{"id":55114,"date":"2025-07-31T10:10:08","date_gmt":"2025-07-31T00:10:08","guid":{"rendered":"https:\/\/absoluteimmigration.com\/nz\/?p=55114"},"modified":"2025-07-31T10:13:54","modified_gmt":"2025-07-31T00:13:54","slug":"active-investor-plus-visa-updates-changes-to-investment-rules-and-flexibility","status":"publish","type":"post","link":"https:\/\/absoluteimmigration.com\/nz\/news\/active-investor-plus-visa-updates-changes-to-investment-rules-and-flexibility\/","title":{"rendered":"Active Investor Plus Visa updates: changes to investment rules and flexibility"},"content":{"rendered":"\t\t<div data-elementor-type=\"wp-post\" data-elementor-id=\"55114\" class=\"elementor elementor-55114\" data-elementor-post-type=\"post\">\n\t\t\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-e26c462 elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"e26c462\" data-element_type=\"section\" data-e-type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-afa09d7\" data-id=\"afa09d7\" data-element_type=\"column\" data-e-type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-c096cb1 elementor-widget elementor-widget-heading\" data-id=\"c096cb1\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t\t<h2 class=\"elementor-heading-title elementor-size-default\">Photo credit: Tourism NZ Visual Library<\/h2>\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-0881fec elementor-widget elementor-widget-text-editor\" data-id=\"0881fec\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t\t\t\t\t\t<p><span data-contrast=\"none\">New Zealand has taken a bold step in strengthening its Active Investor Plus Visa program, with targeted changes from 9 June 2025 that refine investment pathways and unlock new options for high-value investors. From stricter rules on how funds are allocated to greater flexibility for backing property development ventures, these reforms reflect the Government\u2019s focus on productive, future-focused investment.<\/span><span data-ccp-props=\"{&quot;335551550&quot;:6,&quot;335551620&quot;:6,&quot;335559739&quot;:240}\">\u00a0<\/span><\/p><p><span data-contrast=\"none\">Whether you&#8217;re already a visa holder, preparing your application, or advising international investors, it\u2019s essential to understand these updates, including the 75\/25 split for on-call investments and voluntary transition options for pre-9 June applicants.<\/span><span data-ccp-props=\"{&quot;335551550&quot;:6,&quot;335551620&quot;:6,&quot;335559739&quot;:240}\">\u00a0<\/span><\/p><p>\u00a0<\/p><h4><span style=\"color: #ed7d31\"><b>What is the Active Investor Plus Visa?<\/b>\u00a0<\/span><\/h4><p><span data-contrast=\"none\">The <\/span><a href=\"https:\/\/www.immigration.govt.nz\/visas\/active-investor-plus-visa\/\"><span data-contrast=\"none\"><span style=\"text-decoration: underline\"><span style=\"color: #ed7d31;text-decoration: underline\">Active Investor Plus Visa<\/span><\/span><\/span><\/a><span data-contrast=\"none\"> is New\u202fZealand\u2019s flagship residence pathway for high-net-worth individuals who want to invest significantly in the local economy. As of 1 April 2025, there are two categories:<\/span><span data-ccp-props=\"{&quot;335551550&quot;:6,&quot;335551620&quot;:6}\">\u00a0<\/span><\/p><ul><li