For New Zealand investor visas, growth Investments are acceptable investments that are capable of making a commercial return, it can be invested in New Zealand dollars, legal enterprises or managed funds; it must have the potential to contribute to New Zealand's economy and should not be for your personal use, for example, your home, boat or car. For the purpose of growth investments, convertible notes are considered to be bonds. For investor 1 visas, if you invest a minimum of NZ$2.5 million in growth investments you must spend only 88 days in New Zealand over the 3-year investment period. If you invest a minimum of NZ$750,000 in growth investments for the Investor 2 Resident Visa, you need to spend only a minimum of 438 days in New Zealand over four years from when you first arrived in New Zealand as a resident, and you may also qualify for 20 bonus points. If you invest a minimum of NZ$1.5 million, you will qualify for a reduction of NZ$0.5 million from your nominated funds of NZ$3 million. However, bonds, and philanthropic investments are not considered as growth investments. If you are investing in a new development, commercial property, although it may be considered as growth investment, you need to take appropriate approvals from regulatory authorities, for example, the council or territorial authority must have approved the property and must have given any required consents.
Immigration New Zealand has defined what acceptable investments are for the investor programs. Growth investments are essentially all acceptable investments, except bonds and philanthropic investments.