business experience

From policy: BK4.30 Business experience (Active Investor Migrant Policy)

BK4.30.1 Basic rules for business experience

1. Business experience is recognised for the award of points if it is experience in planning, organisation, control, senior change-management, direction-setting and mentoring acquired through ownership of, or management level experience in, a lawful business enterprise that has at least five full-time employees and an annual turn-over of NZ$1 million.
2. A principal applicant is considered to own a business if they own at least 25 percent of a business.
3. A lawful business enterprise is an organisation that:
   1. operates lawfully in a commercial environment with the goal of returning a profit; and
   2. is not set up primarily for passive or speculative purposes.

Effective 26/11/2007

business experience (04/07/2005)

THIS IS NOT A CURRENT DEFINITION

From policy: BI6.5 Business definitions (Investor Category)

BI6.5.1 ‘Business experience’

Business experience means a minimum of 5 years of either:

1. owning a lawful business enterprise; or
2. management experience in a lawful business enterprise.

Effective 04/07/2005

business experience (26/07/1999)

THIS IS NOT A CURRENT DEFINITION

From policy: BB3.5 Definitions (Investor Category)

BB3.5.1 ‘Business experience’

Business experience means a minimum of 2 years of either:

1. owning a lawful business enterprise; or
2. management or supervisory experience in a lawful business enterprise.

Effective 26/07/1999