data-leveltext=\"\uf0b7\" data-font=\"Symbol\" data-listid=\"1\" data-list-defn-props=\"{&quot;335552541&quot;:1,&quot;335559685&quot;:720,&quot;335559991&quot;:360,&quot;469769226&quot;:&quot;Symbol&quot;,&quot;469769242&quot;:[8226],&quot;469777803&quot;:&quot;left&quot;,&quot;469777804&quot;:&quot;\uf0b7&quot;,&quot;469777815&quot;:&quot;hybridMultilevel&quot;}\" data-aria-posinset=\"1\" data-aria-level=\"1\"><b><span data-contrast=\"none\">Growth category:<\/span><\/b><span data-contrast=\"none\"> invest NZD $5 million over 3 years in direct investments or managed funds. Requires just 21 days of physical presence in New Zealand across the 3-year period.<\/span><span data-ccp-props=\"{&quot;335551550&quot;:6,&quot;335551620&quot;:6}\">\u00a0<\/span><\/li><\/ul><ul><li data-leveltext=\"\uf0b7\" data-font=\"Symbol\" data-listid=\"1\" data-list-defn-props=\"{&quot;335552541&quot;:1,&quot;335559685&quot;:720,&quot;335559991&quot;:360,&quot;469769226&quot;:&quot;Symbol&quot;,&quot;469769242&quot;:[8226],&quot;469777803&quot;:&quot;left&quot;,&quot;469777804&quot;:&quot;\uf0b7&quot;,&quot;469777815&quot;:&quot;hybridMultilevel&quot;}\" data-aria-posinset=\"2\" data-aria-level=\"1\"><b><span data-contrast=\"none\">Balanced category:<\/span><\/b><span data-contrast=\"none\"> invest NZD $10 million over 5 years in a wider mix of assets, including listed equities, bonds, eligible property development, and philanthropic investments. Requires 105 days of physical presence (reducible for higher investments).<\/span><span data-ccp-props=\"{&quot;335551550&quot;:6,&quot;335551620&quot;:6}\">\u00a0<\/span><\/li><\/ul><p>\u00a0<\/p><p><span data-contrast=\"none\">Both categories offer a pathway to permanent residence for the investor and their immediate family and have no English language requirement. Funds must be legally sourced, transferred within six months of approval, and maintained for the full investment term.<\/span><span data-ccp-props=\"{&quot;335551550&quot;:6,&quot;335551620&quot;:6}\">\u00a0<\/span><\/p><p><span data-ccp-props=\"{&quot;134233117&quot;:false,&quot;134233118&quot;:false,&quot;201341983&quot;:0,&quot;335551550&quot;:6,&quot;335551620&quot;:6,&quot;335559685&quot;:0,&quot;335559737&quot;:0,&quot;335559738&quot;:0,&quot;335559739&quot;:160,&quot;335559740&quot;:279}\">\u00a0<\/span><\/p><h4><span style=\"color: #ed7d31\"><b>What changed from 9 June 2025?<\/b>\u00a0<\/span><\/h4><p><span data-contrast=\"none\">Two major policy clarifications were introduced by Immigration New Zealand on 9 June:<\/span><span data-ccp-props=\"{&quot;335551550&quot;:6,&quot;335551620&quot;:6}\">\u00a0<\/span><\/p><ul><li data-leveltext=\"\uf0b7\" data-font=\"Symbol\" data-listid=\"2\" data-list-defn-props=\"{&quot;335552541&quot;:1,&quot;335559685&quot;:720,&quot;335559991&quot;:360,&quot;469769226&quot;:&quot;Symbol&quot;,&quot;469769242&quot;:[8226],&quot;469777803&quot;:&quot;left&quot;,&quot;469777804&quot;:&quot;\uf0b7&quot;,&quot;469777815&quot;:&quot;hybridMultilevel&quot;}\" data-aria-posinset=\"1\" data-aria-level=\"1\"><span data-contrast=\"none\">On-call investment requirements: under the updated instructions, no more than 25% of an investor&#8217;s committed capital may be held in a New Zealand bank account (including cash accounts) or term deposits. At least 75% must now be invested in listed equities or bonds. This replaces the earlier setting that allowed up to 100% of the committed funds to be held in bank accounts or term deposits for up to six months.