BC3 Summary of requirements (29/11/2010)

A principal applicant for a Long Term Business Visa 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 partner and/or dependent children who are applying for temporary visas to accompany the principal applicant to New Zealand; and
7. meet health and character requirements (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 29/11/2010