The second blog is really pretty hot off the press, having been posted on Wednesday this week (5 October). I felt it was important to get some potential pitfalls and misconceptions out in front of people sooner rather than later.
First: Residence applicants must move all their funds for future investment into NZ within 6 months of their application being Approved in Principle. The Government's comms gave the impression that people would have 3 years to bring their money over.
Nominated funds must be put either directly into Acceptable Investments (e.g., Managed Funds), or into Holding Investments such as Government bonds until the investor is ready to move them into the final set of Acceptable Investments.
Second: It would be wise to plan ahead when starting the process, to nominate and transfer somewhat more than the bare amount of investment which you intend to make. Failing to allow some leeway could result in finding oneself in a dead-end further down the line, and losing Residence entirely.
This last point is something to discuss with your financial adviser, and with us at Laurent Law as immigration specialists. It might be time to
schedule a meeting now.
