Download our free guide to understand your corporate governance responsibilities.<\/p>\n <\/div>\n \n\nDownload Now<\/a> <\/section>\n <\/div>\n\n\n\n\n\n\n Continue reading this article below the form\n <\/i>\n<\/a>\n
Applicants can purchase an entire business outright, which is hoped to help address the number of businesses in New Zealand with ageing business owners without a clear exit plan. Alternatively, they can acquire at least 25% of an existing business through investment.<\/p>\n\n\n\n
Key Features That We Know About BIV:<\/h2>\n\n\n\n\n- 2 investment options (with both providing pathways to the Business Investor Resident Visa):\n
\n- NZD $1million investment in an existing business will create a 3-year work-to-residence pathway; or<\/li>\n\n\n\n
- NZD $2million investment into an existing business for a 12-month fast track to residence pathway.<\/li>\n<\/ul>\n<\/li>\n\n\n\n
- applicants can include their partner and dependent children in their application;<\/li>\n\n\n\n
- the BIV may be granted for up to four years;<\/li>\n\n\n\n
- investors must show they have at least NZD $500,000 to support themselves 9and their family, where applicable);<\/li>\n\n\n\n
- be aged 55 or younger when they apply;<\/li>\n\n\n\n
- meet English language requirements of IELTS 5.0 or equivalent;<\/li>\n\n\n\n
- meet health and character requirements;<\/li>\n\n\n\n
- meet the business experience requirements; <\/li>\n\n\n\n
- invest in a business that meets the financial threshold and employs at least 5 full-time equivalent staff; and <\/li>\n\n\n\n
- spend at least 184 days each year in New Zealand to maintain their status.<\/li>\n<\/ul>\n\n\n\n
Some businesses are proposed to be excluded from investments under the BIV, including drop shipping, gambling, convenience stores, home-based businesses, franchised businesses, or fast food outlets<\/a>, as examples.<\/p>\n\n\n \n ![\"Front](\"https:\/\/img.legalvision.com.au\/wp-content\/uploads\/sites\/2\/2023\/08\/18195054\/nz-corporate-governance-guide-560px.jpg\")
\n \n Corporate Governance Guide for SMEs in NZ<\/div>\n \n
- \n
- NZD $1million investment in an existing business will create a 3-year work-to-residence pathway; or<\/li>\n\n\n\n
- NZD $2million investment into an existing business for a 12-month fast track to residence pathway.<\/li>\n<\/ul>\n<\/li>\n\n\n\n
- applicants can include their partner and dependent children in their application;<\/li>\n\n\n\n
- the BIV may be granted for up to four years;<\/li>\n\n\n\n
- investors must show they have at least NZD $500,000 to support themselves 9and their family, where applicable);<\/li>\n\n\n\n
- be aged 55 or younger when they apply;<\/li>\n\n\n\n
- meet English language requirements of IELTS 5.0 or equivalent;<\/li>\n\n\n\n
- meet health and character requirements;<\/li>\n\n\n\n
- meet the business experience requirements; <\/li>\n\n\n\n
- invest in a business that meets the financial threshold and employs at least 5 full-time equivalent staff; and <\/li>\n\n\n\n
- spend at least 184 days each year in New Zealand to maintain their status.<\/li>\n<\/ul>\n\n\n\n
Some businesses are proposed to be excluded from investments under the BIV, including drop shipping, gambling, convenience stores, home-based businesses, franchised businesses, or fast food outlets<\/a>, as examples.<\/p>\n\n\n
\n\n \n Corporate Governance Guide for SMEs in NZ<\/div>\n\n