What must actually exist or be demonstrated: business plan, company, innovation, clients, contracts, economic activity, job creation or other substance?
An established nominated business must be purchased: it must have been trading for at least 5 years, be lawful and currently operating in New Zealand, comply with immigration, employment and business standards, have a purchase price of at least NZD $1 million (not including property value or GST) resulting in at least 25% ownership, employ at least 5 full-time equivalent staff, and not already be owned by the applicant or any family member. A completed Business Proposal form must demonstrate this and describe the due diligence undertaken.
See recorded sources
- https://www.immigration.govt.nz/visas/business-investor-work-visa/
The business you invest in must:
have been trading for at least 5 years
be lawful and currently operating in New Zealand
comply with immigration, employment and business standards
have a purchase price of at least NZD $1 million (not including property value or goods and services tax (GST)) that would result in you owning at least 25% of the business
employ at least 5 full-time equivalent staff
not already be owned by yourself or any family member
- https://www.immigration.govt.nz/visas/business-investor-work-visa/
a completed Business Proposal form, demonstrating that your nominated business meets the above requirements and describing the due diligence undertaken