Immigration New Zealand announced today that they will be introducing changes to the Talent Accredited Employer Work Visa from 7th October 2019.
One of the most significant changes is that the minimum salary will increase from NZD $55,000 to NZD $79,560.
The main changes to the Talent Accredited Employer Work Visa, coming into effect on 7th October 2019, are:
- The minimum salary will increase from NZD $55,000 to NZD $79,560
- Employers can only be accredited for up to 24 months and will need to reapply after this period
- There will no longer be an option to obtain a Permanent Resident Visa when you apply for a Talent (Accredited Employer) Resident Visa and earn over NZD $90,000
The increased salary of NZD $79,560 has been set at 150% of the current New Zealand median income. It is based on a 40 hour week, which means that applicants must earn at least NZD $38.25 per hour.
If you already hold a Talent Accredited Employer Work Visa or apply before 7th October 2019, you will still only need to be earning NZD $55,000 when you apply for the Talent Accredited Employer Resident Visa.
Employers will need to renew accreditation after 24 months
Accreditation will only be granted for a 24 month period for all new applications for accreditation and renewals after 7th October 2019.
If your employer does not renew their accreditation after 24 months and you want to continue to work for them, you can, however, continue to do so.