A quick update below that may be of interest to some of you.
An Immigration New Zealand announcement regarding a recent restructure of ANZ bank, is set to impact certain visa types and alter what is deemed ‘acceptable investment’ for immigration purposes.
ANZ Bank has restructured by splitting their banking and non-banking businesses, thus creating a new non-operating holding company as a parent entity.
ANZ is therefore no longer a New Zealand Registered Company and will no longer be an acceptable investment option for immigration purposes.
Who is this change likely to affect?
Investor, Parent Retirement, and Temporary Retirement Visa applicants may encounter varying impacts of this change, depending on the current stage of their immigration process. Including those from these visa categories who have:
- Not yet been approved in principle
- Been approved in principle but have not yet completed investments
- Completed investments and already submitted documents to INZ
- Currently hold resident visas with Section 49(1) conditions
- Clients who currently hold a Temporary Retirement Visa
If you need assistance or clarification around this update, please contact us. We are here to answer any questions you may have on this change to Investment types and how it could affect your current or pending visa application.
