The Government hopes a new business visa will encourage migrants to set up high-quality businesses and create more jobs.
The new entrepreneur work visa, launched today, replaces the long-term business visa, Immigration Minister Michael Woodhouse says.
The visa operates under a points-based system that will result in higher quality, more productive businesses.
Mr Woodhouse hopes it will help New Zealand attract talented, well-connected people to invest in and grow businesses.
The new visa offers extra points for expanding businesses outside the Auckland region, which remains the primary destination for new migrants.
"The inclusion of regional points is designed to encourage new potential investors to settle and grow new businesses across the country, and to share the benefit of the extra jobs these businesses create," Mr Woodhouse said.