BI11.1 General rules for an acceptable business proposal (04/07/2005)

1. The proposal to establish a specific business must be made by the principal applicant via the submission of a business plan (see BI11.1.1 below) supported by appropriate documentation (see BI11.5).
2. The proposed business must:
   1. be in New Zealand; and
   2. under normal circumstances, be capable of providing a commercial return; and
   3. be of benefit to New Zealand (see BI11.15); and
   4. be owned and controlled by the principal applicant (ownership is defined as owning at least 25 per cent of the business); and
   5. require a minimum amount of NZ$200,000 investment capital, and the funds requested should be rounded up or down as appropriate to the nearest $50,000.
3. The applicant must advise the business immigration specialist if there are any significant changes in circumstance to the business plan or the actual business.

BI11.1.1 Definition of a ‘business plan’

A business plan is a plan to establish a specific business in New Zealand, which contains information as set out in the approved business plan form, and is supported by appropriate documentation (see BI11.5).

Effective 04/07/2005