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Long term business visa

Long term business visa

Old Oct 26th 2006, 11:16 pm
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Default Long term business visa

Hi, I am applying for an LTBV. The application and the business plan are all in NZ and the long wait is on. I have been told that as I havent run my own business in the UK, though I have worked in the industry for over 12 years and have managerial experience, I will probably be unsuccessful. Does anyone out there have experience of LTBV? had any problems?
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Old Feb 16th 2007, 4:30 pm
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Default Re: Long term business visa

Originally Posted by bts016 View Post
Hi, I am applying for an LTBV. The application and the business plan are all in NZ and the long wait is on. I have been told that as I havent run my own business in the UK, though I have worked in the industry for over 12 years and have managerial experience, I will probably be unsuccessful. Does anyone out there have experience of LTBV? had any problems?
I would have thought a lot would depend on your business plan, rather than any quantifiable experience in actually running a business. As i am replying to an old request for info, how have things gone. I've been told it takes a while going down this route. It is something i'd consider if i get turned down on the skilled migrant category.

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Old Feb 16th 2007, 4:36 pm
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Default Re: Long term business visa

Originally Posted by simonmarkellis View Post
I would have thought a lot would depend on your business plan, rather than any quantifiable experience in actually running a business. As i am replying to an old request for info, how have things gone. I've been told it takes a while going down this route. It is something i'd consider if i get turned down on the skilled migrant category.


Hiya

We had a chat to NZIS at the NZ Expo, about going in through this route, and was advised that unless we had something that would benefit New Zealand and its economy (for instance, a cure for cancer!!) then it wasn't a route worth consideration.
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Old Feb 17th 2007, 3:32 am
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Default Re: Long term business visa

Originally Posted by bts016 View Post
Hi, I am applying for an LTBV. The application and the business plan are all in NZ and the long wait is on. I have been told that as I havent run my own business in the UK, though I have worked in the industry for over 12 years and have managerial experience, I will probably be unsuccessful. Does anyone out there have experience of LTBV? had any problems?
What industry or line of business are you looking into?
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Old Feb 17th 2007, 11:16 pm
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Default Re: Long term business visa

Originally Posted by bts016 View Post
Hi, I am applying for an LTBV. The application and the business plan are all in NZ and the long wait is on. I have been told that as I havent run my own business in the UK, though I have worked in the industry for over 12 years and have managerial experience, I will probably be unsuccessful. Does anyone out there have experience of LTBV? had any problems?

We have been in NZ for 2 years now. Both my wife & I have our own businesses.

I looked into the LTBV as I ran my own Co for 5 years prior to moving to NZ.

We moved here from South Africa and felt we really “had to” get out of SA asap so our situation & motivation was probably different to yours.

I did a lot of research re NZ right here on this forum and these posts are probably still here. I do not have a degree ( well in the school of life – several !) but was advised by our immigration consultant (was expensive but in some ways worth it) that we could get in. I went back to IT for my first job ( a whole lesson on it’s own) and then into electronics for my second job whilst our PR had not been finalised.

My point:
We were determined to get into NZ. It took us about a year to get PR and after that you can start your Co if you wish. My advise is, come to NZ and take a job, get to understand the NZ market/s and the international markets that are very accessible from NZ ( Oz for example).

I thought this whole term “ New Zealand experience” quite cocky as I have international experience but on hindsight ( 20/20 vision) it is right. NZ is different, it has a small market and internally (within NZ) the business tactics are somewhat different.

NZ is a great and very easy place to start a business ( once you have your PR) but it will stand in your favour to understand the locals ( if you don’t already).

I would say you can really reduce your risk by considering the other immigration route as lots of people have lost lots of money coming to NZ believing that their overseas business experience will be valid here and many of them bought existing businesses. Not always the case.

It also depends or your motivation to move to NZ as it is not for everyone. It is very laid back here and is awesome family life. If you are into the club scene I reckon it could be a bit quieter here for anyone looking for that. I would say Oz would be a better bet in that case.

