Can a work visa holder in New Zealand invest in stocks?

Yes,

A work visa holder in New Zealand can legally invest in stocks.

Key Points:

1. No restriction on stock market investment

New Zealand does not restrict temporary residents, including work visa holders, from investing in publicly listed shares through the New Zealand Stock Exchange (NZX) or international platforms.

2. No special license required

You do not need a special permit or residency status to trade stocks as an individual investor.

3. Use of trading platforms

You can open an account with brokers like Sharesies, Hatch, or ASB Securities, provided you meet their identity verification and bank account requirements.

4. Tax obligations apply

o New Zealand does not have a capital gains tax on most stock investments, but frequent traders may be taxed on profits as business income.

o Dividends from stocks are usually subject to tax and may have withholding tax applied.

5. Investment vs. work visa conditions

Investing in stocks is considered a passive activity, which does not violate your work visa conditions. However, you cannot operate a business or become self-employed unless your visa allows it.

Summary:

Yes, you can invest in stocks in New Zealand while on a work visa, as long as you follow standard financial and tax regulations.