<\/span><span data-ccp-props=\"{&quot;335551550&quot;:6,&quot;335551620&quot;:6}\">\u00a0<\/span><\/li><\/ul><ul><li data-leveltext=\"\uf0b7\" data-font=\"Symbol\" data-listid=\"2\" data-list-defn-props=\"{&quot;335552541&quot;:1,&quot;335559685&quot;:720,&quot;335559991&quot;:360,&quot;469769226&quot;:&quot;Symbol&quot;,&quot;469769242&quot;:[8226],&quot;469777803&quot;:&quot;left&quot;,&quot;469777804&quot;:&quot;\uf0b7&quot;,&quot;469777815&quot;:&quot;hybridMultilevel&quot;}\" data-aria-posinset=\"2\" data-aria-level=\"1\"><span data-contrast=\"none\">Property development investment flexibility: Active Investor Plus Visa holders can now invest in New Zealand companies engaged in property development activities, provided all other visa criteria are met. This provides new options for those seeking diversified portfolios while maintaining a focus on productive economic activity.<\/span><span data-ccp-props=\"{&quot;335551550&quot;:6,&quot;335551620&quot;:6}\">\u00a0<\/span><\/li><\/ul><p>\u00a0<\/p><p><span data-contrast=\"none\">These changes were explained in detail by Immigration New Zealand through an official video session, now available via YouTube: <\/span><a href=\"https:\/\/www.youtube.com\/watch?v=HbPKfBe6dGA\"><span data-contrast=\"none\"><span style=\"text-decoration: underline;color: #ed7d31\">Watch the update<\/span><\/span><\/a><span data-contrast=\"none\">.<\/span><span data-ccp-props=\"{&quot;335551550&quot;:6,&quot;335551620&quot;:6}\">\u00a0<\/span><\/p><p>\u00a0<\/p><h4><span style=\"color: #ed7d31\"><b>Key visa settings that remain the same<\/b>\u00a0<\/span><\/h4><p><span data-contrast=\"none\">While the 9 June 2025 updates refine how investments can be structured, the core eligibility criteria and visa framework remain unchanged. Investors are still required to:<\/span><span data-ccp-props=\"{&quot;335551550&quot;:6,&quot;335551620&quot;:6}\">\u00a0<\/span><\/p><ul><li data-leveltext=\"\uf0b7\" data-font=\"Symbol\" data-listid=\"3\" data-list-defn-props=\"{&quot;335552541&quot;:1,&quot;335559685&quot;:720,&quot;335559991&quot;:360,&quot;469769226&quot;:&quot;Symbol&quot;,&quot;469769242&quot;:[8226],&quot;469777803&quot;:&quot;left&quot;,&quot;469777804&quot;:&quot;\uf0b7&quot;,&quot;469777815&quot;:&quot;hybridMultilevel&quot;}\" data-aria-posinset=\"1\" data-aria-level=\"1\"><span data-contrast=\"none\">Meet the minimum investment amounts: NZD $5 million (Growth) or NZD $10 million (Balanced)<\/span><span data-ccp-props=\"{&quot;335551550&quot;:6,&quot;335551620&quot;:6}\">\u00a0<\/span><\/li><\/ul><ul><li data-leveltext=\"\uf0b7\" data-font=\"Symbol\" data-listid=\"3\" data-list-defn-props=\"{&quot;335552541&quot;:1,&quot;335559685&quot;:720,&quot;335559991&quot;:360,&quot;469769226&quot;:&quot;Symbol&quot;,&quot;469769242&quot;:[8226],&quot;469777803&quot;:&quot;left&quot;,&quot;469777804&quot;:&quot;\uf0b7&quot;,&quot;469777815&quot;:&quot;hybridMultilevel&quot;}\" data-aria-posinset=\"2\" data-aria-level=\"1\"><span data-contrast=\"none\">Commit to the investment timeframe: 3 or 5 years, depending on the chosen category<\/span><span data-ccp-props=\"{&quot;335551550&quot;:6,&quot;335551620&quot;:6}\">\u00a0<\/span><\/li><\/ul><ul><li data-leveltext=\"\uf0b7\" data-font=\"Symbol\" data-listid=\"3\" data-list-defn-props=\"{&quot;335552541&quot;:1,&quot;335559685&quot;:720,&quot;335559991&quot;:360,&quot;469769226&quot;:&quot;Symbol&quot;,&quot;469769242&quot;:[8226],&quot;469777803&quot;:&quot;left&quot;,&quot;469777804&quot;:&quot;\uf0b7&quot;,&quot;469777815&quot;:&quot;hybridMultilevel&quot;}\" data-aria-posinset=\"3\" data-aria-level=\"1\"><span