Visas & Advice Detail
Business Ownership Visa
If you are interested in establishing a business in Australia, this two stage visa could be the one to consider
Key requirements
This is a two-stage visa which requires an applicant to set up a business in australia. You will need to have
Had a successful business career
Have total net assets of at least aus$250,000
Be under 55 years of age
Have spent at least two of the four years prior to your application in a management role of a business with an annual turnover of aus$300,000
Be of good health and character
Possibly have sponsorship from the state you wish to set up the business and live in
Processing time
The four year provisional (first stage) visa should take between nine to 12 months to process. You must have held this visa for at least two years before you will be eligible to apply for permanent residency. In order to be awarded the permanent visa your business will have to meet certain other financial criteria during the period in which your provisional visa is valid.
Alternatives
Other business visas include the business investment category and the business talent visa. the business investment (also a two-stage visa) is valid for those who have significant monetary assests gained from successful investment or business and who are prepared to make an investment into an australian government bond for four years. the business talent visa designed for high-calibre business owners who must obtain sponsorship of the state/territory they wish to reside in.
For further information:
Department of Immigration & Multicultural Affairs
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