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Thread: LTBV Approved in Principle

  1. #1
    Join Date
    Sep 2006
    Posts
    98

    Default LTBV Approved in Principle

    Whoop whoop, we have finally had our LTBV approved in principle which is fantastic news. Has anyone any experience of going down this route? i.e making reasonable progress to setting up your business within nine months, it doesn't seem very long when in that time we have to sell up over here. What sort of proof did you use. Also in that time the business you have in mind may sell, How flexible are the NZIS in changing your business but staying within the same industry??? Any advise would be gladly received.
    Thank you

  2. #2
    Join Date
    Sep 2007
    Location
    Waitakaruru
    Posts
    167

    Default

    Well done, now for the tricky bit. We bought an existing business, so it was just a case of giving them the proof of purchase docs etc. I believe you will need to show that you are in either the process of buying an existing business, or have the plans in place in setting up a new one (premises, suppliers, bank accounts) The 9 months goes very fast so better get cracking. You should still have my e-mail address so contact me if you need any other help and don't want it on the forum.

  3. #3
    Join Date
    Sep 2006
    Posts
    98

    Default

    Thank you so muchly will do!

  4. #4
    Join Date
    Feb 2008
    Posts
    36,889

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  5. #5
    Join Date
    Sep 2006
    Posts
    98

    Default

    Thank you

  6. #6
    Join Date
    Sep 2011
    Location
    Canada
    Posts
    41

    Default

    Congrats wolfy. Great news. Do you mind sharing how long the application took? And did you use an agent? Or attack this on your own?

  7. #7
    Join Date
    Sep 2006
    Posts
    98

    Default

    Quote Originally Posted by Sidekickeh View Post
    Congrats wolfy. Great news. Do you mind sharing how long the application took? And did you use an agent? Or attack this on your own?
    Thank you, we submitted our LTBV application at the beginning of March and it was approved on the 3rd of May. We did the application ourselves. Although i'm sure agents are really useful we believe that no one can have the passion like yourself and you can express that if your doing your own application. Now its for all the hard work we are busy getting the house ready to sell.

  8. #8
    Join Date
    Nov 2011
    Location
    Christchurch, New Zealand
    Posts
    59

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    Hi Wolfy,
    How about your business now, very good I hope,
    Can you share with us some of your experience on prepare documents for LTBV,
    Do you setup brand new company or purchase the existing one?
    Brian

  9. #9
    Join Date
    Jun 2008
    Location
    Martinborough , NZ
    Posts
    18

    Default

    hi,
    i set up a new business here on a ltbv just over 3 years ago which seems like a lifetime ago now! from what i can remember you have to show you are making progress towards establishing the business as detailed in an earlier reply and on this basis i am pretty sure they extended the visa without any issues. i didnít trade at all in the first 9 months and we were fine. changing business can mean you basically restart your application but it does depend on what the changes are e.g. if you start a business in the wellington region you canít move the business to a different location outside of that region. you cant go from selling costumes to selling electrical goods - basically whatever is stamped on your visa is what you pretty much have to stick to otherwise i think it is pretty much regarded as a new application. i am happy to answer specific questions from my experience if you want to shout them out.

  10. #10
    Join Date
    Nov 2011
    Location
    Christchurch, New Zealand
    Posts
    59

    Default

    Hi Rick,
    Thanks for your info, so did you made the ltbv application by your own or with agents?,
    There are some requirements as contribution to NZ, sound business plan, similar experiences... that need to be carefully address
    Are you working in Fashion business?
    I am thinking of buying franchise in the fast food / cafe business in Auckland areas,
    Brian

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