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Business Owner (Residence)

On 1 March 2003 a new Business Migration program introduced a two-stage application process. At the first stage business migrants can apply for a provisional visa.

Once granted the provisional visa, business migrants have 4 years within which to satisfy all the requirements of the business skills (residence) visa and qualify for permanent residence.

Applicants applying for any of the business skills visas, be it at the provisional or permanent residence stage, can apply for State/Territory government sponsorship. If such sponsorship is obtained, the requirements are significantly lower than under the un-sponsored categories.

An application for a permanent residence visa can also be made at first instance by high calibre business persons, under the Business Talent visa category. That is, the Business Talent visa does not require that you first have a provisional visa.

Business Owner (Residence)

To make an application for the Business Owner (Residence) visa, you will need to show that you:

  • hold any of the Business Skills (Provisional) visas;
  • have an ownership interest in one or more actively operating main business(es) for at least 2 years;
  • are involved in strategic management of the business(es);
  • employ at least 2 Australian citizen or permanent resident employees who are not family members;
  • have substantial business and personal assets ($A250,000);
  • have substantial net assets in business ($A100,000 for 12 months);
  • have achieved a significant annual turnover in your business (of at least $A300,000 in 12 months);
  • have no history of unacceptable business activities; and
  • have been in Australia as the holder of a qualifying visa for at least 1 year in the last 2 years.
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