data-contrast=\"none\">Maintain the investment for the full duration<\/span><span data-ccp-props=\"{&quot;335551550&quot;:6,&quot;335551620&quot;:6}\">\u00a0<\/span><\/li><\/ul><ul><li data-leveltext=\"\uf0b7\" data-font=\"Symbol\" data-listid=\"3\" data-list-defn-props=\"{&quot;335552541&quot;:1,&quot;335559685&quot;:720,&quot;335559991&quot;:360,&quot;469769226&quot;:&quot;Symbol&quot;,&quot;469769242&quot;:[8226],&quot;469777803&quot;:&quot;left&quot;,&quot;469777804&quot;:&quot;\uf0b7&quot;,&quot;469777815&quot;:&quot;hybridMultilevel&quot;}\" data-aria-posinset=\"4\" data-aria-level=\"1\"><span data-contrast=\"none\">Comply with physical presence requirements in New Zealand<\/span><span data-ccp-props=\"{&quot;335551550&quot;:6,&quot;335551620&quot;:6}\">\u00a0<\/span><\/li><\/ul><ul><li data-leveltext=\"\uf0b7\" data-font=\"Symbol\" data-listid=\"3\" data-list-defn-props=\"{&quot;335552541&quot;:1,&quot;335559685&quot;:720,&quot;335559991&quot;:360,&quot;469769226&quot;:&quot;Symbol&quot;,&quot;469769242&quot;:[8226],&quot;469777803&quot;:&quot;left&quot;,&quot;469777804&quot;:&quot;\uf0b7&quot;,&quot;469777815&quot;:&quot;hybridMultilevel&quot;}\" data-aria-posinset=\"5\" data-aria-level=\"1\"><span data-contrast=\"none\">Demonstrate the lawful source and transfer of funds<\/span><span data-ccp-props=\"{&quot;335551550&quot;:6,&quot;335551620&quot;:6}\">\u00a0<\/span><\/li><\/ul><p>\u00a0<\/p><p><span data-contrast=\"none\">The recent changes focus on clarifying how capital must be allocated within that overall framework, especially regarding low-risk holdings and acceptable property investments without altering the fundamental structure of the visa or investor responsibilities.<\/span><span data-ccp-props=\"{&quot;335551550&quot;:6,&quot;335551620&quot;:6}\">\u00a0<\/span><\/p><p>\u00a0<\/p><h4><span style=\"color: #ed7d31\"><b>Visa variations for pre-9 June applicants<\/b>\u00a0<\/span><\/h4><p><span data-contrast=\"none\">Applicants who submitted their Active Investor Plus Visa applications before 9 June 2025 and receive visa approval will remain subject to the previous investment rules.<\/span><span data-ccp-props=\"{&quot;335551550&quot;:6,&quot;335551620&quot;:6}\">\u00a0<\/span><\/p><p><span data-contrast=\"none\">However, Immigration New Zealand is offering these visa holders the opportunity to request a variation of conditions at no cost. If approved, their visa will align with the updated settings. These individuals must:<\/span><span data-ccp-props=\"{&quot;335551550&quot;:6,&quot;335551620&quot;:6}\">\u00a0<\/span><\/p><ul><li data-leveltext=\"\uf0b7\" data-font=\"Symbol\" data-listid=\"4\" data-list-defn-props=\"{&quot;335552541&quot;:1,&quot;335559685&quot;:720,&quot;335559991&quot;:360,&quot;469769226&quot;:&quot;Symbol&quot;,&quot;469769242&quot;:[8226],&quot;469777803&quot;:&quot;left&quot;,&quot;469777804&quot;:&quot;\uf0b7&quot;,&quot;469777815&quot;:&quot;hybridMultilevel&quot;}\" data-aria-posinset=\"1\" data-aria-level=\"1\"><span data-contrast=\"none\">Continue to meet pre-9 June requirements until the variation is granted.