Global impact visa new zealand

The Global Impact Visa (GIV) is a new visa category introduced by Immigration New Zealand in 2020, aimed at attracting high-impact entrepreneurs, innovators, and investors who can contribute to the country's economic growth and development.

Here are some key features and benefits of the Global Impact Visa:

Eligibility:

• The GIV is open to individuals who have a proven track record of success in their field, have a strong network, and can demonstrate a significant impact on New Zealand's economy.
• Applicants must have a minimum net worth of NZD 1 million and be willing to invest at least NZD 500,000 in a New Zealand business or project.
• They must also have a minimum of 5 years of relevant work experience and a strong understanding of the New Zealand business environment.

Benefits:

• The GIV offers a range of benefits, including:
  • A 5-year resident visa, which can be renewed for an additional 5 years.
  • The ability to work in New Zealand without the need for a work visa.
  • The right to bring family members to New Zealand.
  • Access to a dedicated GIV support team, which provides assistance with business setup, networking, and integration into the New Zealand community.
  • Opportunities to participate in GIV events and networking sessions, which connect GIV holders with other entrepreneurs, investors, and industry leaders.

Investment requirements:

• GIV holders must invest at least NZD 500,000 in a New Zealand business or project, which can include:
  • Starting a new business.
  • Investing in an existing business.
  • Participating in a joint venture or partnership.
  • Investing in a New Zealand-based startup or scale-up.

Impact requirements:

• GIV holders must demonstrate a significant impact on New Zealand's economy, which can be achieved through:
  • Creating jobs and stimulating economic growth.
  • Developing innovative products or services.
  • Contributing to the growth of a specific industry or sector.
  • Supporting the development of a particular region or community.

Application process:

• The GIV application process involves submitting an Expression of Interest (EOI) and then applying for a visa.
• The EOI must include a detailed business plan, which outlines the applicant's proposed investment and impact in New Zealand.
• The visa application will be assessed based on the applicant's business plan, investment, and impact requirements.

Overall, the Global Impact Visa is designed to attract high-impact entrepreneurs, innovators, and investors who can contribute to New Zealand's economic growth and development. If you're interested in applying for the GIV, it's essential to carefully review the eligibility criteria, benefits, and application process to ensure you meet the requirements.