New Zealand Entrepreneur Work Visa

New Zealand Entrepreneur Visa

New Zealand is known as the best destination for ease of doing business. It allows investors, entrepreneurs, startup founders, and senior management professionals to achieve PR visas under the New Zealand Entrepreneur Work Visa. You can even work in your own business by making a minimum NZD 100,000 investment for three years. With this visa, you can either buy or set up a business in New Zealand, which becomes the first step towards becoming a New Zealand resident.

What are the benefits of a New Zealand Entrepreneur Work Visa?

According to the World Bank, New Zealand is the world’s No. 1 destination for starting a business.
The country is blessed with incredible economic stability and the potential for business growth.
The tax environment is relatively forgiving, with tax concessions including a 6.7% discount.
It is politically stable, with favourable government policies supporting small and medium businesses.
Under this visa, you can start a business solely on your own and become a business owner.
With this visa, you apply for permanent residence in New Zealand.

What are the requirements to get a New Zealand Entrepreneur Work Visa?

Minimum capital investment – Must demonstrate proof to make a capital investment of a minimum NZD 100,000.
English language – validate your English language proficiency with:
IELTS – Overall score of 4.0 or more
TOEFL – Overall score of 31 or more
PTE – Overall score of 29 or more
Cambridge B2 First – Overall score of 142 or more
FCE – Overall score of 142 or more
OET – Grade D or above in all 4 Components

Minimum capital investment Waiver – Applicants can get a waiver for capital investment if the business is in ICT, Science or a high-value export sector and your business shows a high level of innovation.
Entrepreneur points – You must score a minimum of 120 points under the points calculator based on age, capital investment, business experience, benefits of your business to New Zealand and location of your business.
Business plan – Provide a comprehensive business plan outlining information on industry, location, financial information, etc.
Occupational registration – You must apply for NZ Occupational Registration if it’s required to run your business in New Zealand
Business startup – Once you receive an Entrepreneur Work Visa, you must establish a startup business within the first 12 months of your visa.
Identity – Provide proof of your identity, such as a passport or certificate of identity
Health – Must be in good health, validated by medical examination as proof
Character – Must be of good character validated by a police certificate from your native country or any country you have lived in for five years or more
Family Relationship – You must provide proof of relationship with your partner and children

How do you calculate points score under the New Zealand Entrepreneur Work Visa?

Requirements	Particulars	Points
Age	24 years or below	15 Points
	25 to 49 Years	20 Points
	50 to 59 Years	10 Points
Capital Investment	NZD 100,000 to NZD 199,000	0 Points
	NZD 200,000 to NZD 299,000	10 Points
	NZD 300,000 to NZD 399,000	20 Points
	NZD 400,000 to NZD 499,000	30 Points
	NZD 500,000 to NZD 749,000	50 Points
	NZD 750,000 to NZD 999,000	60 Points
	NZD 1 Million	80 Points
Business Experience (Option 1)	Spent 3 to 4 years running own business similar to the proposed business in NZ Spent 5 to 9 years running own business similar to the proposed business in NZ Spent 10 years or more years running own business similar to the proposed business in NZ	20 Points 30 Points 40 Points
Business Experience (Option 2)	Spent 3 to 4 years running own business not similar to the proposed business in NZ Spent 5 to 9 years running own business not similar to the proposed business in NZ Spent 10 years or more years running own business not similar to the proposed business in NZ	5 Points 15 Points 20 Points
Business Experience (Option 3)	Spent 5 to 9 years as Senior Manager in a business similar to the proposed business in NZ Spent 10 years or more as Senior Manager in a business similar to the proposed business in NZ	5 Points 10 Points
Benefits of your Business to New Zealand (Option 1)	Proposed business to provide 1 Full-time job Proposed business to provide 2 Full-time jobs Proposed business to provide 3 to 4 Full-time jobs Proposed business to provide 5 to 9 Full-time jobs Proposed business to provide 10 or more Full-time job	10 Points 20 Points 30 Points 50 Points 80 Points
Benefits of your Business to New Zealand (Option 2)	Proposed business with projected turnover of NZD 200,000 to NZD 299,000 Proposed business with projected turnover of NZD 300,000 to NZD 399,000 Proposed business with projected turnover of NZD 400,000 to NZD 499,000 Proposed business with projected turnover of NZD 500,000 to NZD 749,000 Proposed business with projected turnover of NZD 750,000 to NZD 999,000 Proposed business with a projected turnover of NZD 1 Million or more	10 Points 20 Points 30 Points 40 Points 60 Points 80 Points
Benefits of your Business to NZ (Option 3)	Proposed business to provide project unique & innovative products or services	30 Points
Business Location	Business Location in Auckland Business Location Outside of Auckland	0 Points 40 Points

What is the step-by-step process of the New Zealand Entrepreneur Work Visa?

Documents – Arrange your documents as per the checklist.

Application Submission – Complete the ‘Entrepreneur Work Visa Application’, submit the non-refundable fee of NZD 3920 along with supporting documents

Decision – The authority will take 10 to 12 months to process the applications

Final Visa – Firstly, applicants will receive an initial startup visa for 12 months. Once the startup is established after 12 months, the authority will grant an Entrepreneur Work Visa for the remaining two years.

How do you apply for a New Zealand Entrepreneur Work Visa?

You can submit the application fee of NZD 3920 by Visa or Mastercard Credit Card or Debit Card
You must mail the complete application form, fee receipt and documents to the courier address:
Immigration NZ
DX Box: EP71514, 20 Fairfax Avenue, Penrose,
Auckland 1061, New Zealand

If you wish to start or buy a business in New Zealand with an investment as low as NZD 100,000 for PR, then the New Zealand Entrepreneur Work Visa is the perfect program for you. Additionally, you can even work for your own business. For more information on the program, you can connect with our business visa experts at 8595338595 or mail us at [email protected]