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This is a temporary entry category which provides for those wishing to establish a business in
New Zealand. Your eligibility is assessed on a points system which allows the grant of Work
Visas with the prospect of applying for Residence if your business operates successfully and
fulfills the projections contained in a detailed Business Plan.
YOUR VISAS
Your Entrepreneur Work Visa will initially be granted for a period up to 12 months
(“Entrepreneur Start-Up”). This will allow you (and your family) to travel to and from New
Zealand for the purpose of establishing a business. A Work Visa may also be granted to your
spouse, and Visitor and/or Student visas to your dependent children. Such visas will be subject
to any restrictions applying to the principal visa.
Once the business has been established this may be extended for the remaining 24 months of a
3 year total term. The visa may be extended once only, for an additional three years. However,
this will require a new Business Plan, and Immigration will look closely at the reasons why the
business you set up originally did not allow you to apply for Residence the first time around.
A successful Entrepreneur Work Visa holder (and their family) may apply for Residence
under the Entrepreneur category after 2 years.
The standard requirements apply to health and character when applying for any visa. When
you are ready to apply for Residence, you as the principal applicant must meet the minimum
standard of English (IELTS 4.0). Anyone else in your family aged 16 years or over who does
not meet the minimum standard of English may pre purchase English language tuition to a
value determined by the level obtained in the IELTS test.
POINTS TO NOTE
1. “Working Capital”: Immigration defines this as funds or assets which are “tied to assets
used in the on-going maintenance or day-to-day running of a business”. For example,
money in a business bank account to pay for rent and salaries is working capital.
Working capital CANNOT count toward the capital which you claim points for in the
application.
2. Benefit to New Zealand: The points awarded under this heading clearly indicates that
New Zealand wishes to attract businesses which:
Create employment for New Zealanders;
Generate export earnings;
Provides an innovative product or service to the New Zealand market.
TIMING:
An important component of your Business Plan is research into your market and the New
Zealand business environment. This research will take some time as it will to obtain the
required information and documentation on which your accountant can develop your Business
Plan. Once all material is made available to us, your Business Plan has been prepared and
your application lodged with Immigration New Zealand, their processing time could be in
excess of six months.
SERVICES PROVIDED:
As your professional immigration adviser, our role is to ensure that all criteria are met and
that all documentation provided in support of your application is checked in detail to be
certain that it is in the form required by Immigration New Zealand (INZ) and that it assists
your application and does not create confusion or difficulties. We keep in contact with INZ to
ensure that each application is processed promptly and in a manner that is “fair and in accord
with natural justice”.
Our work includes:
Advice on the process, the documentation required, business type, business structure,
market considerations, possible complications, anticipated timing
Liaison with industry participants and specialist advisers if appropriate
Assistance with the preparation of the Business Plan
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FEES:
Fees and charges in NZ Dollars; (1 NZ$ approx. = 0.8 US$ or 0.6 Euro).
Our fees and Business Plan fees are quoted exclusive of Goods and Services Tax (GST).
GST of 15.0% must be added to these fees when the applicant is in New Zealand. Your
accountant should be able to advise if our fees and the GST may be claimed as a business
expense.
New Zealand Immigration Service fees of approx. $3200.00 depending on exchange rate.
Business Plan preparation $3000.00 (outsourced to our specialist).
Our professional fee is $17,500.00 which is made up of:
$13,000.00 for main Entrepreneur Start-Up application for 12 month Work Visa
$4500.00 for remaining 24 month Work Visa
Payment of fees plus disbursements (such as Business Plan fees) is as follows:
$500.00 non-refundable administration fee payable with your instructions to
proceed.
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NEXT STEPS :
We recognise that immigration is a challenging and expensive process and therefore, we will
not lodge an application that we consider will not be successful. Please also note that the final
payment of our fee is only payable if your initial application for LTBV has been successful.
Thank you for your interest. So that we may proceed from here, please complete and return
the confirmation page below. When we receive it, we will prepare our comprehensive Terms
of Engagement and Terms and Conditions for the service we provide to you.
We trust that the above is sufficient for your response. We look forward to receiving your
early reply and to assisting you in your desire to establish your business in New Zealand.
Yours sincerely
To:
LAURENTLAW BARRISTERS & SOLICITORS
1st Floor, Target Building
93 Dominion Rd
Mt Eden
Auckland 1024
NEW ZEALAND
I confirm that I wish you to represent me in my application for a Long-Term Business Visa
under the Business Immigration programme.
The people who will be included in the application will be
Please send me your Terms of Engagement. I understand that upon signing it I will be
invoiced for your initial administration fee of NZ$500.00 (or NZ$575.00 including GST if I
am in New Zealand) and you will provide further instructions after this fee is paid.
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email: ..………………………………………