
A variety of immigration, business and general news articles taken from New Zealand newspapers, websites and other sources (sources are mentioned at the bottom of each article) and selected by Terra Nova Consultancy Ltd. It may assist the reader being more or less up-to-date what is happening in Aotearoa, "the Land of the Long White Cloud". Happy reading, enjoy ... and if you have any questions on these updates - please contact us...
Newest article always on top.
Parent Resident Visa restarts
Selections for the Parent Resident Visa Category expressions of interest (EOIs) are restarting and the number of visas that can be granted each year has increased from 1,000 to 2,500. The income threshold required for sponsors has also been lowered. This means more people will be able to bring their parents to join them in New Zealand.
INZ will restart selections of EOIs from the current queue from 14 November, and selections are planned for every three months after that. New EOIs will be selected by ballot with the first selection in August 2023.
EOI selection has been paused since 2016 to allow for a review of the Parent Category settings. It was set to restart in 2020, however, it was further paused due to the pandemic. INZ appreciate things may have changed for many families since they submitted their EOIs, and they want to make sure they are aware of the options available to them.
Key details of the changes are noted below, and more information is on the Immigration New Zealand (INZ) website.
Visa category
Applications are now open for the Accredited Employer Work Visa (AEWV). This would only be applicabl;e when you decide to employ migrants in your workforce.
The AEWV is a new temporary work visa that replaces six temporary work visas, including the Essential Skills Work Visa and Talent (Accredited Employer) Work Visa.
The AEWV is designed to ensure New Zealanders are first in line for jobs. Where genuine skills shortages exist, accredited employers can hire skilled migrant workers. The AEWV will reduce the risk of migrant exploitation and give more certainty to migrants about the role they’re applying for.
As part of the new AEWV, employers must be accredited and have completed a job check before they are able to hire a temporary migrant worker.
Migrant worker visa – estimated processing time of 20 working days.
Question from Heather du Plessis - Allan Drive NewstalkNZ on air:
Is it important for offshore investors who move to New Zealand to be able to speak English?
I’m asking this because Stuart Nash has now made it harder for investors who want to bring their money here to pass the English language test.
So beforehand, we offered two investor visas.
Only one of them required an English language test. The other one: nothing at all
And the test – called an IELTS test – required a score of 3.
Now all investors need to pass an English language test.
And they have to score five.
Why?
Why do investors need to pass a harder test?
But why do investors need to be able to speak English at all?
I can understand if we require certain migrants like doctors to be able to speak English because that’s life or death stuff and communication is essential.
But it makes no sense to require investors to speak English.
Because all we need them to do is put their money into growing Kiwi businesses.
Whether they can speak English or not is unimportant.
The US and Australia don’t require an English language test and we can’t afford to put obstacles like this in the way of investors.
We need their money.
We need people like that to move here.
Already, we’re struggling.
Last year we had 400 spots set aside for investors – only 176 were approved.
This new investor category, even the Minister admits, is going to make it so much harder that we end up with even fewer wealthy migrants coming here.
So again, is speaking English really that important when we all know it’s money that talks?
Source NewstalkZB on air
Wealthy foreigners seeking residency in New Zealand will soon be incentivised to invest directly in local companies rather than in shares or bonds.
The government unveiled an overhaul of the investor visa settings on this afternoon, replacing two categories with a new pathway.The new system means applicants will have to invest at least $15 million over three years or just $5 million if the funds go directly to a New Zealand business.
Investors will also have to spend roughly four months over four years in the country, about a month longer than now.
Economic Development Minister Stuart Nash said the old visa categories attracted more than $12 billion over the past decade but much of it was passive investment in shares and bonds.
He said the new Active Investor Plus visa would attract "active and high-value migrants" who could offer their international expertise to local businesses.
"Overall, the visa changes are a win-win for New Zealand and migrant investors. Investors secure an opportunity to invest in smart and innovative New Zealand businesses that have the potential to be globally successful, and Kiwi businesses gain valuable skills, connections, and capital."
'Double standards' of immigration settings
The Government is changing up investor visa requirements, creating a new category and scrapping two current pathways.
Economic Regional Development Minister Stuart Nash said the Active Investor Plus visa "will attract active and high-value migrants who will bring their international expertise to help New Zealand businesses to grow, which increases local employment and directly benefits the economy".
He said the old investment visa categories attracted over $12 billion but "often resulted in passive investment in shares and bonds rather than directly into New Zealand companies, meaning a missed opportunity to attract more active investors who can deliver real benefits to our economy over a long period of time".
"Investors secure an opportunity to invest in smart and innovative New Zealand businesses that have the potential to be globally successful, and Kiwi businesses gain valuable skills, connections, and capital. This will make New Zealand more competitive in the international marketplace and take our businesses to the next level."
People will need a minimum investment threshold of $15 million, or the weighted equivalent, which could see people eligible if they intended to make direct investments of $5m.
Read more: 20/07/2022 - New visa category created for 'high-value' investors
Explantion of the Entrepreneur Work Visa application
The Entrepreneur Work Visa Category (BB):
The Entrepreneur Work Visa is a temporary work visa which may lead to a Residence application under the Entrepreneur Residence Visa category (BH)
The objective of the Entrepreneur Work Visa is to contribute to NZ's economic growth by enabling experienced business people to grow or establish a high growth and innovative business with export potential (BB1).
The Entrepreneur Work Visa is a points based type application, that requires a minimum of 120 points (this may change from time to time).
Points are obtained through (BB3.10);
Post-Study Work Visas or Open Work visas for students who studied in NZ;
When you study a Level 7 non-Bachelor/non-degree qualification and when the study is linked to a Green List job, and the study is at least 30 weeks in NZ (NOT including any distance learning).
When you study any Post-Graduate Diploma or Bachelor qualification, and when studied 30 weeks in NZ (NOT including any distance learning).
Post study work rights for non-degree students who have studied for Green List relevant qualifications will only allow the migrant to work in that occupation, though they can switch employers and work for less than the median wage.
Bachelor when studied 60 weeks in NZ (NOT including any distance learning).
Bachelor when studied 90 weeks in NZ (NOT including any distance learning).
Masters Level 9 (both course-work and research) and PhD Level 10, and when studied at least 30 weeks in NZ (NOT including any distance learning).
When you study at Level 9 and 10, you may bring your family with you.
As the impact of the coronavirus continues to evolve, we face this unprecedented situation together. The pandemic is affecting all of us. At Terra Nova Consultancy Ltd we wish to reach out and update you on how we are addressing it. Our top priority is to protect the health and safety of our employees, clients, and our communities. Our focus on customer service remains at the center of everything we do, and we are fully committed to continue to serve you with our services, and striving to provide our services without interruption.Please listen and act upon the advise given by the Government, only in that way will we together be able to combat this challenge. And as always, stay healthy and keep safe.
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