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"Onward"

Entrepreneur Work Visa

Visa for Entrepreneur in New Zealand

What is Entrepreneur Visa

The Entrepreneur Work Visa is for those who wish to buy or set up their own business in the country. You are allowed to stay and work in New Zealand for a total of three years: one year during the startup phase and then two more years after proving you have set up your business.

    To apply for this visa, you will need to meet all the general visa requirements mentioned previously, as well as the following conditions:
  • Invest at least 100,000 NZD (65,000 USD) on a business.
  • Meet the minimum of 120 points on the Entrepreneur Points Scale.
  • Provide a detailed business plan.
  • Take part in an evaluation of the entrepreneur Work Visa Category.

Beware that this visa type can be expensive. Most visas for New Zealand tend to cost from 200 to 600 NZD (130 to 390 USD) overall, but the Entrepreneur Work Visa for most applicants costs 3,365 NZD (2190 USD) in total in fees on top of the 100k NZD (65k USD) you need to invest in the country

Entrepreneur Work Visa

  • You are an entrepreneur or innovator and want to buy or set up a business in New Zealand.
  • You have invested at least 100,000 NZD (65,000 USD) in your business, can claim 120 points on INZ’s point scale for entrepreneurs, you meet the business plan requirements, and can read, write, and speak English.

Long Term Skill Shortage List Work Visa 

  • This visa is for those who have skills and talents needed in New Zealand.
  • You must be 55 or younger and your occupation is on the skill shortage list.
  • This visa does not come with the option of a family visa.

The application process for each temporary visa type may vary, but, in general, you will need to put in an expression of interest which includes a score point based on your age, work experience, qualification, and the job offer (if applicable). If you are selected, you can then make a full application. Applications are chosen only once a month.

Points indicator for Entrepreneur Work Visa

Buisness Experience

Buisness Experience Points
3+ years of Relevant Self Employment 20
5+ years of Relevant Self Employment 30
10+ years of Relevant Self Employment 40
3+ years of Other Self Employment 5
5+ years of Other Self Employment 15
10+ years of Other Self Employment 20
5+ years of Relevant Senior Management Experience 5
10+ years of Relevant Senior Management Experience 10

New full time employment creation

New full time employment creation Points
10+ new full time positions for New Zealand citizens/residents 80
5 new full time positions for New Zealand citizens/residents 50
3 new full time positions for New Zealand citizens/residents 30
2 new full time positions for New Zealand citizens/residents 20
1 new full time positions for New Zealand citizens/residents 10

Points for approved export business (based on annual turnover)

Export buisness Points
NZ$ 1,000,000 plus turnover 80
NZ$ 750,000 plus turnover 60
NZ$ 500,000 plus turnover 40
NZ$ 400,000 plus turnover 30
NZ$ 300,000 plus turnover 20
NZ$ 200,000 plus turnover 10

Excluding Working Capital

Excluding Working Capital Points
NZ$ 1,000,000 80
NZ$ 750,000 60
NZ$ 500,000 50
NZ$ 400,000 30
NZ$ 300,000 20
NZ$ 200,000 10
less than NZ$ 200,000 0

Age

Age Points
24 and under 15
25-29 20
30-39 20
40-49 20
50-59 10
60 and over 0
Bonus Points
Business outside Auckland 40


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