they have successfully established a business in New Zealand that realises all of the benefits in their business plan
the business is benefiting New Zealand significantly
the business complies with employment and immigration law, and
the same or greater amount of capital has been invested in the business as outlined in the business plan
All applicants must meet health and character requirements for residence
Principal applicants must meet minimum standards of English (IELTS 4)
Other applicants must either meet minimum standards of English (IELTS 4) or pre-purchase ESOL training.
Two Year Option
Principal applicants must:
have been employed in that business for two years, and
hold Entrepreneur Work Visa, LTBV or visa which allows self-employed
If a principal applicant holds an open work visa, they must demonstrate that they and their business would have met the requirements to have been approved for an Entrepreneur Work Visa
Six Months Option
Principal applicants must:
have been self-employed in that business for at least six months
have invested at least $500,000 (excluding working capital)
have created at least three ongoing and sustainable full time jobs for New Zealand citizens or residents, and
hold an Entrepreneur Work Visa or a LTBV
Residence will be granted with conditions that can be lifted after the principal applicant has run the business for two years.