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Thread: Small Business money requirement

  1. #1
    Monika is offline Junior Member
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    Default Small Business money requirement

    Hi...I am trying to find out how much money is required, should I want to move to NZ and relocate a successful small business I have had for about 10 years in the US. Also, my husband is interested in buying a franchise business for sale in NZ. Any help you might give is appreciated. I can't seem to find this amount anywhere and just hoping it's not the same as the amount indicated for and investor.

  2. #2
    Taffy's Avatar
    Taffy is offline He who shall be ignored
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    Default Small Business money requirement

    Hi,

    The amount you need isnt published anywhere as there is no fixed amount. As long as you can buy the business, and have a suitable amount of money to keep you going for 2 years, then they are happy.

    As a guess, I expect $60,000 to cover 2 years would be a great position to be in, but the actual amount required could be a great deal less.
    Taffy

    The greatest mistake you can make in life is to be continually fearing you will make one.

  3. #3
    selchie's Avatar
    selchie is offline All Knowing Deity
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    Default Small Business money requirement

    To get PR as an entrepreneur, I believe you need to demonstrate that you have some business experience, It seems similar to what a lender might want in order to grant you a business loan.

    But if you're going in under the skilled category, and then opening a business, it's out of NZIS's jurisdiction after you complete their requirements (I think).
    If men had wings and bore black feathers, few of them would be clever enough to be crows.
    - Rev. Henry Ward Beecher, mid-1800s

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