Entrepreneur Migration
This visa is for you if, you’re already in New Zealand on an Entrepreneur Work Visa or another visa that allows self-employment, and you want to live in New Zealand on a permanent basis. If you’re granted this visa, you’ll be able to continue operating your business in New Zealand and stay here indefinitely.
Criteria you must meet:
• You must have been self-employed for at least 6 months.
• If you’re applying after less than 2 years of being self-employed, you’ll need to have invested capital of at least NZ $500,000 and have created 3 new jobs in New Zealand.
How long can I stay on this visa: Indefinitely
With this visa you can:
• Continue to operate your own business in New Zealand.
• Live, work and study in New Zealand indefinitely.
Work – If you’ve been operating your business for less than 2 years, you must keep working in your own business for 2 years.
The 2-year time period includes any time you’ve been working for yourself in New Zealand on an Entrepreneur Work Visa.
If you’re unable to continue working in your own business, you and your family may have to leave New Zealand.
Capital investment:
If you’ve been operating your business for less than 2 years, you must keep your nominated capital invested in your business for 2 years.
The 2-year time period includes any time you’ve been working for yourself in New Zealand on an Entrepreneur Work Visa.
If you’re unable to retain your capital investment, you and your family may have to leave New Zealand.
Travel:
You can travel in and out of New Zealand as many times as you like for 2 years. To travel after that, you’ll need to apply for a variation of conditions or a Permanent Resident Visa. If you’re outside of New Zealand when your travel conditions expire, your visa will expire as well.
For more information contact our Immigration Expert.
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