Business / Entrepreneur.
This article is about Immigration Policy but is not a description of policy.
Entrepreneur Work Visa.
This Work Visa is included in the Residence section because it is a pathway to residence.
The applicant must obtain approval for a business plan that is based on a business investment of at least NZ$100,000 and which is assessed by Immigration New Zealand as having the ability to be profitable and provide “substantial benefit to NZ”.
The principal applicant must meet English language standards and all persons associated with the applicant must be of good health and character.
The successful applicant will receive an Entrepreneur Work Visa.
After 2 years, the applicant can apply for a Resident Visa on the basis;
The approved plan has been carried out,
The applicant has worked in the business for at least 2 years,
The business has been profitable,
Good character and good health requirements for all persons associated with the application can still be met and all persons over the age of 16 associated with the application meet English language requirements.
Fast Track provision.
There is a fast track provision for applicants who have;
Successfully established their business and have run it for six months,
Invested at least NZ$500,000 in that business,
Created at least 3 new full-time jobs for New Zealanders,
Good character and good health requirements can still be met.
The resident visa issued under this “Fast Track” provision will be conditional on the new New Zealand jobs continuing and the investment funds remaining in the business for at least 2 years from the date of the original investment.
The intention is to provide opportunities for migrants who want to back themselves in business.
The focus is on self-employment and benefit to New Zealand.
There is an incentive fast track for stronger applicants. Although conditions may be attached to such a fast track visa for 2 years, it nevertheless enables the applicant and his family to enjoy the benefits of education and health care as residents.
Historically there has been a 75% decline rate in this policy area. Both the initial planning and the final business outcome need to coordinate with Immigration policy and with policy interpretations. Relying on your business skills without taking experienced Immigration advice is very dangerous. You should work alongside experienced experts at Malcolm Pacific Immigration.
Global Impact Visa.
A pilot programme will approve a maximum of 400 visas between 2017 and 2021 to those who will be truly innovative entrepreneurs in New Zealand. After 3 years applicants can apply for Permanent Residence Visas provided they have met all the requirements.
English language, proof of funds, support from the Edmund Hillary Foundation and meeting health and character requirements apply to this visa.
NOTE: No new applications are being accepted at this time while the government decides whether to continue this category.
Employees of a Re-locating Business.
When an overseas business, that will benefit New Zealand, re-locates to New Zealand, employees may be eligible for Residence where:-
The proposed re-location has the support of the Ministry of Trade and Enterprise.
The employee(s) is (are) defined as "Key employee(s)".
Is (are) not eligible under any other policy.
Meet English requirements and is (are) of good health and character.