This entrepreneur residence category visa is issued to individuals who have formed a business entity in New Zealand that has demonstrated growth, possibility and innovation. The entrepreneur resident visa can only be granted to an immigrant entrepreneur who has a valid entrepreneur work visa. Whereas the entrepreneur work visa allows a person to buy or start a business activity in New Zealand, the entrepreneur residence visa lets a person become a resident of New Zealand if the business is proved to be innovative and successful.
With this visa you can
Things to note
If you apply after less than 2 years of being self-employed in New Zealand, you’ll be required to have an Entrepreneur Work Visa, have invested minimum NZ $500,000 and have formed 3 new job opportunities in New Zealand.
This visa is for business owners and entrepreneurs who have operated a business for two years on a different visa that allows self-employment. This visa will allow the applicant to become New Zealand Resident.Source: New Zealand Immigration
To be eligible for the Entrepreneur Resident Visa, you must consider following criteria:
Step 1 – You apply for residence
Once you have been working in your own business in New Zealand for 6 months, you can apply for residence.
If you have made an investment of less than NZ$500,000 or created less than 3 new jobs, you will need to wait 2 years before you can proceed to visa apply.
You will need to complete the ‘Entrepreneur Residence Visa Application’ and send it to NZ immigration with your application fee, immigration levy and the supporting documents listed in the application’s checklist.
You may read the following guide to understand the process and requirements.
Step 2 – Assessment of your application
If NZ officer needs any more information to assess your application, they will contact you.
Step 3 – You send the information asked for
When NZ immigration processing team contacts you to explain what information you need to provide, they give you a date they need that information by. You must provide your information and supporting documents by the due date.
Step 4 – Wait for a decision
If you’ve been self-employed for less than 2 years, there will be conditions that You must meet, like continuing to work for yourself in your own business activity, sustaining your capital investment and a minimum number of new employment opportunities your business has created.Source: New Zealand Immigration
Application cost: $ 4,140
This is the charge for New Zealand Immigration to process your application. Immigration department does not refund application costs if they decide to refuse your application.Source: New Zealand Immigration