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Entrepreneur Resident Visa for NZ

If you have been self-employed in New Zealand for at least six months or have operated your business for two years on a different visa, you may be eligible for an Entrepreneur Resident Visa for New Zealand.

To learn more about the Entrepreneur Resident Visa and how to apply, call Total Law on +44 (0)333 305 9375 or chat with one of our advisers online.

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    Overview of Entrepreneur Resident Visa for New Zealand

    The Entrepreneur Resident Visa was introduced for individuals who can demonstrate their active participation in business and contribute to developing New Zealand’s economy.

    It is essential to understand the Entrepreneur Resident Visa process, as various eligibility requirements must be met before applying for this visa.

    Besides continuing to operate your own business in New Zealand, obtaining this visa also allows you to live, work and study in New Zealand.

    The Entrepreneur Residence Visa category also allows you to bring your partner and dependent children under the age of 24 to join you in New Zealand.

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    Entrepreneur Resident Visa Requirements for Applicants

    Overview

    For the Entrepreneur Residence Visa for NZ you might be required to hold an Entrepreneur Work Visa, Long Term Business Visa or other NZ visa which allows self-employment. You must hold one of those visas if you have been self-employed for less than two years.

    If you do not hold any of those visas, you must meet all the requirements for an Entrepreneur Work Visa category.

    The Entrepreneur Work Visa is valid for 12 months, and applicants may be granted an extension if they continue to work on their business start-up phase after the 12 months. When extending the Entrepreneur Work Visa, applicants can stay in New Zealand for an additional 24 months.

    Entrepreneur Work Visa Requirements

    To qualify for the Entrepreneur Work Visa, you must meet the following requirements:

    • Be in good health and undergo a medical examination, with a chest x-ray
    • Demonstrate that you are of good character
    • Show that you speak and understand English
    • Have a genuine relationship with your dependent children and partner (if applicable)
    • Be able to make a capital investment of at least NZ $100,000 and request for a minimum capital investment waiver to be considered
    • Be awarded at least 120 entrepreneur points
    • Provide a detailed business plan
    • Have New Zealand occupational registration to run your business in New Zealand
    • Start up your business within the first 12 months of your visa
    • Agree to take part in an evaluation of the Entrepreneur Work Visa

    Waiver For The Minimum Capital Investment Requirement

    If you’ve been running your business for less than two years, you may be eligible for waiving the minimum capital investment requirement if your business is in science, ICT or another high-value export sector and demonstrates a significant level of innovation or short-term growth potential.

    For your business to be classified as a high-value export business, it must aim to:

    • Create five or more jobs for New Zealanders
    • Generate NZ $500,000 in annual exports

    To demonstrate a high level of innovation, you must show that:

    • You have developed new methods to increase the production of goods or services without raising production costs and;
    • That your business is likely to succeed due to this innovation

    Entrepreneur Resident Visa Requirements

    There are several eligibility requirements for an Entrepreneur Resident Visa for NZ, including:

    • Be in good health
    • Be of good character
    • Speak and understand English
    • Have a genuine relationship with your dependent children and partner (if applicable)
    • You must have a current Entrepreneur Work Visa if you have been employed for less than two years or if you have been working in your own business in New Zealand for at least two years then a current visa which allows for self-employment in NZ, and you meet all the requirements for an Entrepreneur Work Visa
    • Either set up or purchased at least 25% of the shareholding in a New Zealand business and have been running that business for at least six months
    • Prove that your business has met or exceeded the goals outlined in your business plan and have invested at least as much capital as outlined in your business plan
    • Demonstrate that your business is profitable and you receive an annual salary that is at least New Zealand’s full-time minimum wage
    • Your business is contributing to New Zealand’s economic growth
    • Your enterprise complies with New Zealand’s employment and immigration law
    • Not received any welfare assistance or assistance

    If you are still determining whether you meet the requirements for the Entrepreneur Residence Visa for NZ, contact Total Law to receive advice and find out whether you meet the eligibility criteria.

    Call Total Law advisers on +44 (0)333 305 9375 for more information.

    Our experienced immigration team can navigate you through your New Zealand visa application process. Contact Us

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      Documents Required for the Entrepreneur Residence Visa for New Zealand

