11 March 2010
 

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NZAMI Conference 2010 - Age of Professionalism

12 January 2010The Conference will be held at Sorrento, One Tree Hill, on Friday 30 July 2010. The Minister of Immigration, Dr Jonathan Coleman, will once again be our keynote speaker with other high profile speakers. Please mark your diary. More information will follow in due course. ...

NZAMI Conference 2010 - Age of Professionalism

12 January 2010

NZAMI Seminar - The Revised Immigration Act & BMB Update

12 January 2010The seminar will be held on 19 February 2010 from 1:00pm. PLEASE NOTE CHANGE OF VENUE:Rooms 2&3, Waipuna Conference Centre, 58 Waipuna Road, Mt Wellington, Auckland. Jeremy Hubbard ...

NZAMI Seminar - The Revised Immigration Act & BMB Update

12 January 2010

of Massey University will explain in detail the changes in the Act and highlight the ramifications of the changes. Business Migration Branch managers will update you on policy and best practice. For more details, please click on the Seminars/Events tab.

NZAMI 20th Anniversary

09 December 2009NZAMI proudly celebrated its 20th Anniversary on Friday 27 November 2009. ...

NZAMI 20th Anniversary

NZAMI 20th Anniversary
09 December 2009

NZAMI proudly celebrated its 20th Anniversary on Friday 27 November. A number of the Association’s founder members attended and the Board took the opportunity to acknowledge and thank them for their contribution. NZAMI would not exist today if it were not for the efforts and dedication of these people. Roy Middleton, Rod Trott, Lily Kok, Ron Moncur, Ted Legget, John Holmes, Jimmy Lee and Ming Tiang, all members since 1990, attended, as well as past Chairmen, Roy Middleton, Bill Milnes and Richard Howard.

Special awards were presented to Roy Middleton, co-founder of NZAMI & founder Chairman, to Lily Kok, NZAMI’s longest serving office bearer, who served for 19 years as Treasurer, and posthumously to Keith Downs, who served as Secretary for 15 years.

NZAMI Chairman, Coral Wong, opened the formal proceedings by saying that the NZAMI was formed by a group of far sighted immigration advisers who saw the need for an association which would work to raise industry standards, lobby government on immigration policy and look after prospective migrants’ interests.

Members were honoured to host Associate Minister Kate Wilkinson as their special guest. In her speech, Minister Wilkinson spoke of the importance of immigration to the development of New Zealand and she acknowledged the important role that NZAMI has played in the immigration industry.

Founding Chairman of NZAMI Roy Middleton’s message at the first NZAMI conference is as relevant now as it was then: ‘We have to open up this country of ours to more people to get an economy of scale, to defeat the tyranny of distance, to fulfil the vision of our founders by entering into a genuine partnership of all stakeholders, or face the consequences’. Click here to read Roy’s speech

Welcome to the NZAMI Website

02 October 2009If you are planning to come to New Zealand to visit, work, set up home or play, our website will help you find a professional immigration adviser or service provider to ensure your plans become a reality. ...

Welcome to the NZAMI Website

02 October 2009

Welcome! The NZAMI currently has 140 practising members, who are either immigration advisers or immigration lawyers, and 60 Associate members.  Our ‘Find an Adviser’ search page will allow you to create a shorter list of members according to your specific requirements, such which visa/permit you need assistance with, or the language you would like your adviser to speak. You will be able to click on their individual names, read their profiles and link directly through to their websites. You can conduct your research quickly and easily, knowing that you are accessing fully professional advisers and that you are protected by their relevant governing bodies.  I encourage you to find out more about the Association by clicking on the ‘About NZAMI’ tabs and reading the FAQs. Our comprehensive list of links offers you the best websites relating to settlement matters.  If you have any unanswered questions, please contact us through our Inquiry Form.

The site also offers information to visitors who are interested in becoming members or attending our comprehensive CPD seminars – registration for our programmes can be done from this site.

The NZAMI fully supports the licensing of immigration advisers and is proud to have played an active advisory role in the development of the licensing process. Licensed advisers who wish to belong to a professional body choose to become members of the NZAMI, which is New Zealand’s premier professional association for the immigration industry. We trust that you will derive great benefit from our site.

Coral Wong – NZAMI Chairman

Conference 2009

25 August 2009The Minister of Immigration, Dr Jonathon Coleman, was the keynote speaker at The NZAMI Conference held at Waipuna Hotel on 31.07.09...

