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The New Zealand Immigration Guide


Suitable investments

   
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John.m
Testing The Water
Testing The Water


Joined: 22 Jan 2004
Posts: 3
Location: UK

Posted: Thu Jan 22, 2004 6:56 am    Post subject: Suitable investments

Does simply depositing money in NZ$ in a NZ bank account for 2 years qualify as a commercial ieturns on investment per the operations manual?
JCM
Moderator
Moderator


Joined: 15 Nov 2003
Posts: 275
Location: Christchurch since last century

Posted: Thu Jan 22, 2004 7:32 am    Post subject:

Yes - obviously in an account that pays a good rate of return.

You'll see on the application form itself that you can tick one or more boxes showing where you intend the money to go. These boxes are:

Trading Bank (meaning any bank registered to trade in NZ)
Property
Shares/Bonds
Business
Other.

So you would just tick trading bank (if that's where you wanted to put all of your money.)




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