Startup Residence Visa

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New Zealand
About
Requirements
Cost of Living
Expats
Talent Migration

About

If you’re an experienced businessperson willing to establish a business in New Zealand, can apply for a Startup Residence Visa

Most people start out on a Entrepreneur Work Visa, which allows you to move to New Zealand and buy or establish a business. After either six months or two years you can then apply for residence under the Entrepreneur Residence Category.

NOTE: If your business is in the science or ICT sectors, shows a high level of innovation or export potential, we may consider waiving the NZ $100,000 capital investment requirement


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Duration

12 month(s)

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Citizenship

42 Month(s)

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Fees

2270

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P. Residency

24 Month(s)

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Processing time

12 Month(s)

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COMPLEXITY

Medium

What are eligibility requirements for the Startup Residence Visa?

8 Eligibility Requirements

  • Applicant must have minimum capital investment of NZ$100,000, except if the business is in the science or ICT sectors (excluding working capital)
  • Applicant must score 120 points or more, with points awarded for factors about the likely success of the business and its value to New Zealand.
  • Applicant must provide a detailed business plan for the business you intend to operate in New Zealand.
  • Applicant must have clean recent history of bankruptcy, business failure and fraud.
  • Applicant must meet health, character and English language requirements.
  • Applicant must have either set-up or purchased at least 25% of the shareholding in New Zealand business and have been running that business for at least 6 months.
  • Applicant must start business within 12 months of getting visa.
  • Applicant must agree to take part in New Zealand occupational registration, if it is required to run Business in New Zealand.

Which documents do I need to apply for the Startup Residence Visa?

9 Document Required

  • Identity proof: two acceptable photos of your head and shoulders and your passport or certificate of identity
  • A chest x-ray and a medical examination as a proof of your good health.
  • Character certificate by police department of your home country (Less than 6 months old)
  • Confirmation from applicant on the application form stating that he/she is fit and proper person requirements.
  • An acceptable English language test result or evidence of an English-speaking background or evidence you're a competent user of English for other reasons.
  • Evidence that you own the funds and/or assets to invest may include (bank statements, title deeds, property valuations, share certificates, business ownership documents, asset valuations)
  • Evidence of a detailed business plan for the business you intend to operate in New Zealand.
  • Certified copy of your New Zealand occupational registration.
  • Declaration in the ‘Entrepreneur Work Visa Application’ agreeing that you’ll take part in an evaluation of the Entrepreneur Work Visa Category,

Talent Migration data for New Zealand

Talent gain & drain map of 2015-2019 data. Sourced from World Bank Digital Development Data.

Disclaimer: Visadb.io is a FREE visa database and Immigration Expert Marketplace. The information displayed in this page is not legal advice. Please speak to an Expert before applying.

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