For those who aim to start or expand their business in New Zealand, here is good news. The New Zealand government aims to intake 400 immigrants and permit them to set up their business in the country. For this, in launches a three year entrepreneur visa program. This investor/entrepreneur visa program is offered in association with Edmund Hillary Fellowship; being a collaboration between Kiwi Connect & Hillary Institute for International Leadership.
In context of the program, the CEO OF EHF, Yoseph Ayele said that by this program entrepreneurs who have previously experienced tough times in the nations due to red tape culture or bureaucracy will have another opportunity. As quoted by Forbes, after tenure of three years on this visa, entrepreneurs will also be able to apply for a PR in New Zealand.
Though there would be not much funds or hand-holding available for the investors, they would have an access to the network of Universities, mentors, accelerators, mentors etc. and given grants for R&D. The eligible investors would be granted a freedom to reside anywhere in New Zealand. However, once in every 3-4 months they will have to assemble at one place to discuss their experience and share their thoughts.
The program shall comment from October 2017. Applicants need to first apply to the Edmund Hillary Fellowship and then for the investor visa program to avail all the rights and benefits of this program.