James Cameron must spend just 44 days a year in New Zealand for residency
Hollywood honcho James Cameron claims he wants New Zealand to be his home, but just has to spend 44 days a year in the country – and doesn't have to be there at all in his first year.
New documents reveal that James Cameron will only have to spend 88 days over two years to realize his residency requirements. It is believed he paid around $20 million for two big rural properties in Wairarapa, a dairy farm and a 817ha property overlooking Lake Pounui – the lake he also bought. The farm was for sale since 2004, asking for $18m.
Cameron's application for an Overseas Investment Office (OIO) was released under the Official Information Act, reports stuff.co.nz. It reveals he asked for residency under the Plus Category of Immigration New Zealand's Investment – which is reserved for people investing over $10m.
This allows the Titanic and Avatar director to spend just 44 days in New Zealand every year in the last two years of the three-year period of investment. There is not a requirement to spend any time in the country in the first year.
The documents also show that Cameron has been given residence "in principle". His visa will be granted when he applies. Investor Plus rules also demand that Cameron had to clear requirements for health and character, including clearance by the FBI.
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