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The Overseas Investment Amendment Act 2018 is a New Zealand bill that amends the Overseas Investment Act 2005 to ban most non-resident foreigners from buying existing houses, [1] by classifying them as sensitive land and introducing a residency test.
Both resident visas and permanent resident visas give the holders the permanent right to be in New Zealand. However, they have different travel conditions. This article refers to the terms “resident” and “permanent resident” only in the scope of immigration purposes and describes the current situation based on the Immigration Act 2009.
An investment of €50,000 into a Latvian company, provided the company pays at least €40,000 per annum in tax will gain the investor a five-year residency after paying a one-off €10,000 fee to the government. The residency is renewable or it can be converted to permanent residency after four years of residency.
New Zealand has banned foreigners from buying property, a response to skyrocketing house prices across the nation. US celebrities, including former TV host Matt Lauer and Paypal co-founder Peter ...
Immigration New Zealand is an agency within the Ministry of Business, Innovation and Employment that is responsible for facilitating and regulating immigration, tourism, foreign students and workers, and foreign investment in New Zealand. Immigration NZ's other responsibilities include migrant attraction, visa facilitation, border protection ...
He used to live in a Hong Kong hotel before gaining New Zealand residency in 2010. Two years later, he was arrested but was released on bail. The website generated millions of dollars in revenue ...
The Overseas Investment Office is the New Zealand government agency responsible for regulating foreign direct investment into New Zealand. The Office is responsible for high value investments (2006: NZD $100m+), investments in sensitive land and investments in fishing quota .
German-born Dotcom, who has New Zealand residency, has been fighting extradition to the United States since 2012 following a FBI-ordered raid on his Auckland mansion. Kim Dotcom to be extradited ...