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- Business Owner Provisional Visa
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Established Business in Australia Permanent Visa
This visa is designed for Temporary Visa holders who already have established a successful business in Australia and wish to apply to remain permanently on business skill grounds.
This visa will let you:
- work in your established business in Australia;
- travel in and out of Australia any number of times as long as your visa is valid
- study in Australia;
- have your family accompany you to Australia, who will have the same entitlements as you;
- live in Australia as a permanent resident for five years (after 5 years, you will need to apply for a resident return visa).
The requirements of the Established Business Owner Visa are:
The applicant, the applicant's spouse, or the applicant and his or her spouse together:
- Must have net business and personal assets of at least AUD$250,000;
- Have been physically present in Australia on a temporary substantive visa for at least 9 months cumulatively in the last 12 months;
- Have assets of at least AUD$100,000 in a business in Australia for throughout the past 12 months;
- Has a business that has a turnover of at least AUD$200,000 or exports of at least AUD$100,000 in the last 12 months;
- have held an ownership interest of at least 10% in up to two main businesses in Australia for at least 18 months immediately before applying for permanent residency;
- Have had at least 3 full-time Australian employees (non family members) or part-time pro-rata equivalent throughout the last 12 months;
- Have been directly involved in the day to day operation and overall management direction of a business throughout the last 12 months.
In addition, applicants must pass a points test(score 105 points), which assesses applicants based on:
- Age
- Language ability
- Business attributes
- Net assets
Health requirement
The applicant and family members meet certain health requirements and may need to undergo a health examination
Character requirement
All family members of the applicant must be of good character to enter Australia.
Processing Times
The current processing time for migration to Australia on a business owner visa is 9-12 months, from the start of the process.