<\/span><span data-ccp-props=\"{&quot;335551550&quot;:6,&quot;335551620&quot;:6}\">\u00a0<\/span><\/li><\/ul><ul><li data-leveltext=\"\uf0b7\" data-font=\"Symbol\" data-listid=\"4\" data-list-defn-props=\"{&quot;335552541&quot;:1,&quot;335559685&quot;:720,&quot;335559991&quot;:360,&quot;469769226&quot;:&quot;Symbol&quot;,&quot;469769242&quot;:[8226],&quot;469777803&quot;:&quot;left&quot;,&quot;469777804&quot;:&quot;\uf0b7&quot;,&quot;469777815&quot;:&quot;hybridMultilevel&quot;}\" data-aria-posinset=\"2\" data-aria-level=\"1\"><span data-contrast=\"none\">Once approved, adjust their investments within 30 calendar days to comply with the new 75\/25 investment rule.<\/span><span data-ccp-props=\"{&quot;335551550&quot;:6,&quot;335551620&quot;:6}\">\u00a0<\/span><\/li><\/ul><p>\u00a0<\/p><p><span data-contrast=\"none\">Immigration New Zealand will directly contact eligible visa holders or their authorised representatives with instructions for submitting the variation request.<\/span><span data-ccp-props=\"{&quot;335551550&quot;:6,&quot;335551620&quot;:6}\">\u00a0<\/span><\/p><p>\u00a0<\/p><h4><span style=\"color: #ed7d31\"><b>Additional clarifications addressed<\/b>\u00a0<\/span><\/h4><p><span data-contrast=\"none\">In its latest information session, Immigration New Zealand also addressed frequently asked questions around:<\/span><span data-ccp-props=\"{&quot;335551550&quot;:6,&quot;335551620&quot;:6}\">\u00a0<\/span><\/p><ul><li data-leveltext=\"\uf0b7\" data-font=\"Symbol\" data-listid=\"5\" data-list-defn-props=\"{&quot;335552541&quot;:1,&quot;335559685&quot;:720,&quot;335559991&quot;:360,&quot;469769226&quot;:&quot;Symbol&quot;,&quot;469769242&quot;:[8226],&quot;469777803&quot;:&quot;left&quot;,&quot;469777804&quot;:&quot;\uf0b7&quot;,&quot;469777815&quot;:&quot;hybridMultilevel&quot;}\" data-aria-posinset=\"1\" data-aria-level=\"1\"><span data-contrast=\"none\">The treatment of accrued interest on bank deposits and how it factors into investment calculations.<\/span><span data-ccp-props=\"{&quot;335551550&quot;:6,&quot;335551620&quot;:6}\">\u00a0<\/span><\/li><\/ul><ul><li data-leveltext=\"\uf0b7\" data-font=\"Symbol\" data-listid=\"5\" data-list-defn-props=\"{&quot;335552541&quot;:1,&quot;335559685&quot;:720,&quot;335559991&quot;:360,&quot;469769226&quot;:&quot;Symbol&quot;,&quot;469769242&quot;:[8226],&quot;469777803&quot;:&quot;left&quot;,&quot;469777804&quot;:&quot;\uf0b7&quot;,&quot;469777815&quot;:&quot;hybridMultilevel&quot;}\" data-aria-posinset=\"2\" data-aria-level=\"1\"><span data-contrast=\"none\">Requirements for investment improvement plans, which may be needed depending on investment structure and risk.<\/span><span data-ccp-props=\"{&quot;335551550&quot;:6,&quot;335551620&quot;:6}\">\u00a0<\/span><\/li><\/ul><ul><li data-leveltext=\"\uf0b7\" data-font=\"Symbol\" data-listid=\"5\" data-list-defn-props=\"{&quot;335552541&quot;:1,&quot;335559685&quot;:720,&quot;335559991&quot;:360,&quot;469769226&quot;:&quot;Symbol&quot;,&quot;469769242&quot;:[8226],&quot;469777803&quot;:&quot;left&quot;,&quot;469777804&quot;:&quot;\uf0b7&quot;,&quot;469777815&quot;:&quot;hybridMultilevel&quot;}\" data-aria-posinset=\"3\" data-aria-level=\"1\"><span data-contrast=\"none\">Procedures for staged fund releases, applicable when capital is disbursed to various investments over time.<\/span><span data-ccp-props=\"{&quot;335551550&quot;:6,&quot;335551620&quot;:6}\">\u00a0<\/span><\/li><\/ul><p>\u00a0<\/p><p><span data-contrast=\"none\">These clarifications were designed to reduce confusion and improve investor compliance with the visa framework.