New Zealand has made headlines with wealthy expats like Paypal co-founder Peter Thiel buying their way to citizenship. But it doesn’t come cheap. There are two different ways to get citizenship in New Zealand by investment, starting with an investment of at least $2 million over a four-year period.

Can foreigners buy property in New Zealand? There are restrictions on buying property in New Zealand as a foreigner. These were brought in relatively recently, to stop property prices being pushed up by investors who did not intend to settle in the country².

Immigration New Zealand does not set rules or regulations for non-residents and non-citizens buying property in New Zealand, as property purchasing is not regulated by us. The Overseas Investment Amendment Act 2018 introduced changes to acquiring residential property in New Zealand.

In general, only residents and citizens can buy homes in New Zealand to live in. But there are other investment opportunities. Use this tool to understand who is able to buy and who needs to apply for consent.

New Zealand’s government on Wednesday passed legislation that allows only New Zealand residents to buy homes. However, foreigners with NZ residency status will still be able to buy homes, as will Australians and Singaporeans.

If you’re a non-permanent resident seeking an FHA mortgage, you have to use the home as a primary residence and supply a valid Social Security number and Employment Authorization Document. This means that the agency does not extend mortgages to non-residents just planning to use the home occasionally.

Yes you can! If you’re an NZ citizen buying property in Australia everything works the same as if you were an Australian citizen buying property in Australia. You may even be eligible for the first home owners grant.

20%
What is the minimum deposit that I need to buy a house in New Zealand? The ideal deposit for any own-home purchase is 20% but typically, the minimum required is 10% for an existing property and in some rare cases 5% for a turn-key build.

Non-permanent resident aliens can qualify for a mortgage if they plan to live in the home they are buying. Many non-permanent residents do not have an EAD, but a special visa obtained by a sponsoring employer. These borrowers are also eligible for FHA, Fannie Mae, and Freddie Mac mortgages.

New Zealand allows dual citizenship or multiple citizenship — but some other countries do not.

To be eligible you must have held your resident visa for at least two years, have met any conditions of your Resident Visa, and have shown a commitment to New Zealand by meeting one of the following criteria: You have spent enough time in New Zealand. You have New Zealand tax residence status.

Cheapest Countries to Buy A Citizenship: Caribbean

• Dominica Citizenship. For a while, Dominicas citizenship program offered the cheapest second passport available at only USD 100,000.
• St. Lucia Citizenship.
• Antigua & Barbuda Citizenship.
• Nevis Citizenship.

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