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When Emigrating to Australia, the Business Visa Class may well be a viable option for you. Below you’ll find an overview of the different types of Australian Business Visa’s currently available to you:
STATE / TERRITORY SPONSORED BUSINESS OWNER (PROVISIONAL) CATEGORY – Subclass 163
Who can apply: Business people intending to establish a business in Australia.
What it entitles you to: A 4-year provisional visa.
Terms & Conditions: Applicants, must be aged less than 55. They must be able to demonstrate that they have at least four years’ successful business experience in a senior management role in a business or businesses in which they have an ownership interest; that their current business has had a turnover of at least $300,000 in 2 of the previous 4 years; that their business and personal assets have a net value of at least $250,000 and that they have adequate assets to finance the new venture and to support themselves whilst the business is being established; they must also demonstrate that they have carefully researched the market and must submit a detailed business plan. They must obtain sponsorship from the appropriate regional authority of a State or Territory government.
Further Information: The proposal must be shown to offer benefit to Australia. Once the business has been successfully established, a permanent visa may be applied forBUSINESS OWNER (PROVISIONAL) CATEGORY – Subclass 160
Who can apply: Business people intending to establish a business in Australia.
What it entitles you to: A 4-year provisional visa.
Terms & Conditions: Applicants must be aged less than 45. They must be able to demonstrate that they have at least four years’ successful business experience in a senior management role; that their current business has had a turnover of at least $500,000 in 2 of the previous 4 years; that their business and personal assets have a net value of at least $500,000 with net assets in the business of $200,000 and that they have adequate assets to finance the new venture and to support themselves whilst the business is being established; they must also demonstrate that they have carefully researched the market and must submit a detailed business plan. They must notify the appropriate regional authority of a State or Territory government, but do not need to obtain sponsorship.
Further Information: The proposal must be shown to offer benefit to Australia. Once the business has been successfully established, a permanent visa may be applied for.
STATE / TERRITORY SPONSORED INVESTOR (PROVISIONAL) CATEGORY – Subclass 165
Who can apply: Business people willing to invest $750,000 in Australia
What it entitles you to:. A 4-year provisional visa
Terms & Conditions: Applicants must be aged less than 55. They must be able to demonstrate that they have at least three years’ experience of direct involvement in managing one or more businesses or investments with an ownership interest of a least 10%, that their assets have net value of at least $1,125,000 and that they can demonstrate a high level of management skill in relation to investment or business activity. They must obtain sponsorship from the appropriate regional authority of a State or Territory government.
Further Information: The proposal must show that they intend to maintain a business or an investment in Australia after the designated investment has matured. At this point, a permanent visa may be applied for.
INVESTOR (PROVISIONAL) CATEGORY – Subclass 162
Who can apply: Business people willing to invest $1,500,000 in Australia
What it entitles you to:. A 4-year provisional visa
Terms & Conditions: Applicants must be aged less than 45. They must be able to demonstrate that, they have at least three years’ experience of direct involvement in managing one or more businesses or investments that their assets have a net value of at least $2,250,000 and that they can demonstrate a high level of management skill in relation to investment or business activity. They must notify the appropriate regional authority of a State or Territory government, but do not need to obtain sponsorship.
Further Information: The proposal must show that they intend to maintain a business or an investment in Australia after the designated investment has matured. At this point, a permanent visa may be applied for.
STATE / TERRITORY SPONSORED SENIOR EXECUTIVE (PROVISIONAL) CATEGORY – Subclass 164
Who can apply: Senior Executives intending to establish a business in Australia
What it entitles you to:. A 4-year provisional visa.
Terms & Conditions: Applicants must be aged less than 55 or they are proposing a business considered to be of exceptional economic benefit by the sponsoring state government, they must be able to demonstrate that, for at least two of the last four years, they have occupied a position in the 3 highest levels of the management structure of a major business; that their assets have a net value of at least $250,000 and that they have adequate assets to finance the new venture and to support themselves whilst the business is being established; they must also demonstrate that they have carefully researched the market and must submit a detailed business plan. They must obtain sponsorship from the appropriate regional authority of a State or Territory government.
Further Information: The proposal must be shown to offer benefit to Australia. Once the business has been successfully established, a permanent visa may be applied for
SENIOR EXECUTIVE (PROVISIONAL) CATEGORY – Subclass 161
Who can apply: Senior Executives intending to establish a business in Australia
What it entitles you to:. A 4-year provisional visa
Terms & Conditions: Applicants must be aged less than 45. They must be able to demonstrate that, for at least two of the last four years, they have occupied a position in the 3 highest levels of the management structure of a major business; that their assets have a net value of at least $500,000 and that they have adequate assets to finance the new venture and to support themselves whilst the business is being established; they must also demonstrate that they have carefully researched the market and must submit a detailed business plan. They must notify the appropriate regional authority of a State or Territory government, but do not need to obtain sponsorship.
Further Information: The proposal must be shown to offer benefit to Australia. Once the business has been successfully established, a permanent visa may be applied for
BUSINESS TALENT VISA (Permanent) – Subclass 132
Who can apply: Substantially wealthy business people who intend a significant business activity and who need to be resident to execute the business plan.
What it entitles you to:. A permanent residence visa
Terms & Conditions: Applicants must be aged less than 55 or are proposing a business considered to be of exceptional economic benefit by the sponsoring state government, and must be able to demonstrate
- minimum net business equity in the home country business of $400,000 (2 of the last 4 years),
- annual turnover in the home country business of $3 million (2 of last 4 years),
- minimum net personal assets of $1.5 million, able to be transferred to Australia
A proposal for State sponsorship must first be made, which will include substantial research – much of it conducted by the applicant, with total investment (applicant funds plus commercial loans) at well over one million dollars, expectation of many new jobs to be created, supported by a thorough business plan with conditional agreements between suppliers or partners etc. – in effect, this will read as an “all set business, just waiting to goâ€.
Further Information: Once sponsorship has been obtained, the proposal will then have to be approved by DIAC.
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