New Zealand is a rather popular destination for migrants from practically all over the globe. The Long Term Business Visa (LTBV) of the country is a temporary residency permit and tailored in such a way that it enables the aspirants acquire the much prized residency status of the nation, via the entrepreneur class. This visa also enables the aspirant to migrate to the country, as a self-employed individual, for a period of not more than three years.
New Zealand LTBV Eligibility Criteria
Business Plan — An application for setting up a venture in the country, via the said class, must come together with a business plan even as this plan, along with the needed supporting papers, must decide these, amongst others: 1. The candidate has sufficient funds to set-up the proposed venture in the country to support himself and his family members, 2. His fiscal forecasts are practical, 3. He has the needed business background, 4. He has not been a part of any unsuccessful venture inside the past five years, 5. The candidate has not been a party to any business scam or misconduct, 6. He has received occupational registration in the Kiwi Land, where this is needed for the business, 7. He has a good and thorough understanding of the market of the country.
Experience
Candidates for the NZ LTBV are evaluated on an individual basis. Those who have not run their own venture, or lack an experience in a senior level position, may not make the cut under this class.
Investment Funds
Though there may be no set limit on the capital required, the applications for the business visa are evaluated individually wherein funds are required to be considered perfect for the business.
What New Zealand Gets
To make the cut under this class, an applicant has to prove that the proposed business is in the overall interest of the country. A venture is regarded beneficial for New Zealand provided it boosts the nation’s overall economic development.
Additional Criteria
Apart from the minimum requirements mentioned above, one also has to have working knowledge of the English language, be healthy and have a good character to successfully file an application for the said permit or visa.
