business visas - visa requirements - business owner

The Business Owner Visas is designed for successful business owners with a legitimate interest in establishing and managing a business in Australia. The requirements of the Business Owner Visa are:

• For two of the past four fiscal years, the applicant must have an actively operating business(es) (ie, not for passive or speculative purposes) in an overseas country
   
• Must have actively participated in the management of that business.
   
• Over the same period, the applicant’s main business/s must have had an annual turnover of at least AUD$500,000.
   
• For two of the past four years, the applicant, applicant’s spouse or both must hold:
   
• ownership interest of at least AUD$200,000 in the business/s, or at least a 10% share in the business if publicly listed company AND
   
• have net business and personal assets of at least AUD$500 000; which must be lawfully acquired and available for transfer to Australia within 2 years after the grant of the visa.

Sponsorship – under the Business Owner Visa it is possible to obtain sponsorship from a State or Territory Government to encourage successful business people to settle in Australia and set up a business. If you are successful in securing sponsorship, your visa application will be considered against a lower business turnover threshold. Each State and Territory Government has different criteria for deciding whom they will sponsor.
 

If you need to visit Australia for business purposes for a period of less than 3 months the Business Visitor Visa is what you require. For more information on how to apply for this visa online please click here.