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Long Term Business Visa Category Closed

Francis Peters
Francis Peters

ARTICLE by Francis Peters

23 January 2014



The current category of the “Long Term Business Visa”  was officially closed and discontinued at on 20 December 2013. Applicants who have already lodged an application under the old policy can continue to be processed under that policy.

 From March 2014 , the Long Term Business Visa will be replaced with the newly-named Entrepreneur Work Visa and a new points system will be introduced for prospective applicants. Prospective applicants will receive extra points for investing in different  regions within New Zealand. They will also require a minimum capital investment of $100,000 to ensure that they can create high growth and innovative businesses, ideally with export potential.

 The Entrepreneur Plus Category will then be disestablished and to ensure consistency the Entrepreneur Category will be renamed the Entrepreneur Residence Visa.  There will be a fast-track provision for residence for applicants who have successfully established a business and run it for six months, invested at least NZD  $500,000 in it, and created full-time ongoing employment for at least three New Zealanders.

 Please contact the writer Francis Peters on 09 837 5743, or at fpeters@corbanrevell.co.nz to discuss your business migration options with him.

 Francis is a Barrister and Solicitor in Corban Revell’s Litigation Team. He frequently appears in the Waitakere District Court and the North Shore District Court, and has also done appearances in the Auckland District Court and the High Court for Civil matters. He has successful appealed 3 matters in the Immigration and Protection Tribunal (IPT).