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New Zealand Entrepreneur Work Visa

This visa is available to experienced businesspersons interested in being self-employed in their own business. But note, New Zealand does not consider self-employment as the involvement of a passive or speculative nature.

New Zealand Entrepreneur Work Visa

According to the country’s visa porthole Newzealandnow.govt.nz most people start out on an Entrepreneur Work Visa, which allows you to move to New Zealand and buy or establish a business. After either six months or two years you can then apply for residence under the Entrepreneur Residence Category.

Having obtained this visa the visa holder’s partners and dependent children can be granted work and student visas if they are accompanying the holder of an Entrepreneur Work Visa to New Zealand and they can also be included in an Entrepreneur Residence Visa application.

The New Zealand Entrepreneur Work Visa is a three year work visa and is structured in two stages:

Start-up stage:

If your application is approved, you will initially be given a 12-month work visa, enabling you to buy or establish your business in New Zealand.

Balance stage:

Once you have proven that you have taken steps to establish your business, you're granted the remaining 24 months of your visa.

These visas are designed to attract talented, entrepreneurial migrants who can invest in New Zealand’s communities, grow profitable businesses, and create jobs for New Zealanders.

Requirements for the New Zealand Entrepreneur Work Visa

Listed below are some of the requirements to be considered for this visa, but it is advisable to seek professional advice from one of the New World Immigration consultants. The NWI team has years of experience, access to quick and correct facts and will ensure the best possible outcome of your application through their intimate knowledge of New Zealand’s immigration legislation.

• minimum capital investment of NZ$100,000 (excluding working capital)
• 120 points or more, with points awarded for factors about the likely success of the business and its value to New Zealand – your NWI consultant will be able to calculate your points
• A clear business plan
• A clean recent history of bankruptcy, business failure and fraud
• health, character and English language requirements

This visa could lead to residency

There are two ways of qualifying for residence under this policy:

• Entrepreneur Residence Category (2 years) - Requires you to have successfully established or purchased a business in New Zealand and have been self-employed in that business for at least two years, and for your business to have significantly benefited New Zealand.

• Entrepreneur Residence Category (6 months) - This option provides a faster track to residence if you have invested at least NZ$500,000 in your business and have created a minimum of three new full-time jobs for New Zealand citizens or residents.

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