New Zealand Introduces Business Investor Work Visa

New Zealand is introducing a new visa called the Business Investor Work Visa.

This visa is for wealthy business people from other countries who want to invest in New Zealand.

They can invest either NZD 1 million or NZD 2 million in an existing business.

The visa is valid for up to 4 years and can lead to permanent residence.

To get this visa, applicants need to have at least NZD 500,000 in reserve funds and experience running a business.

They also need to create and maintain jobs in New Zealand.

The visa has two stages: the first 12 months to buy and start running the business, and the next 3 years to grow the business.

Applicants must spend at least 184 days per year in New Zealand for 3 years to qualify.