Previously known as Long Term Business Visa, the Entrepreneur Work Visa is for experienced business people who want to be self-employed in their own business in New Zealand.

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This visa allows people move to New Zealand and buy or establish their own business. This visa also provides for the first stepping stone in applying for residence in NZ under the  Entrepreneur Residence Category.

 

Requirements:

• Make a minimum capital investment of NZ$100,000 (excluding working capital), unless this requirement is waived

• Meet or exceed 120 points on a scale which awards points for factors relating to the likely success of the proposed business and its value to New Zealand

• Have a business plan specific to proposed business

• Not been involved in bankruptcy or business failure within the 5 years preceding the date your application is made

• Not have been involved in business fraud or financial impropriety, and

• Meet health and character requirements for residence and English language requirements.

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Successful applicants will be granted a 12 month Work Visa to enable them to establish their business and the remainder of the 24 months will  be granted once the applicant is able to shown the Business Migration Branch that the applicant has taken appropriate steps to establish their business.

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To gain a further permit you need to show that you are making reasonable progress in setting up your business with the following documentation:

• A certificate of incorporation

• Audited accounts

• GST records

• Other tax records

• Documents showing property lease or purchase by the business

• Invoices for business equipment and supplies

• Other documents such employment agreements, bank statements, invoices from phone and power companies.

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Applicants must have enough funds to cover their living expenses and for their business expenses during the length of Work Visa.