New Zealand · Residency by investment
Investor 1 and Investor 2 Resident Visas
Closed
Last verified July 2026
Closed to new applications on 27 July 2022 and replaced by the Active Investor Plus visa. Investor 1 required NZD 10m over 3 years; Investor 2 required NZD 3m over 4 years with an English requirement, an age cap of 65 and a points test. Nothing remains of these categories.
This programme is closed. We keep the page up because agents still
advertise it and clients still ask. Nothing below is available to new applicants.
Worth knowing because the presence rules ran the other way: the old categories demanded real residence and the new one does not. Families who were told 'New Zealand requires you to live there' were told something that was true in 2021 and has not been true since 2022.
Qualifying routes
3M NZD
Investor 2 (closed)
4-year hold, points-tested, age cap 65, English required — closed July 2022
10M NZD
Investor 1 (closed)
3-year hold, no points test — closed July 2022
The facts
- Minimum investment
- 3M NZD
- Total landed cost
- not applicable — closed
- Physical presence
- historic: 44 days per year (Investor 1) or 146 days per year (Investor 2) — far heavier than the AIP that replaced them
- Family
- not applicable — closed
- Permanent residency
- not applicable — closed
- Citizenship
- not applicable — closed
- Language test
- not applicable
- Dual citizenship
- Permitted
- Requirements
- not applicable — closed
What can go wrong
- Still listed as live on some advisory sites. It is not; it has been shut for four years.
- Passive-bond-style qualifying investment died with these categories. AIP Growth capital must be genuinely at risk.