December 20th 2013 was the last day for submission of
Long Term Business Visa applications. The replacement Visa (to be
called Entrepreneur Work Visa) will not be introduced before March
The New Zealand Association for Migration and Investment
reported in its December newsletter to members that Immigration New
Zealand's delay in introducing the replacement business visa
policies is to clear a high backlog that developed under Long Term
The day before Immigration New Zealand's announcement of the
closure of the Long Term Business Visa, Business Migration Branch's
website stated that Long Term Business Visa allocation and
processing times were tracking at 4 months for allocation with only
43% of applications being processed within 90 days.
A source at Immigration New Zealand Customer Services confirmed
that meant processed within 90 days from allocation - not
lodgement. Effectively therefore, less than 50% of Long Term
Business Visa applications were being decided within 7 months of
The result is there is a three month hiatus before new business
visa applications can be lodged.
Immigration New Zealand has some helpful advice on how
prospective migrants can use this time to their advantage:
"People who are interested in applying for a visa to start their
own business in New Zealand are advised to put their efforts into
market research and compiling a strong business plan that will have
a good chance of being approved under new category".