|
New Zealand generally welcomes and encourages foreign investment from anywhere in the world.
Off-shore investors in New Zealand property do not require Government (Overseas Investment Office, O.I.O.) consent to acquire urban property. Urban Property is property that is used for commercial, industrial or residential purposes; and is not used principally or exclusively for any type of farming.
Instances when an overseas investor will need to seek consent from the Overseas Investment Office when acquiring New Zealand property include :
- Property (other than the above urban property) such as, lifestyle, farms, etc, which exceeds 5 hectares (12 acres) or where the purchase price exceeds NZ$10 million
- Where the property exceeds 0.4 hectares (one acre) and adjoins sensitive property (for example, reserves and conservation, historic or heritage areas, etc.)
- Where the property exceeds 0.2 hectares (half an acre) and adjoins a foreshore
- Where the property is or forms part of an island.
- Further, the property must first have been on the open market for a period of no less than 20 days within the past 12 months.
More information on the Overseas Investment Office
More information on New Zealand Immigration
|
