In June 2016 Australia changed the investment migration program to include venture capital to direct funds into areas which needed access to capital. Our friends across the ditch are also looking to have investments directed into growth assets rather than government bonds with final changes to their investment migration program due to be announced on 22 May 2017.
Australia’s investor visas are set at AUD 5M for the Significant Investor Visa (SIV) and AUD 15M for the Premium Investor Visa (PIV). New Zealand has an NZD 10 M Investor Plus program and are set to double the NZD 1.5M Investor program, but will give a reduction to NZD 2.5M (AUD 2.2M) to those that elect to invest half in growth assets.
The Australia program is very prescriptive in the management of the underlying assets within tight constraints, while in New Zealand complying investments can be in NZ shares either held directly or via a managed fund as well as NZ debt securities, and venture capital. In addition to commercial property, new residential real estate developments which meet the parameters of the NZ Immigration program can also be used as part of the growth asset component.
Bear in mind the Investor 2 visa, unlike Investor Plus does have an age limit of 65, English language requirement, and requires more days to be spent in New Zealand but the granting of NZ citizenship has been reduced to just one year after the 4 years holding period to permanent residency (3 years for Investor Plus).
With strong economic growth, a safe environment and clean air and good education system, New Zealand is understandably popular with those seeking a relaxed lifestyle for their families.
For a summary of the current and proposed NZ Investor Visa rules check out the comparison document: Investor Factsheet interim for use prior to May 2017.
For more information on investment migration to Australia and New Zealand contact Stacey Martin, Founder of Expat Advisors Community here.