What is Business Owner Visa?
Business Owner Visa is for individuals who are well experienced in business, and interested in Australia Migration. This Subclass 890 Visa enables the candidates who have an existing business or wish to start a new business to dwell and work in the country. It is a gateway to the business people who are currently working on a Temporary Visa and want to obtain an Australia Permanent Residency. It is valid for five years, during this period the Visa holder can avail benefits such as social and economic services same like Australian citizens having.
Eligibility Requirements for Business Owner Visa:
To be eligible to apply for a Business Owner Visa for Australia
, individuals should meet the following requirements:
- Subclass 162 [Business (Provisional) Owner Visa]
- Subclass 161 [Senior (Provisional) Executive Visa]
- Subclass 162 [Investor (Provisional) Visa]
- Subclass 163 [Territory/State Sponsored (Provisional) Business Owner visa]
- Subclass 164 [Territory/State Sponsored Senior (Provisional) Executive Visa]
- Subclass 165 [Territory/State Sponsored Investor (Provisional) Visa]
- Must have genuine intentions to proceed with your investment ventures and business in Australia
- You must have resided for at least 1 year out of 2 years on any of the provisional Visas
- You and your spouse or partner cannot be involved in any illegal business activities.
The applicants should have:
- The Applicant should have 51% of a business must with an annual turnover of below 400,000 AUD
- Candidates must have 30% of a business with a yearly turnover of AUD 400,000 or more
- Candidates should have 10% of a key business in Australia if bought before 19th April 2010
- Visa Applicants need to have 10% of a business which is a public listed company.
Benefits of Getting Australian Business Owner Visa
- Can Work and Settle in Australia indefinitely
- Dependents family members are allowed to work and study in the country
- Dependent children can get free education in the top government schools
- Can best Medicare services with the top medically advanced nations in the world
- Can also apply for the country citizenship
- Can sponsor your family or relatives for Australian Permanent Residency.
- Can use this Nation as a base to extend your business networks which help grow your business
- Allows you to travel anywhere within the Nation for 5 years starting from the day visa is issued.
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