This four year visa is for senior executive employees, who have significant net assets and a genuine and realistic commitment to participate in the management of a new or existing business in Australia. This visa is the first step towards being granted permanent residency.
With this visa you can establish a new or existing business in Australia, travel in and out of Australia any number of times as long as the visa is valid and have your family accompany you to Australia (they will have access to work and study rights).
After two (2) years or more you may be eligible to apply for a Business Owner (residence) visa or the State/Territory Sponsored Business Owner (residence) visa if you meet all the obligations of this visa and additional requirements of the permanent Business Skills visa you apply for.
You must be outside Australia when this visa is granted, unless you hold a student visa at the time of application
Eligibility
You must be less than 45 years old and have vocational English.
You must notify the appropriate regional authority of a state or territory of your intention to develop a business in that State or Territory.
You have an overall successful business career and have occupied a position in the three highest levels of management of a major business. In that position you were responsible for the strategic policy development affecting a major component or a wide range of operations of that major business, and have done so for at least two of the four fiscal years immediately before you apply.
You and your spouse’s total assets have a net value of at least $800,000, were legally acquired and are capable of transfer to Australia within two years of being granted this visa and in addition have sufficient assets to settle in Australia.
You have sufficient assets (additional to those above) of at least $100,000 to settle in Australia.
You have not been engaged in a business where the provision of professional, technical or trade services took more than 50% of your time and you (or your spouse) have never been involved in unacceptable business activities.
You must have a commitment to maintain an ownership interest in a business in Australia and have direct and continuous involvement in management of that business which requires you to live in Australia on a temporary basis for business reasons.
Visa Charges
1st installment of $3,930.00 (AUD) is payable at the time of making the application.
2nd installment of $4,110.00 (AUD) must be paid before the visa is granted if you have dependant 18 years of age or older who have less than functional English.
