Immigrate to New Zealand Through Business
Not like investor visas which permit applying for a resident visa right away;
the Business category includes of two steps – Entrepreneur Work Visas (usually around three years in total) and Entrepreneur Resident Visa.
Most important visa necessities
Functions for an Entrepreneur Work Visa could also be approved if:
- the applicant can exhibit that they’ll meet a minimal capital funding of $100,000 unless this requirement has been waived
(can only be waived for companies in science, ICT, or one other high-value export-oriented sector); and
- the applicant has been awarded a minimal of 120 points; and
- the applicant gives a business plan particular to the proposed business; and
- the applicant has not been concerned in bankruptcy or business failure inside the 5 years preceding the date their application was made; and
- the applicant has not been concerned in business fraud or financial impropriety; and
- the applicant can present proof to satisfy a business immigration specialist that they’ve sufficient funds;
along with investment capital, to finance their business and supply a reasonable living for themselves and their household; and
- has sufficient business experience related to their business proposal with a genuine intent to establish the business described within the business plan
- the applicant and their household meet other basic requirements such as character, health, English, and many others
The business plan is probably the most essential part of the application and should be very well prepared.
INZ would need to see sufficient financial and research documentation to support any of the claims made in regards to the proposed business;
or regarding any facet of the applicant’s skills, funds or expertise.
Entrepreneur Work Visas
The Entrepreneur Work Visa is a particular class of temporary entry class visa with conditions that permit self-employment in New Zealand.
An Entrepreneur Work Visa could also be granted for a complete period of as much as three years, encompassing an Entrepreneur Start-Up stage and Entrepreneur Balance stage.
Just one fee and one immigration levy will likely be charged for an Entrepreneur Work Visa.
The Entrepreneur Start-Up stage is the primary 12 months of the Entrepreneur Work Visa (however it may be extended in some cases).
Through the Entrepreneur Start-Up stage, the holder of the Entrepreneur Work Visa is anticipated to establish and start the operation of an agreed business in New Zealand.
As soon as the business is established as agreed within the business plan, they apply for an additional Entrepreneur Work Visa shifting to the steadiness stage.
The visa will usually be valid for an additional 2 years, being the balance of the 3 year period.
Entrepreneur Resident Visas
This visa is the following step for entrepreneurs who’ve been actively collaborating in enterprise and contributing to New Zealand’s financial growth.
At this stage business folks need to demonstrate that they’ve successfully established a business in New Zealand that realises the advantages outlined of their business plan;
and have operated that business for at the least: two years or six months, relying on their investment.
The six-month rule requires an entrepreneur to have made a capital funding of at least NZ$500,000 of their business and have created at the least three ongoing and sustainable full-time jobs for New Zealand citizens or residents.
kThe two-years rule only requires the business plan to be totally executed and complied with.