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Unlike Australia and many other countries, New Zealand
allows the applicant to choose his or her own investment
options with only a few limitations. Any investments should
have the potential for commercial return and not be for
personal use; be invested in New Zealand in New Zealand
dollars; be compliant with relevant laws; have the potential
to contribute to the New Zealand economy; and be in one
or more of the defined “acceptable investments.”
The acceptable investments include residential real
estate development, commercial real estate, bonds,
company equity (private and public), managed funds,
venture capital funds, philanthropic investments, and
“angel fund and network” investments. Due care should
be taken if investing in managed funds with international
components, as only the portion of the fund invested
in New Zealand companies can be considered an
acceptable investment.
The option to invest in residential real estate is an attractive
option for many applicants. Auckland, the largest city in New
Zealand, is facing a housing shortage, with a current shortfall
of more than 44,000 residences. Developers are struggling
to meet this demand. The largest apartment developer in
Auckland is Conrad Properties Group, and while they have
completed more than 4,000 apartments, with more than 800
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