New Zealand Sets NZD $1.5M Investment for Business Visa

Immigration New Zealand has published the full requirements for its Business Investor Work Visa, which necessitates a minimum investment of NZD $1 million into an established New Zealand business that the applicant intends to actively operate. The visa allows for a stay of up to four years.

Additionally, applicants must demonstrate they possess at least NZD $500,000 in additional funds to support themselves and any family members during the business establishment phase. This results in a total minimum financial commitment of NZD $1.5 million for a single applicant, excluding other costs.

The visa is restricted to individuals aged 55 or younger at the time of application. Candidates must also meet specific business experience requirements, assessed during the application process, and possess a working command of English.

Furthermore, applicants must pass a character assessment to be deemed fit and proper. The business must qualify as an acceptable established New Zealand business under immigration rules, prohibiting the establishment of a new company solely for meeting investment criteria.