Business Owner Visa
Australian Business Skills Migration»Business Owner Visa
The Business Owner Visa is for people who have a successful business career, and have a genuine and realistic commitment to be involved as the owner of a new or an existing business in Australia.
To be eligible to apply for a Business Owner visa, you must meet the following requirements:
- have an overall successful business career
- for at least two of the four financial years immediately preceding the application, you (or you and your spouse together) must have net assets in a qualifying business of at least A$200,000
- for at least two of the four fiscal years immediately preceding the application, your main business, or main businesses together, had an annual turnover of at least A$500,000
- you (or you and your spouse together) must show that your business and personal assets have a net value of at least A$500,000 which are lawfully acquired and available to transfer to Australia within two years after the grant of this visa
- you (or you and your spouse together) must show that you have business and personal assets, in addition to the assets above, that are of a sufficient net value to settle in Australia
- be under the age of 45 at the time of application
- have at least a vocational level of English
- have not been engaged in a business where the provision of professional, technical or trade services took up more than 50% of your time
- neither you or your spouse should have a history of involvement in business or investment activities that are not generally acceptable in Australia
- have notified the appropriate regional authority of a state or territory of your business history and intentions to develop a business in that state or territory
- have a realistic commitment to establish or participate in a qualifying business in Australia and maintain a substantial ownership and direct and continuous involvement in the management of that business
- have demonstrated that there is a need to be temporarily in Australia to conduct or establish the proposed business activity; and
- have signed a declaration that you understand your obligations as the holder of this type of visa.
The Business Owner (Provisional) visa is a temporary visa that entitles you to own (or part own) an Australian business and your family to live and work or study in Australia for up to four years.
Upon satisfying certain requirements, you may qualify for permanent residence under one of the Business Skills (Residence) visa categories. This second stage may require sponsorship from a participating State or Territory government.
Do you qualify for a Business Owner Visa? Look for an expert advice.
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