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How can HNW individuals buy an entire island in New Zealand?

How much does one's country of origin matter in such deals, for example, if the HNWI comes from a non-EU country?


Answers
  • October 15, 2021

    In general, only residents and citizens of New Zealand as well as citizens of Australia and Singapore can buy homes in New Zealand. But there are other investment opportunities. If you are a national of any country other than the above, and you are keen on commercial investment properties, which is not for your personal use, then you must apply to the Overseas Investment Office for consent to buy property in New Zealand. Certain lands are categorized as sensitive land and if you are an overseas person, you must apply for consent before investing in any sensitive land in New Zealand. You may need to seek legal and land expertise to help you determine the sensitivity of land.