Luxury Real Estate

Courtesy of Terry Spice of RE/MAX High Country Realty, New Zealand

Changes to New Zealand business migration laws, due to take effect at the end of November, is good news for those seeking residency in New Zealand.

Reported in the New Zealand Herald, more than 12,000 people have registered their interest under the new Entrepreneur Plus immigration category, which offers a fast track to residency for those who invest $500,000NZD in their NZ business and create three fulltime jobs.

The Investor category offers residency to applicants looking to invest and maintain $1.5M NZD to $10M NZD in New Zealand over three to four years. Immigration NZ lists their five preferred areas of investment as: existing business, commercial or investment property, education and training, professional, scientific and technical services and tourism.

These new immigration policies offer a wonderful opportunity for those seriously looking to expand their portfolios in a secondary country of residence. Investing in New Zealand offers financial benefits such as: No capital gains tax, no financial transfer tax, generous depreciation rates and no wealth or death duty.

For further information or discussion contact:

@: terry.spice@highcountryrealty.co.nz I t: +64 21 755889