Overseas Investors
Are you considering buying property in New Zealand and would like to know if there are any regulatory constraints on overseas purchases?
New Zealand’s foreign investment policy encourages international investment and only requires consent in a select number of cases.
New Zealand welcomes and encourages overseas investment from all countries. The New Zealand Government's foreign investment policies are administered by the Overseas Investment Office (OIO). The core work of the Commission is to assess applications for consent from foreigners who intend making substantial investments in New Zealand.
When is consent required?
- Area: Where the land exceeds 5ha in area
- Foreshore: Where the land includes foreshore/seabed (irrespective of area) or exceeds 0.2ha and adjoins foreshore/seabed.
- Lakes: Where the land exceeds 0.4ha in area and adjoins the bed of a lake.
- Reserves: Where the land exceeds 0.4ha and includes or adjoins a reserve, park or conservation land.
- Islands: Any land on most off-shore islands
- Historic Places: Where the land exceeds 0.4ha and includes or adjoins most historic or heritage areas.
For more information visit the Overseas Investment Office
http://www.linz.govt.nz/overseas-investment/