The New Zealand Entrepreneur Category requires you to run a successful business for two years in New Zealand as a prerequisite to obtain permanent residence in the country. Thus, before you could apply for an Entrepreneur Visa, you are required to obtain a Long Term Business Visa popularly known as LTBV.

In order to obtain a LTBV, you will need to convince the Immigration New Zealand that you have a good New Zealand business plan. Once you are provided with a LTBV, you will need to operate your business there successfully for a minimum of two years. When you meet this requirement, you are eligible to for apply for permanent residence under the Entrepreneur Category. However, this is not the sole requirement. The Immigration New Zealand will require you to have at least 25 percent shareholding of the business, as well as active role in managing and operating the business.

Besides, Immigration New Zealand would like to know that whether your business is benefiting or has benefited New Zealand’s economy during the years. To prove the same, you may need to produce evidence that will support:

• That you have revamped your business
• That you have launched new products and services
• That you have generated new job opportunities in your business
• That you have expanded new market access.

Things to Remember:

Your application to obtain an Entrepreneurship Visa will not be considered by Immigration New Zealand in certain cases. For instance, if your business established in New Zealand is different from the business that you mentioned in the LTBV application. In certain cases, the Immigration Service can still accept your application. To know more about this, contact an Immigration and Visa Consultant!