New Zealand to launch entrepreneur visa program in 2017

New Zealand government has announced to start a 4 – years pilot project for a new Visa in the category of innovation based ventures in the country starting first quarter of 2017. 
The Immigration New Zealand (INZ) will be partnering with the Edmund Hillary Fellowship to unveil the visa program that aims to benefit the entrepreneurs, start-ups and investors to start their business in New Zealand. The Global Impact Visa (GIV) will be restricted to mere 400 during the 4- year pilot period. The first lot of the applicants in the New Zealand on this visa, is expected to arrive during the second half 2017.
“Edmund Hillary Fellowship (EHF) has been selected as the private sector provider to deliver the attraction, selection and integration program for Global Impact Visa’s. EHF will identify potential applicants and build a regional network that would support the participants across the country, while INZ will be responsible for administering and processing the visas, said Michael Woodhouse, the Immigration Minister at New Zealand.
EHF is an alliance between the Hillary Institute for International Leadership, and the Kiwi Connect.
Apart from the 400 Global Impact Visa, nearly 80 entrepreneurs & investors from New Zealand will be accepted into EHF during the 4 years. This initiative will provide opportunity to the alliance between Global Impact Visa’s immigrants and the entrepreneurs and investors from New Zealand.
He also said that a Working Holiday Scheme was signed with Luxembourg to let 50 youngsters between the age group of 18 to 30 from the two nations to work and reside in each other starting April 2017.