New Zealand’s revamped Active Investor Plus visa program, launched with the intent to attract high-net-worth individuals globally, is now under scrutiny. Legal experts have raised concerns that the program’s current structure may inadvertently disadvantage Chinese investors, a demographic that has historically been a significant contributor to global investment migration.
The Exclusion of QDII and QDLP Investment Channels
In April 2025, Immigration New Zealand (INZ) updated its guidelines for the Active Investor Plus visa, explicitly stating that funds transferred through China’s Qualified Domestic Institutional Investor (QDII) and Qualified Domestic Limited Partner (QDLP) programs are not acceptable for meeting the visa’s investment requirements.
This decision has perplexed legal experts and immigration advisors, who argue that these channels are among the few legal avenues available for Chinese nationals to move substantial funds offshore. The exclusion effectively limits the ability of Chinese investors to participate in the program, despite their interest and financial capability.
Broader Implications for New Zealand’s Investment Landscape
The Active Investor Plus visa was introduced to replace the previous Investor 1 and 2 categories, aiming to stimulate economic growth by attracting substantial foreign investment. The program offers two investment pathways: a NZD 5 million investment in growth-oriented assets over three years or a NZD 10 million investment in a balanced portfolio over five years.
While the program has seen interest from various global investors, the exclusion of QDII and QDLP channels may deter a significant segment of potential applicants. Legal experts warn that such exclusions could undermine the program’s objectives and New Zealand’s reputation as an open and welcoming destination for international investors.
Calls for Policy Reassessment
Legal professionals and immigration advisors are urging INZ to reconsider the exclusion of QDII and QDLP investment channels. They advocate for a more inclusive approach that accommodates the legal financial mechanisms available to investors from different jurisdictions.
By aligning the program’s requirements with the practical realities of international finance, New Zealand can ensure that its investment visa remains competitive and accessible to a diverse range of global investors.
New Zealand’s Active Investor Plus visa program stands at a crossroads. While its intent to attract substantial foreign investment is clear, the current exclusion of key Chinese investment channels presents a significant barrier to a major investor demographic. Addressing these concerns through policy adjustments could enhance the program’s inclusivity and reinforce New Zealand’s position in the global investment migration landscape.
