The Build to Rent option
The investment will be available through approved managed funds. [1]Immigration New Zealand: New Build to Rent investment option added to Active Investor Plus (9 September 2026) Those funds will need to meet requirements relating to capability, governance and delivery. [1]Immigration New Zealand: New Build to Rent investment option added to Active Investor Plus (9 September 2026)
Eligibility requirements, investment structures and implementation timeframes are not yet published; INZ says this information will be provided before the change takes effect. [1]Immigration New Zealand: New Build to Rent investment option added to Active Investor Plus (9 September 2026) As of 26 October 2026, the INZ list of acceptable Growth category investments names direct investments, managed funds and philanthropy (maximum of 20% of the total amount invested). [2]Immigration New Zealand: Active Investor Plus visa It does not yet list Build to Rent. [3]Immigration New Zealand: Acceptable investments for an Active Investor Plus Visa
Rules in force since 12 August 2026
Under Amendment Circular No. 2026-22, effective on and after 12 August 2026, any borrowed funds must come from the same country or jurisdiction as the nominated funds. [4]Immigration New Zealand: Amendment Circular No. 2026-22 (12 August 2026) Nominated funds must have been earned or acquired lawfully and transferred lawfully through the banking system. [4]Immigration New Zealand: Amendment Circular No. 2026-22 (12 August 2026)
Where funds were gifted, the investor must show the gift was unconditional and complied with the laws of the country where it was made. [5]Immigration New Zealand: Active Investor Plus improvements provide greater certainty for investors (13 August 2026) In its 13 August announcement, INZ also said that investors in managed funds will only need a legally binding agreement; the requirement for a non-revocable agreement has been removed. [5]Immigration New Zealand: Active Investor Plus improvements provide greater certainty for investors (13 August 2026)
Programme overview: New Zealand Golden Visa guide.
