The New Zealand visa is not specifically framed with entrepreneurs in mind. Nonetheless, the country soars high for ease of doing business following the World Bank reports.
New Zealand entrepreneur visa paves the way for prospective business people and investors to set up a new business or buy an existing one within the country. Entrepreneur work, visa holders, apply for permanent residence after either six months or 24 months. However, factors like invested amount, number of jobs created by the business are taken into consideration. If you have your heart set on this magical country and are planning to:
- bring your family,
- establish a new business or
- want to learn about New Zealand immigration
Knowing The Basic Requirements For a New Zealand Entrepreneur visa:
Entrepreneur Work, visa candidates, must meet several eligibility parameters, that include:
- A feasible business plan
- A minimum investment of NZ $100,000 in the business, unless waived.
- No declaration of bankruptcy or involvement in business insolvency in the last five years.
- A score greater than 120 points on the Entrepreneur Work Visa points scale.
- No records of fraud or impropriety are associated with the business.
- A recent (not older than two years) certification from the International English Language Testing System (IELTS) with a score of 4 or more. Moreover, New Zealand immigration requests proof of English proficiency such as a University degree with English as a primary subject.
Investment Capital Requirements For a New Zealand Entrepreneur visa:
New Zealand pre-requisite applicants for a minimum NZ $100,000 as of the business capital. Candidates or their spouses should exclusively own the funds. Applicants cannot borrow or loan the investment amount to meet the business requirements. However, if you are a budding entrepreneur looking for a gateway to live in New Zealand with skills required by accredited employers, NZ can get a visa to work here. If you continue to work for over two years, you can apply for New Zealand permanently.
The capital investment can only be waived from New Zealand’s Business Migration Branch. Science, high-value export, and computing domains are considered for a waiver. Additionally, if you have an annual income of NZ $60,000 plus NZ $1million invested for four years and another NZ $500,000 live on, you can apply for a retirement resident visa.
How a Legitimate New Zealand Immigration Adviser Can Help You?
Applicant’s immigration status relies on and intersects with several legal matters such as family law, criminal law, and tax liabilities. Credible immigration experts help clients’ interest in administrative courts, counsel applicants about their legal obligations, and suggest the best course of action within immigration law.
New Zealand is more than the country of “The Hobbit.” With a world of entrepreneurial and business opportunities for immigrants, the immigration application framework has transformed over the decade now. While some applicants understand what it takes to make a successful visa application, New Zealand entrepreneur visa advice hurts none!