Sponsored Business Owner (Provisional)

This particular visa subclass is for successful business people aged under the age of 55 wishing to establish business prospects in Australia. English is not a necessity however to qualify for this particular visa the applicant must be able to satisfy the following:

• Demonstrate an overall successful business career.
• Must be under 55 years of age.
• Obtain sponsorship by a State or Territory regional authority for approval of the proposed business activity.
• For at least 2 out of the past 4 fiscal years the applicant’s main business or the applicant’s main businesses together, had an annual turnover of at least $300,000AUD, or;
• Has had a sound continuous employment record in a senior management roll in a qualifying business for at least 4 years immediately before the application is made and has demonstrated a high level of management skill.
• The business and personal assets of the applicant and/or applicants spouse together has a net value of at least $250,000AUD and are lawfully acquired and are available for transfer, and capable of being transferred, to Australia within 2 years after the grant of a subclass 160 visa.
• In the applicants qualifying business, it must be shown that at least half the time spent was in operating that business and not in providing professional, technical or trade services.
• 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 intention to develop business in that State or Territory.
• The applicant genuinely has a realistic commitment, after entry to Australia as the holder of a Sponsored Business Owner, to establish a business or participate in an existing business in Australia.
• It is demonstrated that there is a need for the applicant to be temporarily resident in Australia to conduct or establish the proposed business activity.
• A declaration has been signed that the applicant understands his/her obligations as the holder of a Sponsored Business Owner.