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Business Visas

New Zealand is among the most lucrative destinations for establishing a business or investing in an existing one, an amalgamation of excellent working environment, comprehensive policy framework, high growth opportunities and diversified market place.

Immigration New Zealand offers mainly three types of visas that are offered by under the business visa category. These are:-

  • Entrepreneur Work Visa
  • Employees of Relocating Businesses
  • Investor Visa

Entrepreneur Work Visa

Under Entrepreneur Work Visa, applicants may run their own business in New Zealand. Entrepreneur Residence Visa can also be applied by the applicants of this category once they have successfully run their businesses for a minimum of two years (or 6 months in case they meet the extra conditions). Individuals already on a Long Term Business Visa (LTBV) can apply for permanent residency in New Zealand under the Entrepreneur Residence Category, on the other hand.

The basic requirements under this category are as follows:

  • A minimum capital investment of NZ$ 200,000 (apart from the working capital)
  • Clean recent history of bankruptcy, fraud and business failure
  • A clear business plan with satisfactory evidence demonstrating sure-shot success of the business venture in New Zealand
  • Score 120 points or more on the point scale, with points awarded for factors about the likely success of the venture and its contribution to the economy of New Zealand.
  • A certificate (no more than two years old at the time of filing the application) from IELTS showcasing an overall band score of a minimum of 4 in the IELTS Academic and General Module, or furnish evidence of an English speaking background
  • Character certificate and medical reports

How the Entrepreneur Visa Works

An Entrepreneur Work Visa is a three year work visa that includes two stages

  • Balance stage
  • Start-up stage

The start-up stage:

You will be given a 12 month work visa initially, under an Entrepreneur Work Visa. This would enable you to buy or establish your business in New Zealand.

The balance stage:

Applicant will receive approval for the remaining 24 months of your Entrepreneur Work Visa, once you show the business migration branch that you have taken the appropriate steps to establish a business in New Zealand.

Examples of steps that can be shown to the business migration branch for this purpose include:

  • Transferring a capital for investment through the banking system
  • Actions that you have taken to establish your business:
  • Documents for property purchase or taking a lease for the business' site
  • Invoices for equipment and supplies for your business
  • Documents that show the setting up of your business
  • Agreements of employment, bank statements, utility company invoices, etc.

The eligibility for an Entrepreneur Work Visa to New Zealand, you have to score a minimum of 120 points, as mentioned.

 

Visas in the Business category include:

Business Immigration Program

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