<\/span><span data-ccp-props=\"{&quot;335551550&quot;:6,&quot;335551620&quot;:6}\">\u00a0<\/span><\/p><p>\u00a0<\/p><h4><span style=\"color: #ed7d31\"><b>Preparing for investor visa changes in New Zealand<\/b>\u00a0<\/span><\/h4><p><span data-contrast=\"none\">The recent updates reshape how investor capital must be structured and open new pathways for engagement in property development. For investors, businesses, and advisors, understanding these changes is critical to maintaining compliance and making informed, future-proof decisions.<\/span><span data-ccp-props=\"{&quot;335551550&quot;:6,&quot;335551620&quot;:6}\">\u00a0<\/span><\/p><p>\u00a0<\/p><p><span data-contrast=\"none\">Whether you\u2019re exploring eligibility or restructuring an existing portfolio, now is the time to act. We\u2019re here to help you make confident investment decisions that align with New Zealand\u2019s evolving investor visa pathway. Contact our team at <\/span><a href=\"mailto:aisupport@absoluteimmigration.com\"><span data-contrast=\"none\"><strong><span style=\"color: #ed7d31\">aisupport@absoluteimmigration.com<\/span><\/strong><\/span><\/a><span data-contrast=\"none\"> for tailored advice and strategic immigration support.<\/span><span data-ccp-props=\"{&quot;335551550&quot;:6,&quot;335551620&quot;:6}\">\u00a0<\/span><\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-8763309 elementor-widget elementor-widget-heading\" data-id=\"8763309\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t\t<h2 class=\"elementor-heading-title elementor-size-default\"><a href=\"https:\/\/absoluteimmigration.com\/nz\/\">.<\/a><\/h2>\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<\/div>\n\t\t","protected":false},"excerpt":{"rendered":"<p>New Zealand has introduced key updates to the Active Investor Plus Visa, including stricter limits on on-call investments and new flexibility for funding property development, creating clearer pathways for productive economic engagement.<\/p>\n","protected":false},"author":19,"featured_media":55116,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[25,20],"tags":[645,642,646,647,648,649],"class_list":["post-55114","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-blog","category-new-zealand","tag-active-investor-plus-visa-nz","tag-immigration-new-zealand-updates","tag-investor-visa-new-zealand","tag-nz-investment-immigration","tag-on-call-investment-rules","tag-property-investment-nz"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.9 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Active Investor Plus Visa updates: changes to investment rules and flexibility - Absolute Immigration<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/absoluteimmigration.com\/nz\/news\/active-investor-plus-visa-updates-changes-to-investment-rules-and-flexibility\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Active Investor Plus Visa updates: changes to investment rules and flexibility - Absolute Immigration\" \/>\n<meta property=\"og:description\" content=\"New Zealand has introduced key updates to the Active Investor Plus Visa, including stricter limits on on-call investments and new flexibility for funding property development, creating clearer pathways for productive economic engagement.\" \/>\n<meta property=\"og:url\" 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