Applicants able to show that they have had at least 10% ownership of an Australian business for at least 18 months would also be eligible to apply for this visa but would still have to satisfy basic criteria and pass a points test which incorporates their age, English language ability, business attributes and net assets.
To be eligible for one of the provisional business visas, the applicant must have:
• a successful business or investment career; and
• a genuine commitment to engage in business activities in Australia.
Business Skills Program Subclasses
There are four main visa subclasses under the Business Skills Program:
1. Business Owner Visa
Foreign based business owners interested in expanding their businesses to an Australian state or territory can apply for a visa under the Business Owner visa subclass.
2. Senior Executive Visa
High-level executives employed by major international businesses, can apply under the Senior Executive visa subclass. Those who secure sponsorship will apply under the State/Territory Sponsored Senior Executive visa subclass.
3. Investor Visa
Experienced business investors, willing to invest substantial capital into an Australian Government Security for a fixed term, can apply under the Investor visa subclass. Applicants who secure sponsorship will apply under the State/Territory Sponsored Investor visa subclass.
4. Established Business in Australia Visa
Applicants who have already established a business in Australia may be eligible to migrate under the Established Business in Australia visa subclass. This is a permanent residency visa.
Permanent residency can be applied for once the applicant’s business has been operating in Australia for at least 2 years, or their investment has been retained for four years. Permanent residents have the right to live, work and study in Australia indefinitely.