The LTBV (Long Term Business Visa) is a prerequisite for an application for residence under the Entrepreneur policy guidelines.
The applicant is required to submit a business plan for the establishment of a new company in New Zealand, or, a business plan for the purchase of 25% or more of an existing business.
The business plan must meet specific requirements and is to be submitted in a specific format other then the standard business plan format.
Applicants must provide evidence of a business background and relevancy of their proposed business in New Zealand to their past experience. That is a requirement and will therefore be a huge advantage to the applicant when opening their new business venture in New Zealand.
Availability of funds to start up the business, or, funds to purchase at least 25% of an existing business, and to maintain and accommodate themselves for the duration of the Long Term Business Visa is a further requirement.
An indication should be given as to how your new venture, or the invigoration of an existing business, will be beneficial to New Zealand.
Health and Character requirements must be met while English language skills are required.
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