Decision Summary - Kiroshka (Alla Igorevna) of South Africa
| Decision number | 200710050 |
|---|---|
| Application number | 200710060 |
| Date | 16 May 2007 |
| Offeror/applicant | Kiroshka (Alla Igorevna) of South Africa |
| Ultimate applicant beneficial ownership | 100 percent - South Africa |
| Beneficial overseas ownership | |
| - Asset current | 0 percent |
| - Asset proposed | 100 percent |
| - Share current | N/A |
| - Share proposed | N/A |
| Offeree(s)/seller(s) | Whittaker (Caroline Elizabeth and Mark David) of New Zealand |
| Business activities | Lifestyle Property |
| Details of land involved | 5.559 hectares of freehold situated at 635 Barkers Road, Loburn, RD2, Rangiora 7472, Canterbury. being CT 168287 (Canterbury Registry). |
| Regions involved | Canterbury |
| Total consideration | $667,500 |
| Consent sought | To acquire an interest in land which, either alone or together with any associated land of that type, is or includes non-urban land and exceeds 5 hectares in area. |
| Rationale | The application has been approved as it met the criteria. The Overseas Investment Office is satisfied that the Applicant has business experience and acumen relevant to and is demonstrating financial commitment towards the investment. The Overseas Investment Office is further satisfied that the Applicant is of good character and not the kind of person referred to in section 7(1) of the Immigration Act 1987. Background The Applicant is intending to establish a business in New Zealand and reside in New Zealand indefinitely. The Applicant has been awarded a Long Term Business Visa through the New Zealand Immigration Service. The Applicant proposes to acquire the subject property as a permanent residence. The Applicant is demonstrating a commitment to New Zealand through applying for and taking up New Zealand permanent residency. |
| Contact | Peter Gregg Mackintosh Bradley & Price PO Box 8364 CHRISTCHURCH |
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