Entrepreneur Visa program is designed for talented, entrepreneurial immigrants who are seeking to establish a new venture in New Zealand.
Entrepreneur work visa category under this program allows you to enter New Zealand and buy or grow profitable businesses, and create jobs for New Zea landers. After a period of 6 months or 2 years you can then apply for a residency status under Entrepreneur residency visa category.
The Entrepreneur work visa category is structured in 2 stages:
|Points for Relevant self employment|
|10 years +||40|
|5 years +||30|
|3 years +||20|
|Other self employment|
|10 years +||20|
|5 years +||15|
|3 years +||5|
|Points for Relevant senior management experience|
|10 years +||40|
|5 years +||5|
|Points for New full time employment creation|
|10+ new full time positions for New Zealand citizens or residents||80|
|5 or more new full time positions for New Zealand citizens or residents||50|
|3 or more new full time positions for New Zealand citizens or residents||30|
|2 new full time positions for New Zealand citizens or residents||20|
|1 new full time position for a New Zealand citizen or resident||10|
|Points for approved export business (turnover per year)|
|$1,000,000 + turnover a year||80|
|$750,000 + turnover a year||60|
|$500,000 + turnover a year||40|
|$400,000 + turnover a year||30|
|$300,000 + turnover a year||20|
|$200,000 + turnover a year||10|
|A credible business proposal that provides unique or new
products/ services to New Zealand, or to a particular region
|Points for capital investment|
|Under $200,000 +||0|
|Points for age of prospective applicant|
|24 and under||15|
|60 and over||0|
In this visa program, you can straight away file your visa application, if you meet the eligibility requirements for an entrepreneur work visa category, by lodging a paper application to the business migration branch in New Zealand with all the required documents to prove you claimed points.
After a period of either 6 months or 2 years one can apply for residency under Entrepreneur visa residency category.
The Duration for Visa processing depends upon the particular case lodged and is based on personal circumstances.
A time period of 3 months on average is taken to process this visa application for overseas applicants if all the requirements are met.