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BIV-RV — Business Investor Resident Visa
VisasNew ZealandBIV-RV — Business Investor Resident Visa
New ZealandNew Zealand•Oceania
Open

BIV-RV — Business Investor Resident Visa

Golden Visa Dependents Allowed

At a Glance

Processing Time

Varies

Estimated Cost

NZ$14,890 NZD

Varies by filing options

Stay Duration

Indefinite

Not renewable

Renewal

Not renewable

Family

Dependents allowed

PR Pathway

None

Sponsor

No job offer needed

Work

Remote not required

Official Information

Overview

Permanent residence for Business Investor Work Visa holders who have actively run a NZD $1M+ NZ business for 1-3 years.

The Business Investor Resident Visa (BIV-RV) is Immigration New Zealand's permanent-residence step for holders of a Business Investor Work Visa who have actively run an approved NZ business. Issued under the BI Residence Category, it converts a successful business establishment into indefinite residence and rewards active investors over passive capital.

Applicants invest NZD $1M and run the business for 3 years (standard), or NZD $2M for 12 months (fast-track). Both routes require employing 5+ FTE staff plus 1 new full-time job for a NZ citizen or resident, 184+ days/year in NZ, and a solvent business. The visa fee is NZD $14,890; stay is indefinite, partner and dependent children up to 24 can be included.

This visa is ideal for experienced business owners who have already invested NZD $1M+, actively managed an NZ company for 1-3 years, and want permanent residence with family.

Stay & Extensions

Status typePermanent / indefinite

Conversion Paths

Visas you can typically switch to from this status.

PRV — Parent Resident Visa
New Zealand flagNew Zealand

PRV — Parent Resident Visa

ValidityIndefinite
Processing10 months – 1 year
View Visa Details

Requirements

PUBLISHED REQUIREMENTS

Hold a current Business Investor Work Visa

Actively run the same business for 3 years (NZD $1M invested) or 12 months (NZD $2M invested)

Employ at least 5 full-time-equivalent staff

Create and maintain for 12+ months at least 1 new full-time job for a NZ citizen or resident

Spend at least 184 days per year in NZ while on the Business Investor Work Visa

Keep the business solvent and compliant with tax, employment and legal obligations

Maintain the originally approved ownership proportion of the business

Be a fit and proper person and meet health and character requirements

KEY CRITERIA

Experience

3+ years

Investment

1,000,000 EUR

Min. Savings

500,000 EUR

REQUIRED DOCUMENTS

Passport or identity certificate plus two photos

Birth certificates for principal applicant and dependents

Audited accounts and financial statements for the business

Bank statements showing regular business revenue and expenses

GST and other tax records

Employment agreements and anonymised employee records

Property lease documents for the business site

Accountant's statement confirming business solvency and tax compliance

Lawyer's statement confirming the business complies with all legal obligations

Evidence the business employs at least 5 full-time-equivalent staff

Evidence of professional or occupational registration where required

Relationship evidence for partner (e.g. marriage certificate) and IELTS or equivalent English evidence for family members aged 16+

Advantages & Considerations

Key Benefits

  • Indefinite permanent residency — live, work and study in NZ without time limit
  • Continue running your own business with full ownership
  • Partner can live, work and study in NZ without restriction
  • Dependent children up to age 24 can be included in the application
  • Fast-track pathway available at the NZD $2M investment level (12 months instead of 3 years)
  • Pathway onward to a Permanent Resident Visa (nz-prv) after meeting residence conditions
  • Recognises active business management — no passive-investment-only requirement

Worth Knowing

  • NZD $14,890 application fee plus the prior NZD $12,380 Business Investor Work Visa cost
  • Must have employed 5+ FTE staff and created 1 new full-time NZ-citizen/resident job sustained for 12+ months
  • Requires spending 184+ days per year in NZ during the qualifying work-visa period
  • Principal applicant must be 55 or younger and provide IELTS 5.0 (or equivalent) English evidence
  • Solvency, tax and legal compliance must be certified by both an accountant and a lawyer
  • Cannot apply without a current Business Investor Work Visa
  • Minimum NZD $1,000,000 invested in an existing NZ business (excluding property and GST)
  • Loss of the originally approved ownership proportion in the business disqualifies the application

Application Process

1

Hold a current Business Investor Work Visa and meet the active-management period (3 years or 12 months)

2

Gather evidence of business activity: audited accounts, GST records, bank statements, employment agreements, ownership records

3

Obtain an accountant's statement of solvency and a lawyer's statement of legal compliance

4

Document employment of 5+ FTE plus 1 new full-time job for a NZ citizen/resident maintained 12+ months

5

Include partner and dependent children (24 or younger) and supply their identity, health, character and English evidence

6

Submit the residence application via Immigration Online with the NZD $14,890 fee

7

Respond to any Immigration New Zealand requests for further evidence during processing

Verified Claims (15)

Last verified May 31, 2026
Application Steps
Hold a current Business Investor Work Visa and meet the active-management period (3 years or 12 mont…
immigration.govt.nz
Can Convert To
nz-prv
immigration.govt.nz
Desc
null
immigration.govt.nz
English Min Score
5.0
immigration.govt.nz
Fee Breakdown
Application fee: 14890 NZD
immigration.govt.nz
Fees
NZD $14,890
immigration.govt.nz
Language Req
Yes — IELTS 5.0 (or equivalent) for principal applicant; family members 16+ must meet English requir…
immigration.govt.nz
Legal Reference
Immigration Act 2009; BI Business Investor Residence Category (Immigration New Zealand operational m…
immigration.govt.nz
Official Information

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