subject: Some Handy Info On Nz Long Term Business Visa You Can Use [print this page] The Long Term Business Visa under the Immigration Visa Act 2009 aims to encourage successful business entrepreneurs and help the New Zealand Govt. to infuse fresh entrepreneurial skills in the country, for the benefit and the growth of its economy.
This visa can be availed by exhibiting an interest in starting a new business or investing a substantial amount in an existing concern in the NZ under.
"Entrepreneur Category
"Entrepreneur Plus category (is a fast track system)
The IELTS 4 Band is pre-requisite for all the family members of the applicant under the point based assessment.
Under this class, an initial 9-month Work Visa is granted to assist you to initiate the process of establishing proposed business filed under the New Zealand Long Term Business Visa. You could ask for an extension in this period, provided you prove that during the extended period you would complete the initiations required to start business.
Entrepreneur plus class has a minimum stipulation of NZ$ 0.5 million remittance during the Work Visa period. You are granted a 27 month extension in the Visa Long Term Business after the presentation of a proof of:
"Transfer of requisite funds into country, through banking channel
"Sincere steps being taken to establish or invest in the proposed business.
If you have genuine reasons for altering or changing the proposed business, you can make the changes after getting an approval and consent from the designated Immigration specialist. You also need to prove that the capital outlay of new proposal is at par, or higher than the original proposal. Lastly, that you have sufficient finance and relevant business experience for the new business proposal.
An extension beyond the initial 3 years is granted, provided the INZ is satisfied that:
"The previous period was spent in setting-up and running proposed or approved modified business
"You or your family has not drawn benefit under the state welfare scheme.
Entrepreneur Plus category has no minimum time preconditions and you can file for the permanent residency by substantiating your eligibility by holding a long-term business visa, successfully establishing and investing NZ$0.500, 000, and creating at-least 3 full time jobs for the citizens of the country.
Under the entrepreneur class of the New Zealand Business Visa Long Term, you become eligible for the Permanent Residency by exhibiting in two years that:
"You have successfully established a new business or have purchased a business based in New Zealand and have created benefits for the economy of the country.
"You were self-employed for the last two years, in your own business.
