Global impact visa is a pilot project targeting talented, innovative business thinkers, investors and start-up teams who have the potential to launch and run ventures based on innovation.
The candidates are selected by the provider, the Sir Edmund Hillary Fellowship, contracted by Immigration New Zealand for the term of the pilot. This visa is one of a kind in the sense that it allows flexibility to work and live in New Zealand for its holders, while they are establishing and managing their ventures. In addition, it also provides a pathway to permanent residence.
The number of candidates that can be accepted is capped at 400 during the 4-year duration of the programme.
After the provider identifies and selects the suitable candidates, INZ will perform an initial assessment. If the results prove to be satisfactory, it will issue a 36-month work visa for the candidate.
To be successful, the applicants must meet the English language requirements. For this visa, they are at the same proficiency level as principal applicants under the Skilled Migrant Category. The applicant will also need to possess sufficient maintenance funds ($36000) and meet health and character requirements. Finally, the candidates will need to match the description of fit and proper person. If investing, there is a need to show that the investment funds have been acquired in a lawful way.
Business specialists at Immigration New Zealand must see satisfactory evidence that the investment proposed does not bear unnecessary risk to New Zealand laws or policies.
The 36-month visa, if granted, will give the successful candidate 3 months to enter New Zealand, and allow multiple journeys.
The global impact visa does not prevent self-employment and permits to work anywhere in New Zealand.
The provider’s support is essential and should be maintained throughout the whole validity of the Global Impact Visa.
When 30 months pass, the participants may seek the Global Impact Permanent Resident visa with the support of the provider. This visa is part of the ‘residence-from-work’ visas, which allow smooth transition to residency.
Needless to say, all visa conditions, including health and character, fit and proper person, etc., should be met.