
In March 2014, the New Zealand government will introduce two entrepreneur visa categories in an effort to create more local businesses and attract more foreign entrepreneurs and investors.
The Entrepreneur Work Visa will replace the current Long-Term Business Visa and will feature a points-based system with criteria related to business experience, employment creation, export potential, innovation, age, and a plan to invest outside of Auckland. A minimum capital investment of NZD 100,000 is a key requirement.
Since December 20, 2013, applications for the Long-Term Business Visa are no longer accepted, but applications submitted before this date will continue to be processed. As a result, foreign nationals will not be able to apply for a self-employment work visa until the creation of the new Entrepreneur Work Visa, anticipated to be March 2014. The Long-Term Business Visa has been the only option for foreign nationals intending to establish a new business or assume ownership of an existing business in New Zealand.
The current Entrepreneur and Entrepreneur Plus Categories will be discontinued and renamed simply the Entrepreneur Residence Visa. This visa will include a fast-track residence option for applicants who have successfully invested NZD 500,000 in a business that has been in operation for at least six months and has generated full-time ongoing employment for at least three New Zealand nationals or permanent residents.
Government guidance with full details of the new requirements will likely be released in late February 2014. As future guidance for the new programs is developed, Immigration New Zealand will seek feedback from organizations representing the country's immigration advisers.
This alert is for informational purposes only. Fragomen’s Worldwide Investor Group focuses on issues, developments, and strategies for entrepreneurs and investors around the globe. If you have any questions, please do not hesitate to contact the global immigration professional with whom you work at Fragomen Global Immigration Services or send an email to [email protected].
Explore more at Fragomen

Media mentions
Partner Bo Cooper explains that while new H-1B fees affect future petitions, US opportunities for international talent remain highly valued.

Blog post
Assistant Manager Charo Medida explains the work permit requirements for employers and professionals under the UAE Golden Visa programme.

Media mentions
Partner Bo Cooper explains how proposed H-1B fee and lottery changes impact hiring of skilled international talent across sectors.

Media mentions
Partner Haider Hussain underlines the role of talent mobility in shaping future growth sectors in the Kingdom.

Fragomen news
Fragomen is recognised by the Financial Times for its innovative work in workforce mobility and cross-sector collaboration.

Media mentions
Partner Daniel Brown outlines steps companies can take to support employees and maintain smooth operations during compliance-related situations.

Awards
Fragomen has been recognized in the 2026 edition of The Best Law Firms™ in Germany, earning a Regional Tier 1 ranking in Hessen for Labor and Employment Law.

Media mentions
Partner Shayan Sultan discusses a rise in inquiries about UAE residency and remote work programmes amid global talent mobility trends.

Media mentions
Partner Rajiv Naik, Senior Manager Thomas Kingsmill and Manager Ko Ito highlight rising UK sponsor licence revocations and how HR and mobility leaders can manage the impact.

Media mentions
Partner Bo Cooper discusses the $100,000 H-1B fee and its impact on financial, banking and technology firms relying on international talent.

Media mentions

Media mentions
Partner Audrea Golding explains how the $100,000 H-1B fee could affect hiring across the tech industry.

Media mentions
Partner Bo Cooper explains that while new H-1B fees affect future petitions, US opportunities for international talent remain highly valued.

Blog post
Assistant Manager Charo Medida explains the work permit requirements for employers and professionals under the UAE Golden Visa programme.

Media mentions
Partner Bo Cooper explains how proposed H-1B fee and lottery changes impact hiring of skilled international talent across sectors.

Media mentions
Partner Haider Hussain underlines the role of talent mobility in shaping future growth sectors in the Kingdom.

Fragomen news
Fragomen is recognised by the Financial Times for its innovative work in workforce mobility and cross-sector collaboration.

Media mentions
Partner Daniel Brown outlines steps companies can take to support employees and maintain smooth operations during compliance-related situations.

Awards
Fragomen has been recognized in the 2026 edition of The Best Law Firms™ in Germany, earning a Regional Tier 1 ranking in Hessen for Labor and Employment Law.

Media mentions
Partner Shayan Sultan discusses a rise in inquiries about UAE residency and remote work programmes amid global talent mobility trends.

Media mentions
Partner Rajiv Naik, Senior Manager Thomas Kingsmill and Manager Ko Ito highlight rising UK sponsor licence revocations and how HR and mobility leaders can manage the impact.

Media mentions
Partner Bo Cooper discusses the $100,000 H-1B fee and its impact on financial, banking and technology firms relying on international talent.

Media mentions

Media mentions
Partner Audrea Golding explains how the $100,000 H-1B fee could affect hiring across the tech industry.