To be eligible to file a Business Visa petition to New Zealand under Long Term Business Category, there are a number of conditions you need to meet like….
children coming with you If you are not sure you meet all these requirements, your application may be declined. Meet us for a free consultation and See if you qualify - FREE SKILLS ASSESSMENT
Active Business Investor Migrant Category
The new Active Investor Migrant policy is divided into three sub-categories The three categories have been segmented on the basis of the migrant’s potential contribution and according to the level of risk.
The category Business investors apply under will depend on their potential to contribute to New Zealand in financial and human capital, the amount of investment and the activeness of that investment. Investment must be active or semi-active (having money in a bank account will not meet the policy requirements, nor will investment in residential property development).
The three tiers are:
The General (Active) investor category will be a points based system to prioritize migrants on the basis of their potential to contribute to New Zealand businesses. The points system will recognise:
The NZ government has set an annual cap on the number of places available under the Active Investor Migrant policy at 1000 people (around 300 applications). Global and Professional investors will be selected first and the remaining places will be available to the General (Active) investor category.
How is it different to the current policy?
There have been several changes to the Business investor category over the last ten years in an effort to ensure the policy continues to meet its objective. That objective is to facilitate residence for those Immigrants who have potential to make a significant contribution to New Zealand’s economic transformation.
The below mentionedt policy was introduced in 2005. This policy requires that $2 million is deposited with the government, with a return equal to the rate of inflation. The policy was designed to ensure only genuine investors, committed to living in New Zealand and with the ability to contribute long-term to the New Zealand economy and society would gain residence.
Active investment, on the other hand, is about creating a closer link between investor migrants and New Zealand businesses. More active investment would ensure that investor migrants are more likely to utilize their human and financial capital to support New Zealand’s economic development.
|Current policy||1. Global Investor Category||2. Professional Investor||3. General (Active) Investor points system|
|Investment capital||$2M for 5 years. Deposit with the government.||$20M for 4 years. At least $5M active.||$10M for 4 years. At least $2M active||$2.5M for 4 years. Must be at least semi-active.|
|Min. business experience||5 years||4 years||4 years||4 years|
|Max. age||Up to 54||None||Up to 64||Up to 54|
|Clinical dental therapist||IELTS 5||None||IELTS 4||IELTS 5|
|Min. settlement funds||None||None||None||$1M|
|Min. time in NZ||20% in total||20% every year||30% every year||40% every year|
If your application under the Long Term Business Category is approved, in the first instance you will be granted a Work Permit that expires after nine months. This allows you the time to take steps to establish your business. Before the nine months have expired you can apply for a further Work Permit to take your stay up to a total of three years.
To gain a further permit, you need to show that you’re making reasonable progress in setting up your business. This could include:
There are many other benifits that comes with the business Immigrant Visa to the migrant like education for children till 12th standard is subsidised and the spouse and other family members can also accompany the Business migrant to New Zealand.