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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, you must have an actively operating
business(es) (ie, not for passive or speculative purposes) in an overseas
country
- You must have actively participated in the management of that business.
- For two of the past four fiscal years, your main business/s must have
had an annual turnover of at least AU$500,000.
- You (and your partner combined) must have owned at least:
- 51 per cent of the business where the turnover is less than AU$400,000
per annum.
- 30 per cent of the business where the turnover is AU$400,000
or more per annum.
- 10 per cent where the business is a publicly listed company.
- You have net business and personal assets of at least AU$800,000;
which must be lawfully acquired and available for transfer to Australia
within 2 years after the grant of the visa.
- You must be less than 45 years of age (less than 55 years of age for
state sponsorship).
- You must have vocational (IELTS 5) English (not required for state
sponsorship).
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 assets and turnover thresholds.
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. |
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