What is entrepreneur residence?
The Entrepreneur Residence Category enables migrants who have established high growth and innovative businesses with export potential to be granted residence.
What conditions need to apply for entrepreneur residence?
There are two ways of qualifying for residence under the Entrepreneur Residence Category: the 2 year option and the 6 month option.
|Compare the basic criteria of the two Entrepreneur Residence Categories options|
|Criteria (Minimum)||Entrepreneur Residence Category (2 years)||Entrepreneur Residence Category (6 months)|
|Investment capital||No set amount. For applicants on an Entrepreneur Work Visa or LTBV, the investment capital must match what was stated in your business plan||At least NZ$0.5 million must have been actively invested in your business.|
|Business Experience||At least 3 years related business experience||At least 3 years related business experience|
|English language||IELTS 4||IELTS 4|
|Age||No require||No require|
|Significant benefit to New Zealand||You must be able to demonstrate that your business is profitable (or has the potential to be profitable within 12 months) and that it provides significant benefit to New Zealand.||In addition to demonstrating that your business is profitable (or has the potential to be profitable within 12 months), at least three fulltime equivalent jobs must be created for New Zealanders. If you purchased a business, these must be new jobs in addition to any positions already existing in the business when it was purchased.|
|Time required in New Zealand||You must have been self-employed in your business for at least two years.||You must have been self-employed in your business for at least six months while holding an Entrepreneur Work Visa or LTBV.|
|Invest in business||Hold at least 25% of share||Hold at least 25% of share|
|Health and character||Applicants under both categories must meet these requirements.|
|More than 10 years||40|
|More than 5 years||30|
|More than 3 years||20|
|More than 10 years||20|
|More than 5 years||15|
|More than 3 years||5|
|Relevant senior management experience|
|More than 10 years||10|
|More than 5 years||5|
|Points for benefit to New Zealand (can be awarded in up to two categories)|
|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 businesses (based on annual turnover)|
|$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|
|Points for unique or new products or services to New Zealand|
|A credible business proposal that provides unique or new products/ services to New Zealand, or to a particular region.||30|
|Points for capital investment|
|Points for age of prospective applicant (at date of lodging application)|
|24 and under||15|
|60 and above||0|
|business based outside Auckland||40|
Basic entrepreneur migrant flow:
Go4nz’s professional immigration adviser will assess the applicant’s situation based on the assessment form which completed by applicant.
2. Contract: Business Travel
Our company provides a business trip opportunity for our clients who want to discuss the details of contract, fees, application flow, etc. with our professional immigration adviser face to face. The business trip will be 7 days and our company will help to apply the visitor visa.
3. Official contact: Apply for Entrepreneur Work Visa
When the discussion of business proposal between applicant and immigration adviser finished, our company will officially provide a entrepreneur residence application commission contract. After signing the contract, our immigration adviser will provide a list of application documents for applicants. We will check and arrange the documents once we received them from the applicants.
4. Making Business Plan
Our immigration adviser will custom the business plan for the applicants based on applicants’ personal background and situation.
5. Apply work visa and entry New Zealand
Apply for long term business visa. applicant can entry New Zealand, when the visa application approve.
6. Establish company
According to the business plan, the applicant will establish the company. (There is no service fee in this step. Applicant will establish the company by himself. If the applicants need, our company could introduce some business trading professionals for them.)
7. Apply for Resident Visa
After 6 or 24 months, Once the applicant successful established the business and met all entrepreneur residence criteria, s/he will be able to apply for the Resident Visa.
8. Residence Visa application approval
After the Residence Visa application approved by Immigration New Zealand, the applicant need to be self-employed in the business at least two years.