      • Two recent passport-style photos
      • Original or a certified copy of your passport or certificate of your identity
      • Original or certified copy of your full birth certificate
      • Medical certificate showing that you had a chest x-ray and a medical examination
      • Police clearance certificate to show that you are of good character – you should collect a police certificate from the countries you are a citizen of or any other country you have stayed in for 12 months or more in the last 10 years
      • English language certificate to show your English language proficiency – for example, the International English Language Testing System (IELTS)
      • If you include your partner and children in your application, you must provide the following:
        • Evidence of your marriage or civil partnership – for example, marriage certificate, civil union certificate, joint bank accounts, etc.
        • Evidence of a genuine relationship with your dependent children – birth or adoption certificates
      • Your current visa, for example, your Entrepreneur Work Visa
      • A certificate of incorporation, tax records, employment agreements, wage and salary records to show how long you’ve been running your business in New Zealand
      • Capital investment of at least NZ $500,000 can be evidenced with bank statements, title deeds, property valuations, share certificates, business ownership documents, etc.
      • The business plan must include the following information:
        • Industry
        • Location
        • Whether you set up a new business or buy an existing business
        • Details of any occupational registration you have
        • Information about the business environment and market you plan to work in
        • Details on how your business plans to fulfil at least one of the business characteristics outlined in the Entrepreneur Work policy objective

      Your business plan must include realistic financial forecasts and evidence that you have sufficient funds to finance your business and support dependent family members who will stay in New Zealand with you.

      Demonstrating Your Business' Contribution To New Zealand's Economy

      To meet the requirement of contribution to New Zealand’s economic growth, you must show that your business is contributing in one of the following ways:

      • Introducing new technology, management, or technical skills
      • Improving current technology, management, or technical skills
      • Launching new products or services
      • Enhancing existing products or services
      • Establishing new export markets
      • Expanding current export markets
      • Generating a minimum of 1 full-time job for New Zealand citizens (or at least three full-time jobs if your business is less than two years old)
      • Providing new skills, networks, management expertise, and/or capital that boosts the financial performance of an existing New Zealand business

      For a new product or service to be considered ‘new’, it must meet the following criteria:

      • Be unique to New Zealand
      • Not be previously available in the location where your business operates
      • Provide a substantial improvement or product line that has not been offered by an existing New Zealand business or in the area where your business is located

      Entrepreneur Resident Visa Application Process and Costs

      You can begin applying for the Entrepreneur Residence Visa for NZ after completing six months of working on your business in New Zealand.

      To apply, you must ensure that you have all the required supporting documents for your application. You must complete the Entrepreneur Residence application form (INZ 1056) and attach your photos after signing the back of them with your name.

      You must then pay the Entrepreneur Residence Visa application fee of NZ $6,860. The application fee includes the immigration levy. You can pay by post with a credit or debit card.

      After you have paid, you can submit your completed visa application form, the application fee confirmation, and all required supporting documents to the address provided at the end of the application form.

      You may be contacted by New Zealand’s immigration authorities to provide additional information for your application. If so, Immigration New Zealand will provide you with a deadline by which you will need to provide any information required.

      Let us assist you through the complexities of the New Zealand entrepreneur resident visa. Contact Us

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        What is the New Zealand Entrepreneur Visa Processing Time?

        Once your visa application is received, Immigration New Zealand will assess your request and contact you if further information or documents are required.

        Immigration New Zealand does not have accurate processing timeframes for Entrepreneur Resident Visas. However, it is usually processed within 14 months from when Immigration New Zealand receives your application.

        Conditions and Duration of Stay for an Entrepreneur Residence Visa Category

        Once you are granted an Entrepreneur Residence Visa, you must meet the following conditions:

        • You must apply for entry permission when you arrive in New Zealand – this can be done by providing a paper arrival card or a digital traveller declaration at the border
        • You must keep Immigration New Zealand up to date with your contact details
        • You can travel in and out of New Zealand as many times as you like for two years
        • You must ensure your visa is in a valid passport
        • If you have been operating your business for less than two years, you must:
          • Continue working in your own business for two years
          • Maintain your nominated capital invested in your business for two years
          • Continue to employ people in the new jobs created for at least two years

        You can stay in New Zealand without any time limit while holding an Entrepreneur Residence Visa.

        How Can Total Law Help?

        The Entrepreneur Residence Visa provides applicants an exciting opportunity to work on their own business in New Zealand. However, the application process can be complicated and time-consuming.

        If you have your own business in New Zealand and are looking to apply for an Entrepreneur Residence Visa, our immigration advisers can help you with the application process by helping you determine your eligibility and gather the required supporting documents to ensure the highest chance of visa approval.

        For more information on the Entrepreneur Residence Visa and how Total Law can help with your case, call +44 (0)333 305 9375 or contact one of our advisers online.

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                  Frequently Asked Questions

                  Yes. You can live, work, and study with an Entrepreneur Residence Visa.

                  When evaluating your visa application, Immigration New Zealand will consider factors such as the duration of your relationship, if you have children together and the recognition of your relationship by others.

                  Your living and financial situation will also be considered, including the length of time you have lived together as a couple, division of household tasks and sharing of financial responsibilities.

                  Yes. If you’re a student, you can apply for an Entrepreneur Resident Visa or an Entrepreneur Work Visa for NZ and start your own business.