BL5 Transfer of investment capital (29/11/2010)

1. 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.
2. Borrowed capital is acceptable where the principal applicant is able to demonstrate that:
   1. they own net assets equal or greater in value to the proposed investment amount; and
   2. the borrowed investment capital is from a bank or commercial lending institution and is secured against the assets identified under (i).

Effective 29/11/2010