Under the New Zealand Entrepreneur Work Visa Category, business people may migrate here if they have professional experience gained from operating their own business or from holding a senior management position in a business enterprise. It is acceptable under this category to either buy, invest, or start up a business.
Stipulations of the Entrepreneur Visa:
The visa provides residence permission for 12 months to set up the business, and then another 24 months after showing that the business meets all regulatory requirements and runs smoothly.
Once the business has been operating continuously for two years, visa holders are eligible to apply for permanent residence, if they so choose.
To apply for an Entrepreneur Work Visa, it is vital to demonstrate how your business will benefit New Zealand. You will need to:
Provide a detailed business plan.
Have at least NZ $100,000 to invest in the business.
Be able to show 120 points on NZ’s points scale.
Things to Note:
New Zealand is very committed to supporting innovative businesses with a global impact, so if yours is in the science or ICT sectors, or shows a high level of innovation or export potential, INZ may potentially waive the requirement for a NZ $100,000 capital investment.
You will not be found eligible for an Entrepreneur Work Visa if you have gone bankrupt or been involved in a business failure in the last five years.
You will also be disqualified if you have been proven involved in any sort of business fraud or financial wrongdoing.
Our services can help provide advice and assistance throughout the application process, from initial determination of eligibility through tailoring the business plan and getting connected with the services in New Zealand to support establishment of the business, such as real estate agents, lawyers, financial institutions, and accountants.