Does it so happen that you wanted to emigrate to another country, but there were so many options that you didn't know which one best suited your needs?
Today we are going to compare two of the most powerful residency by investment in Oceania so you can choose what is the best option for you.
New Zealand vs Australia
New Zealand is a country in the South Pacific, separated from Australia by 2,000 km of ocean. It is made up of several islands and its population is concentrated in two main zones. With a population of 4.4 million, it is one of the most geographically isolated developed countries. They have an immigration by investment program that provides the opportunity for foreign nationals to obtain permanent residence in New Zealand by making a substantial investment in the country.
On the other hand, Australia is one of the wealthiest countries in the world and has an excellent reputation. It is a developed, multi-cultural country with an extremely high Human Development Index ranking and offers an immigration system that is objective and merit-based with predictable outcomes. The Australian visa application process is very structured and based on laws, regulations, policy, and legislative instruments. Application processing time frames differ significantly by visa type.
In New Zealand you have 2 options for investment, these programs allow applicants to live, work, and study in New Zealand.
Investor 1 resident visa
An applicant must invest USD 5,712,700 in New Zealand over three years to apply for New Zealand residence under this program.
There is no maximum age limit, no language requirement, and no business experience requirement.
Investor 2 resident visa
This visa is applicable to experienced business people aged 65 years or younger, who have a minimum of USD 1,713,150 in available funds or assets.
Applicants must invest at least USD 1,713,150in an acceptable investment in New Zealand, to be held for four years.
Applicants are required to have an English-speaking background or an International English Language Testing System test.
Australia works slightly differently, they have 4 investor programs for you to choose:
The Business Innovation Stream: Individuals must pass a points test, have a successful business career with a business turnover of at least AUD 750,000, and have net assets of AUD 1.25 million. They must also obtain and maintain substantial ownership and management of an Australian business and reside in the country for at least one year.
The Investor Stream: Individuals must pass a points test, commit AUD 2.5 million into a complying Australian-managed investment fund for the duration of the provisional visa validity, and reside in the country for at least two years.
The Significant Investor Stream: Individuals must commit at least AUD 5 million into a complying Australian-managed investment fund for the duration of the provisional visa validity and reside in the country for an average of 40 days a year for primary visa holders.
The Entrepreneur Stream: Individuals must receive endorsement by a state or territory government and reside in the country for at least two years The Global Talent Independent Program.
What benefits are there for me?
Among the benefits of obtaining Australian residence is that you can get it for up to 12 months and it can be renewed. The county also offers an excellent quality of life providing you a high standard of living that includes economic freedom and good protection of civil liberties and political rights. In addition to this you can access dual citizenship in only 5 years.
However, by obtaining the New Zealand residency you would have to get it up for a shorter period of time than in Australia due to the fact that they only provide it for 5 to 6 months depending on the visa that you choose. But don't give up, this residency also provides several benefits. This program allows you to bring your loved ones in this experience and have Strong tax treaty network with a large number of counterparties
So, if you are interested in finding out more about residency by investment programs in New Zealand and Australia, as well as opportunities to develop your business, contact us today! Below this article, you will find a link to set up a free fifteen-minute consultation with us to discuss your options further.
Also, if you want to access our other great content, subscribe to our YouTube channel! At Creimerman, our team of professional global citizens would be happy to help you with your personal or professional cross-border ventures and help make them a success.