New Zealand Trade & Enterprise (NZTE) has appointed an independent advisory panel to support New Zealand’s new Active Investor Plus visa
scheme.
The panel will determine which investments – whether a managed fund or a direct investment into a New Zealand company –
will qualify for the visa’s special weighting.
Under the Active Investor Plus scheme, overseas investors who wish to apply for New Zealand residency must have a
minimum of $15 million to invest. However, the special weighting means that they can apply for residency with a direct
$5 million investment into an approved Kiwi company, or a $7.5 million investment into an approved managed fund.
The scheme is designed to ensure that migrant investors are taking an active role in the development of New Zealand’s
economy.
The advisory panel is:
• Mel Hewitson MNZM, Chair
Mel is a professional company director with an executive career in institutional investment and fund management, risk,
compliance and financial regulation. Mel’s current board memberships include Fidelity Life Assurance, Simplicity NZ,
Ngāti Whātua Ōrākei Whai Maia, Domain Name Commission, Auckland Foundation and Foundation North.
• Debbie Birch
Debbie is a professional director with a focus on Māori economic development and has more than 30 years’ experience in
capital markets, banking, finance and investment management. Debbie is currently the Chair of IWIinvestor, Chair of
Raukawa ki te Tonga AHC and a non-executive Director of Tourism Holdings, Ngāti Awa Group Holdings and subsidiaries Te
Pūia Tāpapa GP and Tūwharetoa Hau Rau GP, and Eastland Group and subsidiaries.
• Pip Dunphy
Pip is an independent director with experience and knowledge in capital markets, banking, finance and investment
management. Pip is currently a director of Tuatahi First Fibre, Dangerous Goods Compliance and a member of the NZ
Markets Disciplinary Tribunal.
“We are delighted to have the experience and knowledge of Mel, Debbie and Pip for this panel,” said Dylan Lawrence, the
General Manager of Investment at NZTE.
“They have a strong understanding of New Zealand’s capital markets and will ensure that everyone has confidence in the
process, and that the range of options available to our Active Investors are important parts of New Zealand’s economic
development.”
Once investments are determined acceptable by the panel and confirmed by NZTE, the managed funds are added to a list
published on NZTE’s website, while direct investments receive a letter of confirmation to provide to their investor as
evidence for Immigration New Zealand.
NZTE enlisted an external search agent and independent nominator to actively search for and recommend potential
panellists to NZTE, who were then endorsed by NZTE’s Board.
The panel members will complete a declaration of interests and affirm before each meeting that there are no new
conflicts.
The panel is scheduled to meet for the first time in February, and is expected to then meet monthly to review
applications.
More information about the Active Investor Plus scheme is available here.