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. Work Visa can be extended upto 3 years by satisfying visa officer.
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: