The Niue government has issued four licences for New Zealand long-liners to fish inside the territorial waters.
Kim Gordon, the general manager of Reef Group, which has established a fish processor on the island, says six more boats from New Zealand are also applying for licences to fish in Niue waters.
She says the licence spells out how close to the shore boats can fish, and that a Niuean must be trained as part of the crew.
Ms Gordon says if all ten licences are approved, it will inject millions of dollars into the Niue economy.
"I'm very excited. The people who are coming on board are very committed to the long term future of Niue as well, and for them, their committed to making this a sustainable fishery."
Kim Gordon, the general manager of Reef Group.