Conference 2009

Conference 2009
25 August 2009

The Conference was held at Waipuna Hotel on July 31 2009. Keynote speakers were the Minister of Immigration Dr Jonathon Coleman, the IAA's Registrar Barry Smedts, Jan Clark of the Department of Labour, and the Director of Working In, Scott Mathieson.

Conference topics included:

The Registrar, Immigration Advisers Authority, Barry Smedts - An update on licensing and the future.

The Acting Deputy Secretary, Department of Labour (Workforce), Jan Clark - The business of INZ and current operational challenges and changes planned for the coming year.

The Director, Working In, Scott Mathieson - Marketing New Zealand immigration overseas, current trends and expectations for the future.

Chief Economist, ANZ National Bank, Cameron Bagrie - The impact of migration on the New Zealand economy.

The Minister of Immigration, Hon Dr Jonathon Coleman - The Auditor General’s report into Immigration New Zealand. The Government’s immigration policy priorities and opportunities to use immigration to contribute to New Zealand’s economic recovery.

IMSED Research Team, Department of Labour, Robert Hodgson & Anne-Marie Masgoret - 1) Migration trends of interest to the immigration advisory profession and an update on adviser lodged application statistics 2) Findings from recent longitudinal research on migrants.

New Zealand Sales Director of Anglo Pacific International, Jason Diggs - A brief update on international relocation matters.

Business Broker, Barfoot & Thompson, Paul Gilberd - A brief update on the NZ real estate market and returning ex-pats.

Founder and Director, Bwagy, Ben Young - Maximising your business potential through the internet. An eye-opener on the power of the internet and how it can deliver business results to your front door.

Operations Manager, Malcolm Pacific David Cooper - The Business of Immigration – Then and Now – reflecting on the past 25 years.

New Immigration Investor Policies Unplugged

31 July 2009The New Zealand Association for Migration and Investment (NZAMI) welcomes the announcement yesterday of the revised migrant investment policy and of the new Entrepreneur Plus policy....

New Immigration Investor Policies Unplugged

31 July 2009

The New Zealand Association for Migration and Investment (NZAMI) welcomes the announcement yesterday of the revised migrant investment policy and of the new Entrepreneur Plus policy.

The NZAMI had written directly to the Prime Minister and all cabinet members in early February to promote the urgent and timely review of immigration policies that could deliver a range of immediate economic benefits, and this call was also taken up at the subsequent Job Summit.

It is pleasing to now see some progress in this area but much more can still be done, and the NZAMI remains hopeful that the National Government will increasingly recognise the ability of well directed economically motivated immigration policies to achieve positive outcomes for New Zealand and New Zealanders.

The joint announcement of the new policies by the Ministers of Immigration and Economic Development certainly signals a greater economic focus for at least part of New Zealand's immigration policies and this approach is welcomed by the NZAMI.

It has been acknowledged by all parties that the current, and the immediately previous, migrant investor policies have not delivered the outcomes possible from this policy option.

So what do the new policies actually deliver?

The higher level Investor Plus (Investor 1) category requires applicants to have the ability to invest $10 million. This level of funds must then be transferred to New Zealand and invested in a suitable investment for three years. This category has no other pre-requisite criteria that need to be met apart from the fact that the funds must be legally acquired and that the applicants must be in good health and of good character (applies to all immigration applications). Investor Plus applicants must spend 20% of their time in New Zealand in years two and three.

Most interest however is on the lower level Investor 2 category with the initial focus on the minimum thresholds needed to be met in order to submit an expression of interest (EOI) - the first stage of such an application. This category requires applicants to claim points under criteria relating to the level of investment possible, English language, period of business experience and their age. Although, a minimum of 20 points is required to submit an EOI, it would appear that applicants who only just achieve or exceed this level may not actually be successful in further progressing their application.

As can be seen from the following two examples there is likely to be a significant variance in the points possible under this Investor 2 category.

Example One: Criteria / Points
$2 million investment / 20
Good English / 10
10 years Business Experience / 30
Aged ­ 50 years / 10
Total 70 Points

Example Two: Younger applicants who have good English, longer business experience, and more funds to be invested will be significantly advantaged over those who are older and with limited English, business experience and funds. In addition the requirement for the investment funds to be transferred through the trading bank system into New Zealand will continue to present real practical and legal challenges for applicants from countries which operate restrictive foreign exchange and money transfer controls.

Applicants who have acquired their wealth through their home property and/or inheritance may be able to achieve the required investment levels. However, the additional requirement for a minimum of at least three years of business ownership or management experience in a commercial business with five employees and annual turnover of $1 million may mean many of these people will not be eligible.

