Satisfy the New Zealand Immigration Service (NZIS) that you are genuinely interested in establishing a business in New Zealand;
Have a satisfactory business plan (see below);
Have business experience and market knowledge relevant to your business plan;
Have detailed financial information about the business set up and maintenance;
Have not been involved in business bankruptcy or failure/fraud within the previous 5 years;
Have already obtained professional/occupational registration in New Zealand if it is required for operating your proposed business;
Meet the NZIS health, character and English language requirements;
Have the necessary investment capital for the business and sufficient funds to support any spouse/partner or dependent children included in your application.

Your business plan must include:

Details of the type, validity and financial viability of your proposed business venture;
Evidence of sufficient funds for yourself and the proposed business;
Realistic financial forecasts for the business;
Evidence of your relevant business experience and knowledge;
Your business record - which shows you have not been involved in business failure, fraud or bankruptcy in the last 5 years;
Details of the planned marketing, product distribution, ownership structure and timelines for the business.

New Zealand Long Term Business Visa