It is possible to start a business as a foreigner in New Zealand. Entrepreneur resident immigration is possible in New Zealand and it has many benefits.
Entrepreneur resident immigration in New Zealand is not only prominent for its high transparency and open market, but also for its monetary incentives, and regulatory efficiency. The government bestows entrepreneurs with an extensive network of technological and physical infrastructure. Apart from that New Zealand has a lenient regulatory policy, and there are fewer limitations on setting up and running a business in the country. You can establish a business in a matter of a few hours, that too online. How To Start a Business in New Zealand as a Foreigner?
In order to initiate a business in New Zealand, the first thing you need to do is to get a visa. You can apply for two types of visas with INZ (Immigration New Zealand):
After a successful application, you get a visa for 6 months. After that, once your business is stable and growing, you can apply for a 24-month visa after fulfilling the necessary requirements.
For business purposes, if you want to Settle in New Zealand, you can apply for a residential visa after fulfilling the necessary requirements. If you can’t fulfill those conditions, you could still apply for the 6-month visa if your business invests $500,000 and gives 3 permanent jobs to the citizens of the country.
After getting the visa, what you need to do is set up a business. You can choose whether you want: o A sole proprietorship o A partnership o Or a limited company All options have their own pros and cons. After choosing the type, you also need to give a name to your business and check if it is unique and legal or not.
You also need to set up a business account as it is a necessary requirement. Make sure you don’t mix personal and professional expenses in that account. A Frequently Asked Question: Who can be self-employed in New Zealand? In the case of self-employed New Zealand immigration, the terms of your visa dictate whether you can be self-employed or not. If your visa is an entrepreneur work visa that has open working conditions, then you can be self-employed. If not, then what kind of work you can do will be decided by your visa, check our latest immigration updates on Instagram.
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