BL5 Transfer of investment capital
- If they have not done so previously under the Long Term Business Category, the principal applicant must provide evidence of the transfer of NZ$0.5 million of investment capital, as stated in the business plan, through the banking system direct from the principal applicant's bank account(s) to New Zealand.
- Borrowed capital is acceptable where the principal applicant is able to demonstrate that:
- they own net assets equal or greater in value to the proposed investment amount; and
- the borrowed investment capital is from a bank or commercial lending institution and is secured against the assets identified under (i).