Sponsored Investor (Provisional)
This particular visa subclass is for successful Investors and Business people under the age of 55 years wishing to establish business prospects in Australia. English is not essential however to qualify for this particular visa the applicant must be able to satisfy the following:
- Demonstrate an overall successful record of eligible investment activity or qualifying business activity.
- Must be under 55 years of age.
- The applicant has had a total of at least 3 years experience of direct involvement in managing 1 or more qualifying businesses or eligible investments.
- Throughout at least 1 of the 5 fiscal years the applicant maintained direct involvement in managing a qualifying business in which he/she had an ownership interest of at least 10% of the total value of the business, or
- The applicant maintained direct involvement in managing eligible investments that had a total net value of at least $750,000AUD.
- Throughout the 2 fiscal years immediately before the application is made, the business and personal assets of the applicant and/or applicants spouse together has a net value of at least $1,125,000AUD.
- The applicant must make a designated investment of an amount of $750,000AUD in the name of the applicant, in the State or Territory in which the appropriate regional authority that sponsored the applicant is located.
- The applicant has demonstrated a high level of managing skill in relation to an eligible investment or qualifying business activity.
- Neither the applicant and/or his spouse have a history of involvement in business activities that are of a nature that is not generally acceptable in Australia.
- Notification must been made to the appropriate regional authority of a State or Territory of the applicants business history and the intention to lodge a designated investment in that State or Territory.
- The applicant genuinely has a realistic commitment, after entry to Australia as the holder of a Sponsored Investor, to continue to maintain business or investment activity in Australia after the designated investment made by the applicant, or by the applicant and his or her spouse, has matured.
- A declaration has been signed that the applicant understands his/her obligations as the holder of a Sponsored Investor.