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London, United KingdomSun Nov 19 07:38am
Migration Matters Newsletters


Date: 2007-09-13

New Active Investor Migrant Category to replace the old Investor Policy for New Zealand


NEWSLETTER HEADLINES
 

Migration Newsletter
 

Changes to the Australian General Skilled Program
 

Australia - New English Language requirements for Temporary Business Subclass 457 visa
 

Australia - A number of trade occupations for certain countries are now assessed by VETASSESS
 

Australia - Removal of Skill Pathway D from TRA skills assessment (work experience only pathway)
 

Australia - Updated Migration Occupation Demand List
 

Australia - Repeal of the Subclass 471 (Trade Skills Training) visa and sponsorships
 

Australia and the United States strike Work and Holiday deal
 

New Zealand Seasonal Work Permit policy – changes to the list of regions of absolute labour shortage
 

New Zealand Skilled Migrant Residence policy changes
 

New Zealand Temporary Entry policy changes
 

New Zealand updated Long Term Skill Shortage List and the Immediate Skill Shortage Lists
 
 
Immigration New Zealand ceased accepting Expressions of Interest (EOIs) under the current Investor Policy on 31 July 2007. The new Active Investor Migrant Category, which replaces the Investor Policy, will be implemented in November 2007.

Immigration New Zealand outlines the details of the new Active Investor Migrant Category as follows:

The new Active Investor Migrant policy is divided into three sub-categories:

* Global investors
* Professional investors
* General (Active) investors.

The three categories have been segmented on the basis of the migrant’s potential contribution and according to the level of risk.

The category investors apply under will depend on their potential to contribute to New Zealand in financial and human capital, the amount of investment and the activeness of that investment. Investment must be active or semi-active (having money in a bank account will not meet the policy requirements, nor will investment in residential property development).

The three tiers are:

* Global Investors – top priority category for high value investors investing $20 million (including at least $5 million in active investment).
* Professional Investors – a second priority category for migrants investing $10 million (including at least $2 million actively).
* General (Active) Investors – a category for those investing a minimum of $2.5 million. Applicants selected through a points system.

The General (Active) investor category will be a points based system to prioritise migrants on the basis of their potential to contribute to New Zealand businesses. The points system will recognise:

* the importance of having both financial and human capital
* the benefit of active investment
* the value of export linkages, technology transfer, entrepreneurship and management skills.

The government has set an annual cap on the number of places available under the Active Investor Migrant policy at 1000 people (around 300 applications). Global and Professional investors will be selected first and the remaining places will be available to the General (Active) investor category.

Source: Immigration New Zealand




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