BB3.1 Summary of requirements for the grant of an Entrepreneur Work Visa

Applications for an Entrepreneur Work Visa may be approved if:

1. the applicant can demonstrate to the satisfaction of a business immigration specialist that they will meet a minimum capital investment (see BB3.5.10) of $100,000, unless this requirement has been waived under BB3.5.1(b); and
2. the applicant has been awarded a minimum of 120 points for factors described in BB3.10(d); and
3. the applicant provides a business plan specific to the proposed business that meets the requirements of BB3.15; and
4. the applicant has obtained professional or occupational registration in New Zealand if registration is required for operating the proposed business; and
5. the applicant has not been involved in bankruptcy or business failure within the 5 years preceding the date their application was made; and
6. the applicant has not been involved in business fraud or financial impropriety; and
7. the applicant can provide evidence to satisfy a business immigration specialist that they have sufficient funds, in addition to investment capital, to:
   1. finance their business; and
   2. provide maintenance and accommodation for the period of the Entrepreneur Work Visa for themselves and any partner or dependent child/ren who will accompany them to New Zealand; and
8. a business immigration specialist is satisfied that the applicant:
   1. has sufficient business experience relevant to their business proposal; and
   2. has a genuine intent to establish the business described in the business plan in New Zealand and will abide by the conditions of the visa; and
9. the applicant and any partner or dependent child/ren accompanying them meet requirements as set out in BB2.1(c) and (d); and
10. the applicant meets fit and proper person requirements (see BM1); and
11. the applicant meets English language requirements set out in BF1 and BF2; and
12. the proposed business would not constitute an unacceptable risk to New Zealand laws or policies under BB3.1.1.

BB3.1.1 Unacceptable risk

1. INZ will decline an application for an Entrepreneur Work Visa where it considers the grant of the visa would create unacceptable risks to the integrity of New Zealand’s immigration or employment laws or policies.
2. Offering business opportunities to meet the requirements of an Entrepreneur Work Visa application by persons whose main business is the facilitation of entry to New Zealand of non-New Zealand citizens and residence class visa holders potentially creates an unacceptable risk to the integrity of New Zealand’s immigration laws and policies. Therefore, applications for Entrepreneur Work Visas based on such business opportunities will not be approved.

Effective 10/11/2016