In this sense, and even though the increase in the age limit to 65 years is positive, the policy still has a business focus and should not be perceived as a retirement policy.

We await the announcement of a retirement visa policy sometime in 2010.

Other positive aspects of this new policy are that the funds can be invested in New Zealand in a wider range of investment options which include New Zealand Government and local authority bonds, and bonds issued by New Zealand public listed companies. While it remains unacceptable for the investment funds to be invested in residential real estate and bank deposits.

Criteria / Points
$1.5 million Investment / 10
Limited English / 1
4 years Business Experience / 12
60-65 years / 0
Total 23 Points

The opportunity to invest in a range of low risk investments will prove attractive to many investor applicants. It must always be appreciated that applicants who apply under the investor categories have, as their primary intention, the objective of obtaining residence and of living in New Zealand. Consequently these applicants will tend, understandably, to adopt a conservative investment approach.

The new policy acceptably accommodates this approach while keeping funds out of the residential property market. Applicants from countries who have a much more informed understanding of New Zealand and of western investment practices, such as the UK and USA, may be encouraged to invest in more active business opportunities.

Work is underway to ensure a collaborative approach to informing these applicants about New Zealand investment opportunities.

Another positive and pragmatic aspect is the ability of the applicant to borrow against assets in order to realise their investments funds to be transferred. The funds under Investor 2 policy must remain in New Zealand for four years and the applicants must spend 40% of their time in New Zealand in years two, three and four. During the term of the investment, the interest or dividends achieved on the investment are available for the applicant to use as they wish. These applicants must also, in addition to the amount nominated for their investment, prove they have further assets of NZ$ 1 million available to cover their settlement and living expenses in New Zealand.

There is no limit on the number of Investor 1 applicants. A quota of 300 applications has been set for the Investor 2 category and the NZAMI believes that the policy should attract interest to around this level. However, as with any new policy, Immigration New Zealand can be expected to initially adopt a cautious approach in setting the EOI selection mark.

In this regard applicants are encouraged to seek professional advice from New Zealand licensed immigration advisers (see www.iaa.govt.nz) and immigration lawyers to ensure they are advised in their best interests on how best to structure their initial EOI points claim. For example any overclaim for investment funds points may lock an applicant into a higher level of investment above what was necessary to ensure a successful application.

The announcement of the Entrepreneur Plus policy was also timelyand has been very welcomed by the NZAMI. Any business applicant who invests $500, 000 in a new or existing business enterprise in New Zealand, and then additionally creates and retains three full time employment positions, is deserving of the ability to be issued residence directly. This is a very worthwhile policy initiative by the Government and will deliver significant tangible benefits for New Zealand.

Previously, the only option available for business applicants was the Long Term Business Visa. The LTBV is not a residence visa and many applicants under this policy sought to minimise their business investment. The new Entrepreneur Plus category will appropriately incentivise business applicants to now invest at higher levels, and actively create new employment, due to the fact that they will now be approved for residence at the outset.

The NZAMI believes the Entrepreneur Plus policy, as announced, is a very good policy which will deliver on the outcomes envisaged. It is hoped that the final detail of the policy, to be announced in November when the policy is to take effect, will only further support our current views.

Business Supports Investor Migrant Policy

30 July 2009The revamped business migration scheme is a welcome policy adjustment that will provide New Zealand with new skills and assist the deepening of its capital base according to the Wellington Regional Chamber of Commerce. ...

Business Supports Investor Migrant Policy

30 July 2009

The revamped business migration scheme is a welcome policy adjustment that will provide New Zealand with new skills and assist the deepening of its capital base according to the Wellington Regional Chamber of Commerce.

"We congratulate Ministers Brownlee and Coleman for introducing these changes," said Chamber CEO Charles Finny.

"New Zealand's productivity growth hinges on increased investment and more entrepreneurialism and the revamp will go some way to addressing the deficit we face there.

"New Zealand needs new migrants and the previous rules provided too much of an obstacle to attracting business and entrepreneurial people." 

"New Zealand competes with other countries for these migrants and the new rules will go someway towards correcting the imbalance."

"The liberalisation of business immigration rules on exactly these lines was a key plank of our submission at the Prime Minister's Employment Summit and we are pleased it has been picked up."

"Migrants make a significant contribution to New Zealand's economic performance through the international linkages they provide.   If New Zealand is to attract its share of migrants, we need a migration policy which does not throw up unnecessary hurdles," Mr Finny concluded.

