The NZ Business Migration Policy Basics
The NZ Business Migration policies are designed with you in mind! And with an aim to bring financial and economic growth to both, you, the investing party, as well as the country of NZ.
There is a unique value proposition here for entrepreneurs and investors alike to enjoy an exceptional lifestyle along with developing rewarding business and investment interests.
New Zealand has options for both:
The Entrepreneur Category
This Visa category is for the hands-on businessmen, who want to establish and run their own venture, or purchase an existing business in New Zealand!
An Entrepreneur Work Visa is a three-year visa that has two stages in the application process:
1. Initiation Stage:
In this stage, a full-fledged and detailed business plan document is submitted to Immigration New Zealand. Once approved, a 12-month work visa is granted, enabling you to buy or establish your business in New Zealand.
2. Second Stage:
In this stage, you are required to commence your business activity in accordance with your submitted proposal, or to garner proof in support of the sufficient ground-work you have completed. You have to show Immigration New Zealand that you have taken reasonable steps to establish and operate the planned business and the money required to establish the business has been transferred to NZ. Once the Business Migration branch is satisfied with your efforts, a further extension of 27 months is granted on your visa. This gives you the time to stay and run your business in New Zealand.
Further Information: Entrepreneur Residence Category
For those with a greater business savvy and those who are poised to take their business further through innovation and growth, NZ Immigration recognizes your outstanding contribution with an early gateway to a Permanent Residency.
Now, if you have invested less than NZ$500,000 (and obviously more than the threshold of NZ$100,000), you are qualified to apply for Permanent Residence after 2 years.
And, if you have invested an amount greater than NZ$500,000 and have an allowance for 3 full-time positions within your business, you are qualified to apply for Permanent Residence after just 6 months.
Want to know more about Entrepreneur Category or ready to apply?
The Investor Category
Like the ‘Entrepreneur Category’ is highly suitable for keen businessmen, the ‘Investor Category’ is great for perceptive investors.
And investing in New Zealand has its own returns over and on top of the financial returns, you are sure to enjoy. Take, for example, the thriving start-up environment, and the business-focused vision of the state. An unmatched quality of life with mixed flavours of the urban and metropolitan spread. New Zealand has it all! The policies mandate a minimum of NZ$3 Million for investment under this category. There are 2 sub-categories under which you can apply:
Investor 1 Category (Investor Plus Visa) and Investor 2 Category.
The below table details the main points of these 2 sub-categories along with a brief comparison:
What Is Acceptable Investment?
New Zealand has a set of definitions that apply to investments making them acceptable by the state. However, NZ is extremely flexible and allows a range of investments as acceptable as long as they are capable of making commercial returns.
It is common practice for investors to opt to settle in New Zealand first, and familiarize themselves with the market and the economy before considering more diversified options. It is also recommended that you consider obtaining professional advice regarding what is considered Acceptable Investment.
Want to know more about Investor Category or ready to apply?
The Innovius Advantage
At Innovius, we have developed a formidable reputation as specialists in this category. Investing a large amount of money into a new country, with a different culture, and way of doing business requires continual support and timely advice. We streamline processes making them pleasant and straightforward. Our keen focus and eye for detail ensure that we provide accurate information to push your case forward. And the integrity and ethics with which we work are our badges of pride.
We are fully equipped to take care of all your Business/Investment needs during the whole process. Here are the highlights:
- Identifying a business/investment opportunity.
- Choosing an appropriate location.
- Thoroughly analysing the business financials (during the purchase of an existing business).
- Hands-on business/investment set up assistance.
- Assisting in renting a commercial property for conducting business.
- Setting up the preliminary contacts such as suppliers, logistics, accountants, lawyers etc.
- And a bouquet of complementary services.
We hope that this section has given you a proper guidance, as well as information to help you in your search. We request you to contact us for more information or to have a detailed discussion about how to proceed.
Want to know more about Entrepreneur or Investor or ready to apply?