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Thread: buying a business

  1. #1
    JeffFriggens is offline Junior Member
    Join Date
    Feb 2006

    Default buying a business

    I wondered if any one might know if it is possible to purchase a business in NZ, a going concern as opposed to a start up, or would you need to be a resident or have visas sorted first?

  2. #2
    MotherBear's Avatar
    MotherBear is offline The missing link
    Join Date
    Jan 2005
    currently Ras al Khaimah, UAE, ex Wales, UK
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    Default buying a business

    Hi Jeff and welcome to the forum.

    It would appear that you would certainly need either a Resident's visa or Long Term Business Visa to be able to run a business in NZ. In case you haven't already seen it, have a look at this on the Immigration site. Follow the links through and it should answer some of your questions.
    Mother Bear

    Try to bloom wherever you are planted.

  3. #3
    Taffy's Avatar
    Taffy is offline He who shall be ignored
    Join Date
    May 2004
    Hamilton, NZ
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    Default buying a business

    Hi Jeff,

    MB is right, you will need one of those visas to run a business. You can buy a business as part of your Long Term Business Visa application.

    If you do choose to go down that route, be aware that you must have had experience in the running of such a business. For example, you can't just buy an electricians business if you've only ever had experience in cooking hotdogs!!

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

  4. #4
    macfod's Avatar
    macfod is offline Oh Masterful One
    Join Date
    Mar 2005

    Default the new look venture

    we all appear to have lots of hoops to jump to get to NZ so its great having this site here.

    We are planning to open or take over and revive an exisiting business in the south island.
    We havent had any own business experience in the UK but can cook mighty good chilli's and hotdogs- so would :icon_rolleyes: we get knocked down at the first hurdle if we wanted to open our own food bar.
    We have good managerial and business experience and lots of umph.. so we are going out and knocking a few doors down to get sorted .
    So, do be put off as the more experiences we have and report back on the more people learn.

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