A New Zealand Resident Visa under the entrepreneur Category is suitable for a foreign national, if the following apply in him/her case: If the person owns a business in New Zealand or is a substantial investor in a existing business in the country If the person has been self employed in that business in New Zealand for a minimum period of 2 years If the person has held a work visa under the New Zealand Long Term Business category, who has been running his/her business in the country for a minimum period of twenty-four months
Basic requirements to make an application for a Resident Visa under Entrepreneur Category:
A foreign national must have owned at least 25 percent of stakes in a business in New Zealand. The foreign national must have been employed by the business for a minimum duration of 2 years. The foreign national must produce evidence, such as; a) Certificate of incorporation b) Audited accounts c) GST records or tax records The foreign national must demonstrate that the business is reaping the benefits in New Zealand. The foreign national must have the minimum requirements when it comes to English language. The minimum score band of Level 4 in the IELTS is required. Last but not the least, the foreign national must meet heath and character parameters.There are two main Categories under Enterpreneur Residence Visa:- Entrepreneur Category Entrepreneur Plus Category. Entrepreneur Category:- Requirements:-
You must have business experience relevant to your business proposal IELTS with Band 4 Minimum of two years and maximum of three years Must have good health and good character Entrepreneur Plus Category:- You must have business experience relevant to your business proposal IELTS with Band 4 have b hold a long-term business have invested at least NZ$0.5 million in the business have created a minimum of three new full-time jobs for New Zealand citizens or residents. must meet the health and character requirements.