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How do I transfer my money into New Zealand once my Investor 2 application is approved?

As an investor from Qatar, what are my options for transferring my money to New Zealand to make my investment? I am not sure if there will be issues considering the embargo and potential difficulties in using the banking system to conduct the transfer. Also, how long does approval of the visa normally take?


Answers
  • April 16, 2018

    The investment does indeed need to be transferred to New Zealand via the banking system. I do not have experience with transfer of funds from Qatar, so I don't have any additional information specifically related to Qatar. The processing time for investor 2 applications is approximately two months at the moment. After the approval in principle, you have 12 months to transfer your funds to New Zealand.

  • A1 Immigration Services Limited
    April 15, 2018

    The nominated investment funds must be transferred through the banking system directly from the principal applicant's bank account(s) to New Zealand. Or it can be transferred by a foreign exchange company to New Zealand through the banking system. Business immigration specialists may not accept the transferred funds if the applicant cannot provide satisfactory evidence of the following: the nominated investment funds have been transferred to the foreign exchange company directly from the principal applicant’s bank account(s); the nominated investment funds have not been transferred through the foreign exchange company contrary to the laws of New Zealand; nominated investment funds transferred are traceable; cash transactions were not made; and the foreign exchange company is not suspected of, or proven to have committed, fraudulent activity or financial impropriety in any country it operates from or in. The time taken to approve in principal a residence application varies from two to nine months, depending on the individual circumstances of the applicant.

  • NAA Immigration and Education Ltd
    May 04, 2018

    Some of the investment schemes approved by Immigration New Zealand may offer assistance in the money transfer. You can choose to invest in one or more of the following: bonds issued by the New Zealand government or local authorities; bonds issued by New Zealand firms traded on the New Zealand Debt Securities Market (NZDX); bonds issued by New Zealand firms with at least a BBB or equivalent rating from internationally recognized credit rating agencies (for example, Standard and Poor's); equity in New Zealand firms (public or private, including managed funds and venture capital funds); bonds issued by New Zealand registered banks; equities in New Zealand registered banks; residential property development(s) or commercial property, bonds in finance companies, eligible New Zealand venture capital funds, philanthropic investment; angel funds or networks investments. The investor two visa application may take up to eight months to process.