The aim of the Long Term Business Visa/Permit category is to attract migrants who have been operating their own business and wish to establish a similar business in New Zealand, thereby contributing to New Zealand's economic development.
This is a temporary work visa/permit for 3 years allowing self-employment in New Zealand.
You need to own at least 25% of the shareholding of a business. You need to be actively involved in the management and operation of the business.
You may either establish a new business, or buy an existing business.
What is required?
To be eligible for a Long Term Business Visa (LTBV) you will need to show that you have:
- Business experience that is relevant to your proposed business in New Zealand. If you have not previously operated your own business, that does not necessarily mean that we may not be able to approve your application. We may be able to accept work experience at a senior managerial level in a substantial, relevant business.
- Investment funds to provide the capital required for your proposed business, and sufficient funds to support yourself and your family for three years.
- A good understanding of your proposed business and the New Zealand business environment in relation to your proposed business. This should focus particularly on such matters as demand for your proposed goods or services, the size and nature of your target markets, any legislative or other requirements, etc.
You need to provide appropriate evidence for these matters.
We’ll look at your documents to satisfy ourselves that you meet the requirements.
Are there any other requirements?
Yes. Please refer to our checklist and other requirements.
Notes for LTBV applicants
Refer to Frequently Asked Questions page.
See the Operational Policy of the Long Term Business Category.