Cabinet paper PDF - New Zealand Immigration Service

More documents

Recommendations

Info

2.6.7 a plan to invest outside of Auckland (migrants would also need toreside outside of Auckland);2.6.8 having undertaken market research, or having the endorsement ofa chamber of commerce, an economic development agency, orany other relevant government agency;2.7 establishing the initial pass mark of 120 points;2.8 enabling Immigration Instructions to allow for discretion to waive theminimum capital requirement of $100,000, in exceptional cases, forapplicants proposing to establish a science or ICT-based business, orother export-oriented sector, where it displays a high level of innovation orhas credible short-term high growth prospects;2.9 enabling bonus points to be amended, as appropriate, by the Minster ofImmigration, in consultation with the Minister of Economic Developmentand the Minister of Small Business;2.10 amending policy to state that applicants for a visa in the EntrepreneurWork Visa category may only submit a change in the business plan fortheir business once, and that these changes must be minimal otherwisethis will constitute a new application;3 agree that the definition of an “acceptable investment” for the purposes ofInvestor policy be expanded to include investments in venture capital vehicles;4 note that the new policies will be introduced by the end of March 2014;5 invite the Minister of Immigration to close the Long Term Business Visa (LTBV)category five days after the new policies are announced; and6 invite the Minister of Immigration to submit drafting instructions to theParliamentary Counsel Office to amend the Immigration (Visa, Entry Permissionand Related Matters) Regulations 2010 to:6.1 remove the LTBV from the fees schedule and replace it with theEntrepreneur Work Visa;6.2 remove the Entrepreneur Visa from the fees schedule and replace it withthe Entrepreneur Residence Visa; and6.3 remove the Entrepreneur Plus Visa from the fees schedule.Hon Michael WoodhouseMinister of Immigration...... / ...... / ......
Appendix OneSummary of applications and approvals under LTBV/Entrepreneur policiesLTBV (Interim)Total no. of approvals forthe full year 2011/12Total no. of approvals forthe full year 2012/13Total no. of approvalsfor FY YTD 2013512 413 79LTBV (Balanceof 3 years)330 318 117EntrepreneurTotal no. ofapprovals for the fullyear 2011/12Total no. of approvals forthe full year 2012/13Total no. of approvals forJuly 2013123 142 21Entrepreneur Plus 11 7 2
Page 3 and 4: visa for the remainder of the three
Page 5 and 6: Changes are proposed to business mi
Page 7 and 8: Proposed changes Specific details B
Page 9: Legislative implications45 Regulato
Page 13: Bonus points (Choose 1)Regional bon

Cabinet paper PDF - New Zealand Immigration Service

You also want an ePaper? Increase the reach of your titles

Delete template?

Save as template?