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Long Term Business Visa: Business Plan

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Applicants under the Long Term Business Visa Policy must supply a business plan to the New Zealand Immigration Service as part of their initial application assessment, or if they are applying for an extension or change to any existing business plan.

A business plan is a proposal to establish a business in New Zealand, which contains information regarding the type, validity and financial viability of such a business venture supported by documentation.

The plan must be no more than 3 months old on the date the initial application is made.

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Assessment of Business Plans

Your business plan will be assessed on the credibility of the information you provide and the knowledge that you display of the proposed business and the New Zealand business environment.

The NZIS will assess your business plan and whether you have:

In addition, all business plans for the Long Term Business Visa Policy must outline the details of the proposed business venture in New Zealand, including the marketing, product distribution, ownership structure, and timelines of the business.

Financial Information

All Long Term Business Visa applications are required to provide detailed forecast information on the financial performance and position of the proposed business. This includes completing 3 year forecast profit and loss statements and cash flow forecasts.

You must illustrate an understanding of the revenue and cost structures relevant to the proposed business. In addition to this financial information, you will need to provide details in the visa application on how you are intending to finance the establishment of the business.

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Business Experience

You must provide evidence to New Zealand Immigration of your business experience and market knowledge of New Zealand in your visa application.

You must provide information on your past business experience, including:

You must provide evidence of your experience in your business plan proposal that you have conducted sufficient research of the New Zealand market.