For small partners who want to immigrate to New Zealand, the first thing they need to know is what immigration channels are available in New Zealand and which method is more suitable for them. For this question, you can refer to the series of articles in the previous review section. We have comprehensively introduced all the mainstream immigration methods of New Zealand immigration.
So for friends who want to choose investment immigration and parents’ retirement immigration, how to safely and legally invest funds in New Zealand from China, so as to meet the requirements of the Immigration Bureau, is an inevitable big problem.
Today, the editor will talk to you about the little things you must know about investing in New Zealand.
The reality that stumped Chinese investors
If you want to invest in New Zealand, you must convert the RMB earned in China into New Zealand dollars and transfer it to New Zealand. However, under China’s current foreign exchange policy, the exchange of RMB is not as much as you want.
According to China’s “Measures for the Administration of Individual Foreign Exchange” and the “Detailed Rules for the Implementation of the Measures for the Administration of Individual Foreign Exchange”, China implements the annual total amount of foreign exchange purchases by individuals, and each person is equivalent to US$50,000 per year. The investment required for immigration to New Zealand involves investment starting from NZD 1 million. Obviously, it is unrealistic to use this method for investment immigration.
So is there a way for China to transfer large amounts of assets at one time? The answer is, yes. According to the “Interim Measures for the Administration of Foreign Exchange Sale and Payment of Personal Property Transfer”, Chinese applicants who immigrate overseas can apply for [Immigration Property Transfer] to legally transfer their personal property in China to New Zealand.
However, don’t be in a hurry, my friends, because the prerequisite for [immigration property transfer] is to have immigrated overseas, rather than “preparing to immigrate overseas”. That is to say, New Zealand requires applicants to transfer their property to invest if they want to immigrate, while in China, you must immigrate successfully before transferring property, and you are caught in an endless cycle of chicken or egg.
It sounds like there is no hope for immigration. Do you have to force all business leaders and elderly parents to re-study and take the road of skilled immigration?!
Don’t worry~ Xiaobian will introduce to you the special product of our New Village – immigrating to New Zealand through QDII products.
Ⅱ|A little bit about QDII
What is QDII?
The full English name of QDII is Qualified Domestic Institutional Investor, which translates into Chinese as “Qualified Domestic Institutional Investor”.
QDII is a securities investment fund established within a country and approved by the relevant departments of the country to engage in securities business such as stocks and bonds in overseas securities markets. It is a transitional institutional arrangement that allows domestic investors to invest in overseas securities markets to a limited extent when the currency is not fully convertible and the capital account has not yet been opened.
What is a QDII product?
QDII products refer to the overseas wealth management products launched by domestic financial institutions after obtaining the QDII license for overseas client wealth management business. QDII products are usually closed-end funds (that is, the principal and returns will be retrieved at one time after the fund expires, and cannot be traded during the period). Investors subscribe and the fund manager is responsible for the investment.
QDII in New Village
For QDII products involved in New Zealand investment, Chinese applicants only need to use RMB to invest in QDII products. The applicant submits RMB funds to a bank or investment institution that has obtained a QDII license and subscribes to closed-end funds. The bank or investment institution will Help applicants to exchange foreign currency uniformly before investing in New Zealand. After the investment period expires, the funds will be safely returned to the applicant’s account.
the most important is!
QDII is an investment product and exchange channel recognized by both China and New Zealand. It is legal in China and an approved investment method by the New Zealand Immigration Service. Applicants do not need to worry about the safety and compliance of investment products. Do you feel at ease all of a sudden!
TIPS
We still need to remind everyone that although there is no need to worry about the compliance and safety of investment channels, there are still too many hurdles to pay attention to on how to operate, whether to get the QDII quota, and whether to get the green card smoothly.
