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Long Term
Business Visa/Permit
The
Long Term Business Visa category is for people who wish to
establish a business in New Zealand. Visas will be issued for nine
(9) months and an extension to three (3) years will be granted
once the government is satisfied that the applicant is actually
proceeding with establishing the business.
Successful applicants
may later apply for
residence under the Entrepreneur category.
This category requires you to have an idea for establishing a
business in New Zealand and access to sufficient funds (personally
or via pre-approved finance) to set it up. The application can be
for:
¨
The establishment of a new business
¨
Purchase of an existing business
¨
Purchase of a New Zealand franchise opportunity
Under
the Long Term Business Visa category there is no:
¨
Point system
¨
Qualification requirements (except in some instances)
¨
Maximum age
¨
Minimum capital investment needed
You will also need a business plan that is realistic
and demonstrates an understanding of the New Zealand business
environment, plus you will need to have business experience
relevant to the type of business that you want to establish in New
Zealand.
To apply under this category you must not have been
involved in a business failure or bankruptcy in the past five
years, nor have ever been convicted of fraud or professional
misconduct. You must also satisfy health requirements
and in addition to investment capital, sufficient funds for
maintenance and accommodation. Proving an English background will
also be required for LTBV applicants. If applicants do not have an
English background, they have to sit a IELTS test (an average of
5.0 for the IELTS will be required).
If
you have qualifications that are essential to the business you
want to establish, they should be recognised in New Zealand, as
some professions require compulsory registration with the
appropriate professional body in New Zealand.
The business proposal plan covers the following:
- An
outline of the proposed business and of its viability
- Financial
and marketing information
- The
business experience of the applicant
- Knowledge
of the New Zealand market
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