The Entrepreneur Work Visa offers people with bright ideas and business experience the opportunity to come to New Zealand and set up a new business or purchase and revitalise an existing one.
This visa is an excellent pathway towards residence. Entrepreneur Work Visa holders who found a new business or acquire and revitalise an existing one and then meet or exceed their business plan over a 2 year period (or 6 months if a capital investment of NZ$500,000 or more is made) are entitled to apply for an Entrepreneur Resident Visa.
To qualify for an Entrepreneur Work Visa you must:
- Have a business idea that will contribute to New Zealand’s economic growth by being high-growth, innovative and/or with export potential OR
- Have expertise as a senior manager in a large enterprise and/or a self-employed businessperson
- Be able to invest at least NZ$100,000 of capital in the business you intend to establish or acquire
- Be able to qualify for 120 points based on age, experience, capital investment, location of business (if outside Auckland), projected full-time employment creation for New Zealanders and projected turnover (for export businesses)
- Submit a Business Plan that is unique to your business an no more than 3 months old at the time of submission.
The preparation of a credible Business Plan is critical to the success of an Entrepreneur Work Visa application. Projections must be well researched and realistic. They should include a SWOT analysis and must demonstrate that the applicant has access to sufficient capital to finance the business.