically for retirees.

Stats NZ said in 2021 the top 1 percent of New Zealand households had net wealth - assets minus debts - of at least $7.59 million. That compares to median net worth for all households of $397,000.

New Zealand's thriving tourism industry fuels the demand for accommodation services, making it a key player in the country's economy. The influx of domestic and international tourists seeking memorable experiences has spurred investments in the accommodation sector.

To be granted as permanent resident you must have kept the investment for 2 years, spent significant time in the country, be committed to live in New Zealand, show ties such a permanent home and be able to speak English. After 5 years of residency, you may apply for citizenship.

How difficult is it to get citizenship in New Zealand? ›

From the day you apply for citizenship, you need to have been physically in New Zealand for most of the time over the last five years. The exact requirement is that you have been in New Zealand for at least 240 days in each year, and 1,350 days across the last five years.

If you wish to invest and settle in New Zealand, you may apply for an Investor Resident visa. You must be able to invest NZ$3,000,000 in New Zealand within four years.

US Dollar to New Zealand Dollar Exchange Rate is at a current level of 1.622, down from 1.630 the previous market day and down from 1.687 one year ago. This is a change of -0.52% from the previous market day and -3.83% from one year ago.

Minimum wage increased on 1 April 2024.

adult minimum wage has gone up from $22.70 to $23.15 per hour. starting-out and training minimum wage has gone up from $18.16 to $18.52 per hour.

Because the cost of living varies throughout New Zealand, the definition of a high income also varies. For example, $100,000 will not go far in Auckland or central Otago but could be considered plenty in an area like Southland. On top of this, income tax will also take a chunk out of your 100k salary.

Options for acquiring New Zealand citizenship by investment

According to the terms and conditions of the state programs, applicant should make a financial investment of at least NZ $3,000,000. The exact amount of investment depends on the chosen investment option.

Foreign investment is generally encouraged without discrimination. Some restrictions do apply in a few areas of critical interest including certain types of land, significant business assets, and fishing quotas. These restrictions are facilitated by a screening process.

If you're immigrating to New Zealand, or coming home to Aotearoa, you can apply online to open a New Zealand bank account while you're still overseas and then activate it when you arrive.