Entrepreneur Residence Visa<\/h2>\n

Main Requirements<\/h3>\n<\/div>\n

Principal applicants must be able to show that:<\/p>\n

\n

<\/i>\u00a0they have successfully established a business in New Zealand that realises all of the benefits in their business plan<\/p>\n

<\/i>\u00a0the business is benefiting New Zealand significantly<\/p>\n

<\/i>\u00a0the business complies with employment and immigration law, and<\/p>\n

<\/i>\u00a0the same or greater amount of capital has been invested in the business as outlined in the business plan<\/p>\n<\/div>\n

All applicants must meet health and character requirements for residence<\/p>\n

Principal applicants must meet minimum standards of English (IELTS 4)<\/p>\n

Other applicants must either meet minimum standards of English (IELTS 4) or pre-purchase ESOL training.<\/p>\n

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Two Year Option<\/h2>\n<\/div>\n

Principal applicants must:<\/p>\n

\n

<\/i>\u00a0have been employed in that business for two years, and<\/p>\n

<\/i>\u00a0hold Entrepreneur Work Visa, LTBV or visa which allows self-employed<\/p>\n<\/div>\n

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<\/p>\n

Six Months Option<\/h3>\n

Principal applicants must:<\/p>\n

\n

<\/i>\u00a0have been self-employed in that business for at least six months<\/p>\n

<\/i>\u00a0have invested at least $500,000 (excluding working capital)<\/p>\n

<\/i>\u00a0have created at least three ongoing and sustainable full time jobs for New Zealand citizens or residents, and<\/p>\n

<\/i>\u00a0hold an Entrepreneur Work Visa or a LTBV<\/p>\n<\/div>\n

Residence will be granted with conditions that can be lifted after the principal applicant has run the business for two years.<\/p>\n<\/div>\n

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