New Zealand Entrepreneur Work Visa

What Is the NZ Entrepreneur Work Visa?

The Entrepreneur Work Visa allows you to establish and work in your own business in New Zealand. This visa is initially granted for 12 months, provided you have NZD $100,000 to invest, a solid business plan, and 120 points on the points scale. If you successfully set up your business as planned, you can extend your visa for another 24 months, giving you a total of three years to operate your business in New Zealand. This visa also allows you to study for up to three months and enter and leave New Zealand freely.

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Eligibility Requirements

Be in good health.
Have a good character.
Be a β€œfit and proper” person.
Speak English proficiently.
Invest a minimum of NZ $100,000.
Provide a detailed business plan.
Obtain a waiver if investing less than NZ $100,000.
Start your business within one year.
Obtain New Zealand occupational registration (if applicable).
Score at least 120 points on the Immigration New Zealand points scale.

Points Scale for Entrepreneur Work Visa

You need at least 120 points on the points scale. Points are awarded for:

  • Age
  • Business experience
  • Capital investment
  • Business location
  • Business benefits

Required Documents

To apply for the visa, you need the following documents:

  • Identity: Passport and two photos
  • Health: Chest x-ray and medical examination
  • Character: Police certificate (not older than six months)
  • Fit and Proper Person: Declaration form
  • English Proficiency: Test results or proof of English background
  • Capital Investment: Proof of funds and assets
  • Waiver Request (if applicable)
  • Business Plan: Detailed and current
  • Occupational Registration (if applicable)
  • Business Setup Proof: Evidence of steps taken and capital invested
  • Evaluation Participation: Signed declaration
  • Family Relationship (if applicable): Marriage and birth certificates

Key Points for Business Plan

Your business plan must include:

  • Industry and location
  • New or existing business
  • Occupational registration details (if applicable)
  • Business environment and market analysis
  • Financial projections
  • Proof of funds
  • Business track record
  • Evidence supporting business claims
  • Business experience relevant to the proposed business

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If purchasing an existing business, include:

  • Business value and profitability evidence
  • Number of employees
  • Benefits to New Zealand
  1. Complete Application Form (INZ 1222): Fill out in capital letters and in English.
  2. Pay Application Fee: NZD $3,920, payable by post.
  3. Submit Application: Send the form, documents, and fee to the specified address.
  4. Initial Visa: One year to start your business.
  5. Extension: Two more years if business is established as planned.

Application Fee:

NZD $3,920 (non-refundable).

Processing Time:

43 months (90% of applications processed within this time).

  • Stay Duration: Up to three years.
  • Travel: Unlimited in and out of New Zealand.
  • Work: For yourself only, in the specified business and location.
  • Study: Up to three months.
  • Notification: Inform Immigration New Zealand of any contact detail changes for five years.
  • Welfare Assistance: Not allowed.
  • Departure: Leave New Zealand before visa expires.
  • Including Family Members

    You can include your partner and dependent children (under 19) in your Entrepreneur Work Visa application, provided they meet health, character, and identity requirements.

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