Temporary Retirement Visitor Visa Residencies Plan of New Zealand (Oceania)
Temporary Retirement Visitor Visa
You must be able to invest NZ$750,000 in New Zealand, and keep it for at least two years. To qualify, the investment must be made in lawful enterprises or managed funds, be able to make a commercial return, have the potential to contribute to the country’s economy, and has to be made in New Zealand Dollars (NZD).
The investment cannot be made in properties for personal use, such as a home, a boat or a car.
Usually, the investment can be made in one or a combination of:
- Bonds issued by the government or local authorities or firms traded on the New Zealand Debt Securities Market (NZDX) or firms with at least a BBB- or equivalent rating or registered banks or finance companies.
- Philanthropic investments.
- Equity in NZ firms (public or private) or registered banks.
- NZ eligible venture capital funds.
- Angel investor funds.
- Residential property development (if the purpose of the development is to make a commercial return and not for personal use).
- Commercial property.
In addition, you must have funds/assets of NZ$500,000 to live on, and an annual income of NZ$60,000.
You may include your spouse/partner in the application.
This visa allows you to stay 2 years in New Zealand. You can move your funds from an investment to another, provided that it still meets the above requirements. You cannot include your dependent children in the application.
After 2 years you may be eligible for a Permanent Resident Visa. The permanent resident permit will allow you to live and work indefinitely in New Zealand. 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. You may be required to attend an interview and have knowledge on New Zealand’s history, culture and values.
- You must be at least 66 years old.
- Evidence that you have the assets/funds to make the investment and to live on, such as bank statements, title deeds, property/assets valuations, shares certificates or business ownership documents.
- Evidence that the funds are earned lawfully, such as tax returns, pay slips, business shareholdings, business financial statements, dividends, receipts of property sales, bank certificates, shares trading profits or gifted or inherited money.
- Evidence of your income, such as a pension, earnings from rental properties, dividends from share portfolios, interest from investments, profits from owning a company or share market trading profits.
- Transfer your investment funds to New Zealand from your bank account to a New Zealand bank and make the investment during the first 3 months after the visa application is approved.
- Once the investment is made, provide documents from a trusted professional like a chartered accountant or solicitor confirming it.
- Have a chest x-ray and a medical examination as proof of your good health.
- Good character, not pose a security risk and not threaten New Zealand’s international reputation.
- Fit and proper person, all businesses you have influence over must have complied with all immigration, employment and taxation laws. You must have never been investigated by the Serious Fraud Office or the New Zealand police for any offense resulting from business dealings, you must have no convictions for an offense involving dishonesty and have never been involved in business fraud or financial impropriety.
No nationality is officially restricted
Dual citizenship is recognized in New Zealand. You are not required to renounce your previous nationality to become a citizen of New Zealand.
- Original and photocopy of passport
- Medical Certificate
- Original Police Clearance Certificate
- Evidence of language skills
- Original or Certified copy of Birth Certificate (if applicable)
- Original or Certified copy of Marriage Certificate (if applicable)
- Bank Statement
- Proof of assets
- Evidence of Business Background
- Statement of Source of Funds
- Proof of income
- Two passport-size photos
- dual citizenship Yes
- Family members included Yes
- land ownership Yes
- Physical residence required No
- Personal visit required No
- Language skills required No
- Interview required No
- Investment Single NZ$750,000
- Investment Family 4 NZ$750,000
- Minimum annual income NZ$60,000
- Time to citizenship 84
- Time to permanent residency 24
- Visa-free countries 172
- Financing available No
New Zealand is a country of Oceania and a member of the Commonwealth. It is located in the southwest of the Pacific Ocean and formed by two large islands: the North Island and South Island, along with many other smaller islands, standing out among them Stewart Island and the Chatham Islands. The Kingdom of New Zealand also includes the self-governing autonomous states of the Cook Islands, Niue, and Tokelau. It has a population of over 4.5 million inhabitants. The capital is Wellington, but its most populated city is Auckland, both of which are located on the North Island. Its official languages are English, Māori and the sign language of New Zealand. Its official currency is the New Zealand Dollar, which is one of the ten largest global transaction currencies.
- National Flag of:New Zealand
- Area Code:64
- Native Languages:English,
With your new passport from New Zealand you'll be able to access 172 countries visa freecitizenship benefits Become a citizen of a Commonwealth country Visa-free or Visa on arrival to 172 countries including United States Schengen Area United Kingdom Get one of the most valuable passport worldwide Passport with optimal reputation Visa-free access to the United States The right to live and work in New Zealand at all times Access to educational and healthcare benefits permanent residency benefits The right to live and work in New Zealand without any time limit Be eventually eligible for citizenship Access to healthcare and education system Peaceful democratic and politically stable country English speaking country Potentially profitable investment High quality of life Extremely safe modern and livable country
|processing fees main applicant||NZ$3|
|total fees main applicant||NZ$3|
Individuals who have a permanent place of abode in New Zealand or spend at least 183 days in any 12-month period are considered tax residents.
Tax residents are taxed on their worldwide income, while non-residents are subject to tax on their NZ-source income. Tax exemptions may apply for certain income accrued in NZ by non-residents.
New residents may be granted a four-year tax exemption on income accrued abroad.
Personal income is taxed at progressive rates up to 33%.
There is no capital gains tax, however certain gains derived from the sale of real estate may be included in the personal income tax base. Gains on financial instruments may be treated as ordinary income and taxed on an accrual basis. Rental income is taxed at standard rates.
Dividends are treated as ordinary income, but a tax credit for underlying tax paid may be available. Income derived from certain collective investment vehicles is taxed at progressive rates of 10.5%, 17.5%, and 28%.
New Zealand has enacted extensive controlled foreign company rules. The rules apply when five or fewer New Zealand residents directly or indirectly control more than 50% of a foreign company, or when a single New Zealand resident directly or indirectly controls 40%. Passive income of a CFC is attributable.
Apart from the CFC rules, there is a Foreign Investment Fund regime. This regime applies if the investor does not have a sufficient interest in a foreign entity for it to be considered a CFC. Under this regime passive income derived from foreign investments and retained in foreign entities may be taxable if certain conditions are met.
Local authorities levy real property taxes on the official value of the property. There are no transfer, inheritance and net worth taxes.
Goods and services tax is levied at a 15% rate, although certain supplies are tax-exempt.
Regarding corporate taxation, resident entities are subject to an income tax of 28% on their worldwide income. If you want to learn more about New Zealand’s corporate taxation, legal framework and tax treaties, check out incorporations.io/new-zealand.
|Net worth tax||No|
|Tax residency days||183|
|Personal income tax rate||33%|
|Capital Gains tax rate||33%|
|Investment income tax rate||33%|
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