New Zealand is making a major change to the way business people can live and work in the country as it just announced the closure of the Entrepreneur Work Visa and introduced a new visa category, the Business Investor Visa aimed at experienced investors who want to buy or expand an existing business.
Key Change in Policy
The Entrepreneur Work Visa is no longer available for new applications. This program was designed for people who wanted to establish their own businesses in New Zealand, but according to Immigration New Zealand, it did not meet expectations. Applications remained low, and many were rejected.
To replace it, the government has rolled out the Business Investor Visa. This program is designed for investors with proven business experience who are prepared to put money into existing New Zealand companies.
Details of the Business Investor Visa
The new visa will open in November 2025 and offers two investment pathways:
- Invest NZD $1 million in an existing business → three-year work-to-residence route
- Invest NZD $2 million in an existing business → fast-track residence in 12 months
Applicants can either purchase a full business or secure at least 25% ownership of an existing company. Both options eventually lead to permanent residence under the Business Investor Resident Visa, provided all conditions are met.
How It Differs from the Old Visa
The earlier Entrepreneur Work Visa supported those starting a new venture. In contrast, the Business Investor Visa directs investment into running businesses. Officials say it has clearer rules, quicker processing, and stronger ties to job creation.
Existing Applicants
Those who already applied for the Entrepreneur Work Visa will still be processed under the old rules. Holders of this visa may continue to apply for residence or renew their status if needed.
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Broader Investment Options
This new category will sit beside the Active Investor Plus Visa, refreshed in April 2025 for high-value investors. Authorities have also hinted at a possible new visa for startup founders, but details are still pending.
Immigration Minister Erica Stanford said the move is about keeping businesses alive, creating jobs, and boosting incomes by bringing in overseas investment. More details on requirements will be available in October 2025, ahead of the November launch.
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