Entrepreneur Residence Visa
Allows you to live in New Zealand permanently you can continue to operate your own business in New Zealand, live, work and study in New Zealand, and include your partner and dependent children aged 24 and under.
Two ways of qualifying:
Entrepreneur Residence Category (2 years)
- Investment of at least NZD 100,000 in business (excluding working capital)
- Must be self employed in business for at least 2 years.
Entrepreneur Residence Category (6 months) –
- Investment of at least NZD 500,000 in business (excluding working
- Must be self-employed in the business for at least 6 months Once the
application is approved, INZ will require that you fulfill this category for 2
years. On completing the condition to be removed by INZ.
Under both the categories you are required to show that this business is significantly benefiting New Zealand.
The business must be trading profitability, or it has a clear potential to become profitable in coming 12 months.
Additionally, for Entrepreneur Residence 6 months you need to generate at least 3 ongoing and sustainable full-time roles for NZ citizen or resident such requirements is not applicable for Entrepreneur Residence Category (2 years)