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Entrepreneur Category questions and answers

Monday, 30 November 2009

What are the main requirements for the Entrepreneur Category?

To be approved residence under the Entrepreneur Category you have:

  • successfully established a business in New Zealand
  • been 'self-employed' in your business for at least two years
  • created economic benefit for New Zealand
  • a minimum English language ability of IELTS 4
  • met health and character requirements.

Does my business have to be the same as the one for which I was granted a long term business visa to establish?

Yes, unless a business immigration specialist at the Business Migration Branch has previously given consent for you to modify your original business proposal.  Your application cannot be approved under the Entrepreneur Category if your established business is different to your proposal in your business plan.

What evidence do I need to provide showing the establishment and operation of my business?

All documents submitted to prove that you have established a business in New Zealand must be produced by a reliable independent agency or professional (for example, a solicitor or chartered accountant).

 

Acceptable evidence that you have established a business in New Zealand may include (but is not limited to):

  • a certificate of incorporation or business registration
  • shareholder certificates or proof of ownership of business
  • a business purchase agreement
  • company financial accounts and bank statements
  • company tax returns
  • GST returns
  • documents showing property lease or purchase by the business
  • invoices for business equipment, supplies, ACC and utility bills
  • photos of the business
  • strategic planning documents.

How can I show that my business has created economic benefit for New Zealand?

There are numerous ways you can show how your business has created economic benefit for New Zealand. The following is a non-exhaustive list of examples.

  • You created or introduced new technology, management or technical skills, products or services.
  • You developed new export markets.
  • You created sustainable employment for New Zealand citizens or residents. 
  • You have grown a business through new capital investment (increased turnover, employment etc).
  • You developed a niche market.
  • You invested in a region or industry where there has been a shortage of investment.

Would employment of my partner satisfy the “employment” part of benefit to New Zealand?

In order to demonstrate economic benefit to New Zealand through job creation, you must create a job or position for a New Zealand citizen or resident.

How long will my resident visa be valid for?

If you are in New Zealand then you will be granted a resident visa.  The visa will enable you to stay in New Zealand indefinitely, and to travel in and out of New Zealand for two years.  At the end of the two years you can apply for a permanent resident visa (provided you meet all of the requirements), which will enable you to travel in and out of New Zealand indefinitely. 
 


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