BL6 Successful establishment of a business in New Zealand (08/04/2013)

1. A principal applicant will be considered to have successfully established a business in New Zealand if:
   1. they have established or purchased, or made a substantial investment in a business operating in New Zealand; and
   2. they have been self-employed in New Zealand in that business since meeting (i); and
   3. they have invested at least NZ$0.5 million into the business as set out at (i); and
   4. they have created a minimum of three full-time positions for New Zealand citizens or residents in that business; and
   5. the business complies with employment and immigration law (see BL6.10).
2. For the purposes of BL6(a)(iii), account will only be taken of the amount of capital that has been actively invested in the business. No account will be taken of
   1. working capital (see BL6.5.15); or
   2. passive of speculative investments, such as reserve funds or term bank deposits; or
   3. expenditure on items for the personal use of the applicant(s), such as personal residence, cars or boats.

Effective 08/04/2013