BC4.5 Requirements for a business plan (08/04/2013)

Business plans must:

1. be to establish or purchase a specific business in New Zealand; and
2. contain information as set out in the business plan form, and be supported by appropriate documentation; and
3. be no more than 3 months old on the date the application is made; and
4. include satisfactory evidence that the principal applicant has access to sufficient capital to finance their business proposal; and
5. demonstrate to the satisfaction of a business immigration specialist the principal applicant’s financial forecasts are realistic; and
6. include evidence to satisfy a business immigration specialist that the principal applicant has business experience that is relevant to their business proposal; and
7. demonstrate to the satisfaction of a business immigration specialist the principal applicant's knowledge about the proposed business and the New Zealand business environment; and
8. demonstrate to the satisfaction of a business immigration specialist that the proposed business will provide significant benefit to New Zealand; and
9. include sufficient supporting documentation (including the documentation listed from section c of the business plan form onwards).

BC4.5.1 Requirements for a business plan involving the purchase of an existing business

Where the business plan involves the purchase of an existing business, the plan must:

1. identify the particular business to be purchased; and
2. include:
   1. information that allows business immigration specialists to assess the benefit that the applicant’s business activity will provide New Zealand, and
   2. evidence that outlines the purchase price and the financial performance of the existing business, which may include, but is not limited to the conditional sale and purchase agreement, an independent valuation, and/or financial statements for the previous two years.

Effective 08/04/2013