How to start a business in NZ with no money is a challenge many aspiring entrepreneurs face, but it’s completely doable. If you’ve got drive, a solid idea and a willingness to start small, you don’t need thousands in the bank to make it work.
In this guide, you’ll learn exactly how to start a business in NZ with no money. We’ll break down practical steps, show you zero investment business ideas NZ, explain how to set up as a sole trader NZ, and share where to access free business support NZ to move faster.
You’ll also get smart strategies to launch without debt, plus info on government grants for startups NZ if you want to grow. Everything here is lean, legal and made for people who want to start right now.
If you’re ready to build something from nothing, let’s get started.
Is it really possible to start a business in NZ with no money?
Yes, it is. Plenty of people in New Zealand have launched a business with nothing but an idea, a laptop, or a few tools they already owned. The trick is to start small, stay lean, and use the resources around you.
Mindset shift: think lean, start small
Starting a business with no money isn’t about dreaming big — it’s about acting smart. Focus on solving one problem for one person. Build from there.
- Skip the logo, the fancy website, and the business cards.
- Instead, focus on selling a service or product you can deliver now.
Real-life examples of NZ businesses that started with $0
Here are a few ideas and stories from people who did it:
- A freelance graphic designer who started on Canva and Upwork.
- A cleaning business launched with borrowed supplies and word of mouth.
- A digital marketer who began with just a laptop and Wi-Fi from the local library.
To learn more, check out stories shared by business.govt.nz, which showcases real small business journeys.
10 business ideas you can start with no money in New Zealand
You don’t need capital, but you do need to offer value. Here are ten ideas that don’t require upfront cash — just time, skills, or tools you already own.
Service-based businesses
Most service-based businesses are low-cost to launch. You trade your time and skills, not your savings.
- Pet sitting, dog walking, or house cleaning.
- Freelance writing, tutoring, or virtual assistance.
If you’re running this type of business from home, read our guide on how to run a business from a residential property.
Online ventures
With the right setup, an online business can cost close to nothing to start.
- Affiliate marketing or blogging (with free hosting to begin).
- Selling digital products like templates or eBooks.
These models are scalable and can be automated once you grow.
Use what you already have
Many businesses start by simply monetising existing tools or skills.
- Use your car for delivery gigs or mobile services.
- Turn a hobby like photography into paid work.
Step-by-step: how to legally start a business in NZ with no money
Yes, you can legally start a business in New Zealand for free. The setup is straightforward if you choose the right structure.
Choose your business structure (sole trader is free)
Starting as a sole trader in NZ is free and fast. You don’t need to register a company or hire a lawyer.
- No registration fee to begin as a sole trader.
- You can use your IRD number for tax purposes.
You can always upgrade to a company structure later as your income grows.
Get an NZBN and IRD number
You’ll need a New Zealand Business Number (NZBN) and an IRD number to operate.
- Both are free to apply for through the official government websites.
- The NZBN helps suppliers and customers find your business.
You can apply via nzbn.govt.nz and ird.govt.nz.
Set up a free business bank account
Many banks offer free small business accounts. Keep your personal and business finances separate — even if you’re starting small.
- ASB and Kiwibank offer no-monthly-fee starter accounts.
- Keeping accounts separate helps you with tax later.
Check out our DIY accounting guide to manage this yourself.
Keep costs low: use free tools and templates
You don’t need to pay for software right away. Here are a few tools to start for free:
| Business need | Free tool |
|---|---|
| Invoicing | Wave, Zoho Invoice |
| Design & branding | Canva |
| Website | Carrd, WordPress.com (free) |
| Project management | Trello, Notion |
Bonus: checklist to launch your business with $0
If you’re serious about building your business with no capital, use this checklist to stay on track. Keep it simple, focus on action, and avoid overthinking.
- [ ] Choose a low-cost business idea that fits your skills
- [ ] Register as a sole trader (it’s free)
- [ ] Apply for your NZBN and IRD number
- [ ] Open a separate bank account (look for free options)
- [ ] Use free tools to invoice, plan, and market your business
- [ ] Start selling — even if it’s messy at first
- [ ] Track your income and expenses (use our DIY accounting guide)
- [ ] Reinvest small profits to grow your reach
- [ ] Learn about KiwiSaver if you’re self-employed and plan ahead
- [ ] Keep receipts for any business entertainment expenses
IMAGE: Downloadable checklist graphic with tick boxes and simple icons (business setup, bank, tools, first sale).
Conclusion: start smart, grow fast
Starting a business in NZ with no money isn’t a fantasy. It’s a challenge — but a doable one. With the right mindset, a lean plan, and the willingness to take action, you can launch something real without waiting for perfect conditions or outside funding.
Start with what you have. Sell one thing. Help one person. Get one client. Then do it again.
And if you need help with your accounting setup, tax questions or just want to make sure you’re not missing anything, reach out to us at BH Accounting. We’ll connect you with the right professional — no pressure, just real support.
Your business starts today. Make it count.
FAQ: Starting a business in NZ with no money
Can I register a business in NZ for free?
Yes. You can start as a sole trader at no cost. You don’t need to register a company unless you want limited liability or a more formal structure.
Do I need a business bank account if I’m not making money yet?
Technically, no. But having a separate bank account makes managing your cash flow and tax much easier. Many banks offer free options for startups.
Where can I find free business support in NZ?
Visit business.govt.nz and MBIE’s website for free templates, planning tools, and advice. You can also access free mentorship through regional business partners or online communities.
Are there grants for new businesses with no capital?
Yes, but they’re competitive. Look for local council initiatives, startup competitions, and early-stage innovation funding. Some funding requires a basic business plan or prototype.
How do I handle tax when I’m just starting out?
Track everything from day one. Even if you’re not earning much, it’s best to get into good habits.