 

SOURCE: Scoop Business Wire

Multi-million dollar boost for New Zealand

28 July 2009Significant changes announced today by the Minister of Immigration and the Minister of Economic Development are likely to see millions of dollars invested into New Zealand by wealthy migrants, says investment management specialist Tim Howe from Ocean Partners....

Multi-million dollar boost for New Zealand

28 July 2009

Significant changes announced today by the Minister of Immigration and the Minister of Economic Development are likely to see millions of dollars invested into New Zealand by wealthy migrants, says investment management specialist Tim Howe from Ocean Partners.

A new investor policy ­- the Migrant Investment Policy - will come into effect, replacing the existing Active Investment Management Policy.

"We see a large number of wealthy international investors considering New Zealand as home but the overall New Zealand migrant proposition has not always been strong enough to attract this group. Today's changes will go a considerable way towards ensuring New Zealand gains its share of these valuable new residents," says Tim Howe.

"It is likely that investor migrants attracted to the New Zealand proposition will not only have significant capital but also business experience ensuring a positive contribution to our country."

"Research shows that an investor's contribution goes far beyond the capital invested - in many cases companies gain access to the investors in-depth international business networks too."

Tim Howe says the policy change is a ‘win win’ for both the migrant investors and the New Zealand business sector. Investors have the opportunity to invest in growing New Zealand companies, while companies will have wider access to capital and invaluable international business acumen.

SOURCE: Scoop Business Wire

"New Zealand business is in need of new capital sources, both to fund expansion and to fund the ownership succession of the many businesses that will come to the market in the next few years."

"Baby boomer business owners are turning 60 and many of these people have much of their wealth invested in their business. New capital sources will be required to fund the transition of these businesses to new ownership and free the capital required for existing owners to retire," says Howe. "Attracting capital from immigrants seeking a move to New Zealand is not a new concept; however the previous requirements made the process arduous and the investment proposition was not always compelling."

"Ocean Partners is working with a number of international business people considering immigration to New Zealand. Attracting migrant investment is a competitive process. While New Zealand heads off most of the competition from a quality of life perspective, these changes will assist to competitively position the country to the migrant investor," says Howe.

Business Migrant Scheme Revamped

28 July 2009The Government's new business migration scheme launched today aims to boost economic performance by making New Zealand more attractive for business and entrepreneurial migrants....

Business Migrant Scheme Revamped

28 July 2009

Media release from:
Hon Gerry Brownlee, Minister of Economic Development
Hon Jonathan Coleman, Minister of Immigration

The Government's new business migration scheme launched today aims to boost economic performance by making New Zealand more attractive for business and entrepreneurial migrants. Attracting the right business migrants was identified as a high priority initiative at the recent Job Summit and the new government scheme has been announced by Economic Development Minister Gerry Brownlee and Immigration Minister Dr Jonathan Coleman.

"This fresh approach will ensure we bring more investors, connect them with existing business networks, and create real jobs for New Zealanders," said Economic Development Minister Gerry Brownlee. Announcing the new policy, Dr Coleman said that since 2005 there has been a significant drop off in business migration investment due to unrealistic investment expectations and English language requirements.

The new policy package is designed for migrants who want to invest or set up a business in New Zealand and gain permanent residence.

"For investor migrants, the previously existing three categories are streamlined to two, with more realistic requirements for capital, language skills and time spent in New Zealand annually, as well as a far greater flexibility in terms of investment vehicles," said Dr Coleman.

For entrepreneurial migrants, the new policy introduces a new Entrepreneur Plus category which complements the existing Entrepreneur category. Entrepreneur Plus offers a faster path to residence for applicants who create at least 3 fulltime jobs and invest $500,000 in their business.

 "The last government's business migration policies have not attracted investment. Since 2007, there have only been 23 migrants bought to New Zealand through Labour's business migration policy. Business migration needs to be urgently addressed, and stakeholders' feedback has been extremely positive regarding this new package," said Dr Coleman.

Jeremy Moon, the CEO of Icebreaker Clothing was a chair at the Prime Minister's Job Summit, and says the scheme is a "win win."

"Business leaders suggested this idea during the Job Summit as something that could be highly effective for little cost. I back the idea because the more investment and entrepreneurship we can get in New Zealand the better," said Mr Moon.

The new Investor policy will be implemented from 28 July 2009 and the Entrepreneur Policy from November 2009.

For more information please go to www.immigration.govt.nz/migrantinvestment.