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F4.30.10.15 Transferring funds to New Zealand
a.When their application meets the requirements for tier one through settlement funds, as per F4.30.10, and is approved in principle, the applicant will be required to transfer the nominated settlement funds to New Zealand and meet the evidential requirements set out at F4.40.30.10.
b.A minimum of NZ$500,000 in total must be transferred to New Zealand.
c.These funds must be the funds initially nominated, or the funds that result from the sale of the same assets as those initially nominated, in the resident visa application; and i.be transferred through the banking system directly from the principal and/or secondary applicant's bank account(s) to New Zealand; or
ii.be transferred by a foreign exchange company to New Zealand through the banking system. Immigration officers may not accept the transferred funds if the applicant cannot provide satisfactory evidence of the following: ◦the nominated funds have been transferred to the foreign exchange company directly from the applicant’s bank account(s); and
◦the nominated funds have been transferred through a foreign exchange company in a way that is not contrary to laws of New Zealand; and
◦the nominated funds transferred are traceable; and
◦cash transactions were not made; and
◦the foreign exchange company is not suspected of, or proven to have committed, fraudulent activity or financial impropriety in any country it operates from or in. |
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