testing The Water

AndyA · Posted: Mon Feb 09, 2004 7:00 am Post subject: testing The Water

Hi, I’ve just joined the site having been a ‘reader’ for a while. I’ve been looking at the possibilities of moving to NZ and drawing a blank. I’m unsure what category I could approach and I’d appreciate any pointers members might be able to give. In my current employment I have an option to retire early due to previous military service that can count towards my pension. I am now 52 years old and can retire shortly with a pension of about £23 ,000 (about 61,000+NZD) per year and a lump sum of about £120,000 (about 320,000NZD). This is an index linked pension for life. My wife is a same age as me and a qualified sports/remedial/Swedish massage therapist. Has anyone any idea how I could package this to be of benefit in moving to NZ? fingers crossed

JCM · Posted: Tue Feb 10, 2004 3:07 pm Post subject:

Hi Andy, and welcome.

It's clear that you'll be able to support yourself financially if you were to retire here, but, as you've probably realised, NZ does not have a 'self-supporting-retirement' migration category. More's the pity really, because economically, I think it would be good for the NZ economy.

So your options are really the same as everyone else's - come as an investor (minimum requirment $1 million), come on a LTBV, but you need experience running a business similar to the one you want to start here or come as a Skilled Migrant, or on a work permit for work to residence.

If you're going to come as a Skilled Migrant, the cut-off age is 55. Strictly speaking, you don't need a job to migrate in the Skilled Migrant category so, if you could qualify under SMC without needing a job-offer, you could simply come here and retire.

But, being blunt, at your grand-old age Wink

, your age-points aren't so good, so you would probably need to get a job offer to qualify. (You need to stay in the offered job for a minimum of 3 months, after which you are a free agent.)

You can check your points here:

http://emigratenz.org/GeneralSkills.html

and also definitely check the NZIS website:

http://www.immigration.govt.nz

Hope that helps for now

AndyA · Posted: Wed Feb 11, 2004 1:51 am Post subject:

Thanks JC, I'll just have to keep plugging away... Hmmm

Gerry · Posted: Wed Feb 11, 2004 4:31 pm Post subject:

Buying an existing bed & breakfast business used to be a good way in. It is quite a large investment but the work is pretty seasonal and if you keep the number of rooms down, not too taxing. If you already have a steady income you don't need it to generate much, and you can put up the No Vacancy signe whenever you like.

Now, whether that works with the new immigration regualtions, I can't tell you..........

Jamie Smith · Posted: Wed Feb 11, 2004 7:18 pm Post subject:

No it doesn't work fro LTBV- inusfficient benefit to NZ unless the purchase is about $1miillion

Accommodation businesses or any existing business, must expand and create new economic befit - jobs, export, new sales/product etc.

Gerry · Posted: Wed Feb 11, 2004 7:31 pm Post subject:

Well................

If you have a million spare I have a nice B&B in Nelson.............

:razz:
Gerry

rodders · Valued Member Joined: 25 Nov 2003 Posts: 134

andy by the looks of things i reckon you should just go, set yourself up in a nice house in a nice community, do a bit of charity work to show what a nice chap you are and you'll get residence. Nice One

http://emigratenz.org/community/viewtopic.php?p=1871#1871

kiwibound · Testing The Water Joined: 07 Feb 2004 Posts: 5

Hi,

Long time reader, first time poster. This forum is great.

Question --- My wife and I are both in our mid-30's, and we plan to migrate to NZ in about 15 years when the kid is grown. In anticipation of that day, last year we bought a lifestyle block in Northland growing olives. We hired a mgmt company to look after the lot for us, and we have registered it as a going concern with IRD. Our involvement revolves around reviewing reports and recommendations made
by the company, making decisions about how many trees to buy, when and whether to fertilize, when to press, how to market our fruits, etc. If things go well, I can see us acquring similar properties in the future for investment purpose.

My question is - will such an arrangement (i.e., owning an olive growing business but managing indirectly through a local company) qualify me to migrate via LTBV, say, 10 years down the road (assuming migration rules stay the same)? Our investment total right now is worth about $150k NZ.

Thanks for any advice or insight anyone can give us.

Kiwibound

richsadams · Posted: Sat Feb 14, 2004 10:18 am Post subject: Moving

Dear Kiwibound...welcome

You are to be commended on your foresight! I wish I had done the same about 10 years ago! We're on our way, but it would have been easier had we planned further ahead for sure. Rolling Eyes

You said...

AndyA · Posted: Sun Feb 15, 2004 7:33 am Post subject:

kiwibound · Testing The Water Joined: 07 Feb 2004 Posts: 5

Rich,

Thanks for the advice. Much appreciated.

The farm is by Doubtless Bay. It's part of a collection of lifestyle developments that are very popular nowadays. Other farms with older trees have been seeing good harvest, so we're keeping our fingers crossed that this will work out.

Thanks again,

Kiwibound