Immigration New Zealand has updated its rules for managed funds and direct investments under the Active Investor Plus (AIP) visa programme. The changes take effect immediately and directly affect managed funds and direct investments in the Growth category, introducing new deployment plan requirements, strengthening oversight, and further clarifying the distinction between Growth and Balanced category investments.

Separately, from December 2026, Build to Rent investments will also become available as a Growth category option through approved managed funds.

The updated AIP Guidance Note for managed funds is available here.

Who needs to read it? Why?

These changes matter if you manage, advise on, or invest through…