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LONG TERM BUSINESS
VISA
Description
The New Zealand Long Term Business Visa is
designed to help New Zealand visa applicants who are
immigrating to New Zealand and starting a business in New
Zealand. The New Zealand Long Term Business Visa is a
temporary residency permit that can lead onto the Entrepreneur
Category, which then entitles the applicant to permanent
residency in New Zealand.
Duration
A New Zealand Long Term Business Visa allows
the applicant to stay in New Zealand as a self-employed person
for up to three years. A New Zealand Long Term Business visa
is a step to gaining residence in New Zealand through the
Entrepreneur Category.
Eligibility Criteria
Business Plan
An application for starting a business in New
Zealand under the New Zealand Long Term Business visa category
must be accompanied by a business plan. This business plan,
along with supporting documents, will be used to determine
that:
The New Zealand Long Term Business Visa
applicant has enough money to establish the proposed
business in New Zealand and to support themselves and
any family;
The New Zealand Long Term Business Visa applicant's
financial forecasts are realistic;
The New Zealand Long Term Business Visa applicant
has relevant business experience, including
qualifications, existing businesses, shareholdings;
The New Zealand Long Term Business Visa applicant
has not been involved with a business failure within the
last five years;
The New Zealand Long Term Business Visa applicant
has not been involved in business fraud or wrongdoing;
The New Zealand Long Term Business Visa applicant
has obtained occupational registration in New Zealand,
where this is required for the business;
The New Zealand Long Term Business Visa applicant
has gained an understanding of the New Zealand
market.
Employment/Business
Experience
Applications for this business visa will be
judged on a case-by-case basis. New Zealand Long Term Business
Visa applicants who have not owned their own business or have
not had experience in a senior management position that is
responsible for all aspects of business operation are unlikely
to be accepted under the New Zealand Long Term Business Visa
category.
Investment Capital
While there is no set limit on capital
required, business permit applications will be judged
subjectively on a case by case basis where funds will need to
be appropriate to the business. Contact MENTOR for more
information about the investment capital required to be
eligible for a New Zealand Long Term Business Visa.
Benefit to New Zealand
To be eligible under the New Zealand Long Term
Business Visa category an applicant will need to show that the
proposed business is benefiting New Zealand.
A business will be considered to be
benefiting New Zealand if it promotes New Zealand's economic
growth. This might be through:
The introduction of new or enhanced
existing technology, management or technical skills;
The introduction of new or enhanced products or
services or export markets;
The creation of new or expansion of existing export
markets;
The creation of new job opportunities;
Revitalizing an existing business - the business
must be trading at the time the applicant applies and
must clearly have the potential to become profitable
within 12 months.
Additional requirements
In addition to the minimum requirements above,
basic standards of English language, health and character have
to be met in order to lodge a successful business visa
application.
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