business visas - visa requirements - established business owner

This visa is designed for Temporary Visa holders who already have established a successful business in Australia and wish to apply to remain permanently on business skill grounds. The requirements of the Established Business Owner Visa are:

• The applicant, the applicant's spouse, or the applicant and his or her spouse together:
  • Must have net business and personal assets of at least AUD$250,000.
  • Are lawfully acquired and available for transfer to Australia within 2 years after the grant of the visa.
  • Have been physically present in Australia on a temporary substantive visa for at least 9 months cumulatively in the last 12 months.
  • Have assets of at least AUD$100,000 in a business in Australia for throughout the past 12 months
  • Has a business that has a turnover of at least AUD$200,000 or exports of at least AUD$100,000 in the last 12 months.
  • Have had at least 3 full-time Australian employees (non family members) or part-time pro-rata equivalent throughout the last 12 months.
  • Have been directly involved in the day to day operation and overall management direction of a business throughout the last 12 months.

In addition, applicants must pass a points test, which assesses applicants based on:

• Age
• Language ability
• Business attributes
• Net assets

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