New Zealand has recently implemented new rules for work visas, making it more difficult for foreigners to stay and run a business in the country. The changes, which came into effect on April 7, 2024, aim to prioritize the employment of New Zealanders and ensure that businesses are not taking advantage of the visa system.
Under the new rules, employers must now provide evidence that they have made genuine efforts to hire New Zealand citizens or residents before offering a job to a foreigner. This includes advertising the job locally and providing a detailed explanation as to why a New Zealander was not suitable for the position.
Additionally, the minimum salary threshold for work visas has been increased to NZ$79,560 per year, which is more than double the average salary in New Zealand. This is to ensure that foreign workers are not being paid less than their New Zealand counterparts and to discourage businesses from using cheap foreign labor.
Furthermore, the duration of work visas has been reduced from three years to two years for jobs that are not considered skilled or in high demand. This means that foreigners will have to reapply for a work visa every two years, providing evidence that they are still needed in their current job.
The changes also affect those who wish to start a business in New Zealand. Previously, foreigners could obtain a work visa by investing NZ$100,000 in a business. However, under the new rules, the minimum investment amount has been increased to NZ$1.5 million. This is to ensure that only serious and genuine entrepreneurs are able to enter the country and contribute to its economy.
These changes have been met with mixed reactions. While some applaud the government’s efforts to prioritize local employment and prevent exploitation of the visa system, others argue that it will make it harder for businesses to find skilled workers and hinder the country’s economic growth.
In conclusion, the new rules for work visas in New Zealand aim to strike a balance between protecting the interests of New Zealanders and attracting skilled workers and entrepreneurs to the country. Only time will tell how these changes will impact the country’s job market and economy.