You should also consider that if you get a work permit your husband / wife gets one automatically and can start a business on a work permit. My wife did that.

In that scenario you could get a job and your partner could start the business and therefore pursuing your real goals in the very short term.

Anyway, some points for consideration for you.

You are welcome to PM me if you would like more info and if you are on Skype we could hook up sometime.

Cheers and good luck.
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Old Feb 19th 2007, 2:25 pm
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Default Re: Long term business visa

I get regular e bulletins from NZ Insider at nukiwi.com and they have released the following this morning re LTBV.

3. GOOD NEWS FOR LONG-TERM BUSINESS VISA (LTBV) APPLICANTS

Although we continue to wait patiently for meaningful news
of the promised revisions to the government's failed
Investor category policy (now expected sometime in
March/April), we do have concrete good news concerning
Long-Term Business Visa (LTBV) policy interpretation.

New Zealand Immigration Service (NZIS) business specialists
have a great deal of leeway when reviewing and approving
business cases. However, for the past several years, they
have typically looked unfavourably on applicants seeking to
establish a franchise or whose prior business ownership or
senior management experience is unrelated to their proposed
venture.

But now, with the number of LTBV applications down
significantly (gee, now why would that be?), the powers on
high have issued new marching orders to the frontline case
officer troops -- a kinder, gentler approach to franchises
and prior management experience.

Where before, most LTBV applications involving franchises
would have been dismissed out of hand, they are now being
evaluated on a case-by-base basis. Where before, an
applicant proposing to open, say, a tourism business, but
whose prior management experience was in, say, industrial
equipment, would have been typically declined, NZIS is now
recognizing the universal value of administrative experience
common to a wide variety of businesses. And where before,
the amount of funding was not equivalently weighted to
experience, it will now be considered on an equal basis.

In short, the chances of securing residency through an LTBV
application have now greatly improved (for the moment at
least). But don't be lulled into a false sense of ease.
Business and investment immigration have always been an
area rife with pitfalls for the unwary. The stakes and
the administrative hurdles are typically far greater than
under other policy paths and you must be certain that your
case is expertly presented.

If you are interested in pursuing this type of business
investment approach to residency, and would like professional
assistance to do so, be sure to drop us a line at
[email protected] and we'll see that you are well taken
care of.


==================================================
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Old Feb 19th 2007, 6:12 pm
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Default Re: Long term business visa - consider ??

Originally Posted by simonmarkellis View Post
I get regular e bulletins from NZ Insider at nukiwi.com and they have released the following this morning re LTBV.

3. GOOD NEWS FOR LONG-TERM BUSINESS VISA (LTBV) APPLICANTS

If you are interested in pursuing this type of business
investment approach to residency, and would like professional
assistance to do so, be sure to drop us a line at
[email protected] and we'll see that you are well taken
care of.


==================================================
Yup,

That all sounds good and sounds like nukiwi have a good business.

I can only offer what I have heard from folk that came over on the LTBV and that is their experience of up to five years waiting and dealing with immigration officials. That is not the introduction I personally like to any situation and for me would not seem like a good business plan. Also seems like a bit of a cash cow to me.

Of course NZ has had to review its policies because there is a skills shortage and I speak from experience having run several recruitment campaign s here. In most skilled areas you are lucky to receive a CV that is written in decent English.

Makes sense to me from an economical point of view too. If managers overseas want to come into to NZ and buy a dry cleaning franchise, let’s help them to invest their money in NZ and let’s get them here. If the franchise fails then they will have to get a job.

I am not saying it is all bad. I am just saying that we know quite a few people that made that mistake. Besides people that have management experience usually do not want to be running mobile car valet services as they would rather be managing people.

My advice to anyone considering the move to NZ is to work here in NZ to enable an understanding of the NZ market. That is why when you come over looking for a job a lot of employers here are reserved in offering jobs to newbie’s here. They call it “new Zealand experience” ask ANY recruitment agency.

Anyway, as usual – that is just my opinion. Would be interested to see if we get some response from folk that have come over on the LTBV plan and hear it from the horse’s mouth.

Cheers
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