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What is the process of renewing the resident visa as a participant of New Zealand’s residency-by-investment program?

I received my New Zealand resident visa three years ago through an investment of 3 million New Zealand dollars. My current visa will expire next May. What is the process of renewing it? When and how should I start the renewal process? What are the requirements and risks?

  • NAA Immigration and Education Ltd
    April 22, 2019

    Generally, your resident visa will be subject to Section 49 conditions (see Immigration Act 2009). The two most common conditions you should meet are: evidence of you retaining the investment funds in the approved options; evidence that you meet the minimum time spent in New Zealand for the last three years of your investment periods; within three months of the two-year anniversary of the investment period, the principal applicant submits evidence that they are retaining an acceptable investment in New Zealand; and within three months after the expiry date of the investment period, the principal applicant submit evidence to INZ that they have met requirements (a) and (d) if applicable. You may want to contact your lawyer or licensed immigration adviser to organize it for you. Otherwise, you should have the contact details of your immigration officer who should be in touch with you before your current visa expires.

  • Global Immigration Services NZ
    April 26, 2019

    If you meet the conditions after the investment period ends, you should apply for removal of the section 49 conditions and then apply for the permanent resident visa. There are too many requirements to answer briefly. I suggest that you use assistance of an immigration professional.