The Long Term Business Visa clearly shows New Zealand’s intention to attract overseas entrepreneurs and provide them an adequate atmosphere to start business. Apparently, the LTBV is the perfect option for those who are interested to establish a business venture in New Zealand.
As the name suggests, the said program doesn’t permit your permanent stay in the country, so this must be taken into consideration by all the applicants before applying for the same. To get the visa, the applicants need to submit the completed application form along with the relevant documents and visa fee.
The applicants are awarded a Work Visa with 9 months validity that further lets them to start a business activity in New Zealand. The visa holders are allowed to extend the validity of their visa, but not more than 3 years. However, the applicants need to provide a genuine reason for visa extension.
Those who are interested for an extension need to apply within the current validity and must satisfy the following criteria.
a) The applicants must be able to prove that they have successfully deposited their business-investment capital to the country’s banking system
b) Must be able to meet the health and character requirement
c) Must not have taken any assistance from the New Zealand welfare system
d) You need to prove that you are an authentic applicant and have taken reasonable steps for starting a business
Eligibility Criteria
The intending applicants applying for the New Zealand Long Term Business Visa need to take a look at the eligibility conditions that have been listed below.
General Requirements
a) Your business must provide benefit to the country and its economy
b) Must fulfill the health and character requirements
c) Language proficiency
d) Social welfare system must not be used in any case by the applicants
a) The applicants must possess a valid proof that they have successfully established a business in the country and also deposited the required investment capital to the country’s banking system.
b) Your business must be profitable to the country and economy. You can prove it by providing evidence that you are using modern technology in your business and having outstanding managerial skills.
