New Zealand Permanent Residency Entrepreneur Resident Visa

Application Fee:

 

NZD $4,140

Processing Time:

 

12 months

Table of Contents

Overview

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

  • Continue to run your own business in New Zealand.
  • Live, work and study in New Zealand.
  • Include your spouse, and dependent children aged 24 and under, in your visa residence application

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.

Source: New Zealand Immigration

Who is it for

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

How to qualify

To be eligible for the Entrepreneur Resident Visa, you must consider following criteria:

  • You must be able to provide an English Test result with your application. English language test results must be no more than 2 years old;
  • Your partner and dependent children must meet all the visa requirements for this visa;
  • You must have a valid Entrepreneur Work Visa if you have been self-employed for less than two years;
  • you meet all the requirements for an Entrepreneur Work Visa;
  • You must provide evidence that shows how long you’ve been running your business in New Zealand, which may include: a certificate of incorporation, audited financial statements, GST records, and etc;
  • You must have invested at least as much capital as outlined in your business plan;
  • create 5 or more jobs for New Zealanders; and
  • Make sale/turnover NZ $500,000 in annual exports.

Source: New Zealand Immigration

The process

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

The document needed

  • A completed and signed the application form;
  • Current passport(s) or certificate(s) of identity (the original documents or certified copies) for every person included in this application;
  • Two passport-sized photographs of every person included in this application;
  • Full birth certificate(s) for every person included in this application;
  • Application fee and immigration levy fee;
  • Evidence that you (main applicant) meet the minimum standard of English;
  • Evidence that any partner and/or dependent children included in the application meets the minimum standard of English;
  • Evidence of your relationship with your partner and dependent children (if applicable);
  • Evidence that your partner (if applicable) and you meet Partnership Instructions requirements.
  • Evidence of good medical report; and
  • Police certificate(s) (less than six months old) for every person included in this application who are 17 years and above.

Source: New Zealand Immigration

Government Fees

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

Additional information