BC3 Summary of requirements (20/11/2002)

A principal applicant for a Long Term Business Visa/Permit must:

1. have completed a business plan that meets the requirements of BC4.5 for their business proposal; and
2. have business experience relevant to their business proposal; and
3. not have been involved in bankruptcy or business failure within the 5 years preceding the date their application was made; and
4. not have been involved in business fraud or financial impropriety; and
5. have obtained professional or occupational registration in New Zealand if registration is required for operating the proposed business, and
6. have, in addition to investment capital, sufficient funds (see BC6.1) for their maintenance and accommodation and that of any spouse or partner and/or dependent children who are applying for temporary visas and/or permits to accompany the principal applicant to New Zealand; and
7. meet Health and Character requirements policy (see A4 and A5); and
8. meet the minimum standard of English (see BF); and
9. satisfy a business immigration specialist that they are genuinely interested in establishing the business in New Zealand.

Effective 20/11/2002