When it comes to getting successful approval from an accredited employer in NZ, definitely, entrepreneur visa comes on the top. This particular visa category allows an individual to work in the country, which means one can set up their own business or buy an existing one. Many times, you may find yourself eligible for permanent residency. So, here we are with a quick rundown that explains how the New Zealand entrepreneur visa works.
Basically, we can split this into two steps - A temporary work visa and the residency visa. However, our focus would stay on the residency visa category today.
ENTREPRENEUR RESIDENT VISA
The foremost and most obvious thing is the capital to invest. The capital amount should equal the one mentioned in the business course of action. A minimum of NZ $500,000 need to be invested while creating three job opportunities.
Along with this, you need to have a perfect business plan that demonstrates the services/products, features, and overall benefits. As per the business character aspect, you need to have a minimum of 25% stakeholding. The business setup should be registered under your name and running for atleast more than six months.
Another thing that makes a lot of sense here is the economic contribution. As an applicant, you should be able to share/prove that your business is extremely contributing to the country's economic growth. You can present the same in several ways like:
- The expansion or creation of export markets
- Provision of new networks, skills, management capability, or capital increasing the annual performance.
- Introduction of new products/services
- Introduction of new management, technology, or technical skills
- Creation of atleast one full-time position
Other requirements that may fall under this visa category would be when any of your family members accompany you. They definitely need to meet the character, health, and English language requirements. For permanent residency with New Zealand immigration, the applicant can include their spouse and dependent children aged 24 years or younger.
If you, too, are a self-employed professional or a seasoned business who wishes to set up a business in this thriving country, then make sure you have an expert to guide you. Yes, you read it right. Only a well-informed and ultra-supportive immigration adviser can help you make the right choices to kickstart your entrepreneurial journey in New Zealand.
