Easier Immigration for Business Migrants

The New Zealand Government has recently introduced an improved business migration scheme, aiming to make New Zealand more attractive for investors and entrepreneurs.

Immigration Minister, Dr Jonathan Coleman said that the new Migrant Investment Policy would involve more realistic requirements for capital, language skills and time spent in New Zealand annually, as well as greater flexibility in terms of investment vehicles.

There will be two categories –

Investor: For those investing at least $1.5 million in New Zealand for four years. Applicants must be 65 years or younger, with at least $1 million in settlement funds and 3 year’s business experience. (Plus specific English language and annual stay requirements).

Investor Plus: For those investing at least $10 million in New Zealand for three years. The age and English language requirements are relaxed for this category.

All applicants under both categories must meet health and character requirements. The main advantage of this visa stream is that there is no requirement to actively own or operate a business in New Zealand.

The New Zealand Government is also looking to introduce a new Entrepreneur Plus category which will offer a faster path to residency for applicants who create at least three full-time jobs for New Zealanders and invest at least $500,000 in their business.

 “The new policy offers improved opportunities for business migrants to New Zealand," said Grant King, Director of the Visa Centre. "Prospective investors and entrepreneurs should apply now to ensure visa success while these favourable conditions exist."