An amalgamation of excellent working environment, comprehensive policy framework, high growth opportunities and diversified market place, New Zealand is among the most lucrative destinations for establishing a business or investing in an existing one. The Government of New Zealand has designed special business immigration visa categories that allow foreign entrepreneurs and investors to come to the nation and contribute significantly to the country’s economy.
There are mainly three types of visas that are offered by Immigration New Zealand under the business visa category. These are:-
Entrepreneur Work Visa
Entrepreneur Work Visa is meant for those who wish to run their own business in New Zealand. Applicants of this category can also apply for an Entrepreneur Residence Visa once they have successfully run their businesses for a minimum of two years (or 6 months in case they meet the extra conditions). On the other hand, individuals already on a Long Term Business Visa (LTBV) can apply for permanent residency in New Zealand under the Entrepreneur Residence Category.
The basic requirements under this category are as follows:-
How the Entrepreneur Visa Works
An Entrepreneur Work Visa is a three year work visa that includes two stages
The start-up stage:
Under an Entrepreneur Work Visa, you will be given a 12 month work visa initially. This would enable you to buy and/ or establish your business in New Zealand.
The balance stage:
Once you show the business migration branch that you have taken the appropriate steps to establish a business in New Zealand, you will receive approval for the remaining 24 months of your Entrepreneur Work Visa.
Examples of steps that can be shown to the business migration branch for this purpose include:
As mentioned, the eligibility for an Entrepreneur Work Visa to New Zealand, you have to score a minimum of 120 points. To get a basic idea of where you stand on the points scale, you can click here.
Yes. Partners and dependent children can be given a work or student visa in case they are accompanying the holder of an Entrepreneur Work Visa to the New Zealand.
The time taken to process and issue a business visa can vary depending on:
All funds genuinely used in the incorporation and operations of a business can potentially be accepted as a part of the capital investment made by an entrepreneur. Recognized capital investments do not include the following:-
In order to apply for New Zealand Entrepreneur Work Visa, you must provide:
You would be expected to invest a minimum of NZ$1 million and generate at least one new job in order to be eligible for this New Zealand Business Permit Visa.
An Entrepreneur Work Visa to New Zealand is a three year work permit split into two stages:-
Start-up stage: In case your Entrepreneur Work permit is approved by the immigration authorities, you will initially be allotted a 12-month work visa which shall enable you to establish your business or buy an existing one in New Zealand.
Balance stage: This comprises of the remaining 24 months of your visa. You can be granted the Balance of your Entrepreneur Work Visa only when you have showcased the Business Migration Branch that you have taken the necessary steps to establish your business in the nation.
Personal use of investment funds means utilization of fund to purchase assets for one’s own use, such as a personal residence, car or similar.
Yes. Once your investor visa application has been approved in principle you are eligible for a 12-month multiple entry work visa to pay a visit to New Zealand and explore investment options in the nation.
Acquiring a business visa to New Zealand can be a tedious task. Availing the services of an expert consultant like WWICS Global Resettlement Solutions can save your time, money and efforts. Housing a team of qualified professionals who have extensive experience in immigration and settlement process, WWICS guides you through the entire process, keeps you updated about the processing times and even takes care of all the legal formalities that follow, to help you obtain your New Zealand business visa in the shortest possible time.
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