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New Zealand: Business visa
New Zealand distinguishes between four types of business visa. The two most important business visas are explained below.
Long-Term Business Visa (LTBV)
The Long-Term Business Visa is intended for business people who are interested in setting up a business in New Zealand. One of the requirements is that applicants have at least management experience in the business they want to establish. They must also bring economic benefits to the country and have sufficient capital to realize their plans. Economic benefit is understood as, amongst others, the creation of jobs or the introduction of new technology.
The Long Term Business Visa allows temporary entrance (nine months to three years). Applicants must have a business plan and sufficient funds. Once the New Zealand business is successful, a permanent visa can be applied for the Entrepreneur Visa.
Investor Visa
This visa is designed for applicants with substantial net assets. Applicants in the investor category need to possess NZD 2 million which they advance to the New Zealand Government for five years and must prove that:
- they have at least five years' business experience
- they are aged 54 or under when applying for residence
- they meet the English language requirements
- they intend and have the ability to successfully settle in and contribute to New Zealand.
Go to the quick scan to find out if you qualify for a business visa.
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