Long Term Business Visa (LTBV)

The Long Term Business Visa (LTBV) is required to establish and operate a business in New Zealand to qualify under this category.

Oasis has successfully processed many LTBV cases through our office. The LTBV application process is detailed with all supporting in order, this visa process is time consuming, often uncertain, and relatively expensive compared with other possible visa options that are available for Immigrants. Oasis as Consultants first  explore and exhaust all other visa options before agreeing to accept instructions for LTBV cases. The clients who are processing for LTBV  must be genuinely have the ability, to undertake their planned business in New Zealand.

LTBV application to be successful an applicant must meet the following:

Most important criteria is to meet the English Language standard to be met by the Principal applicant.

We also help in submitting a well researched, comprehensive and individual Business Plan clearly demonstrating the requirements for LTBV visa:

• The requirement is viability and potential profitability of the proposed business plan which is important  for LTBV
• Also we must show how the business will benefit New Zealand
• The applicant’s knowledge of New Zealand and New Zealand business practices  

As part of our service Oasis will help its LTBV applicants meet the required business research and prepare the Business Plan. The requirements are as follows:

• The applicant should have actual business or management experience relevant to the proposed business
• The applicant should have sufficient funds to establish or purchase the proposed business and to cover family living costs for the 3 year LTBV term
• The applicant must demonstrate a genuine commitment to undertake the planned business while he is in New Zealand
• The applicant on approval of the LTBV application  will initially be granted an interim 9 month work visa. In this period of time the applicant must transfer their business investment funds, as specified in their Business Plan, through the trading bank system into New Zealand and provide evidence that they have actually established and commenced business operations as per their Business Plan.
• At this time the LTBV is then reissued to a date 3 years from the date of issue of the original 9 month visa for the applicant and family.

Oasis is able to build some flexibility into Business Plans to accommodate a range of potential business scenarios. LTBV applications are currently taking 4-6 months to be processed by the New Zealand Immigration service.  

LTBV visas  are endorsed restricting the holder to only undertake the actual business in the locality consistent with the Business Plan. However it is possible for minor business changes to be approved, in advance, by Immigration New Zealand.  There is no age limit for applicants under the Long Term Business Visa (LTBV) policy.

The spouse of a LTBV holder is issued an open work permit and dependent children up to 20 years can be issued student permits allowing for study up to completion of secondary school. The dependents only aged less than 20 years at the time of the LTBV application lodgement can be included in the application.

LTBV holders who successfully undertake their business in New Zealand can later apply for permanent residence visa under the Entrepreneur residence policy.