Queensland’s 491 – Small Business Owners pathway: Changes You Need to Know About

If you are currently living and operating a small business in a regional area in Queensland, there are some changes to the 491 – Small Business Owners pathway you should take note of.

From 1 April 2021 the pre-existing business purchased will need to have been in operation for 2 years. Prior to this date, the requirement was only 1 year.

Moreover, there needs to be a minimum purchase price of $100,000. Before 1 April 2021, the total investment in the business needed to be $100,000.

Furthermore, sub-leases of franchises (such as petrol stations), and home-based businesses (such as courier and cleaning businesses) will not be considered.

These requirements are aimed at ensuring the program is sustainable in the long-term.

Businesses that were purchased prior to 1 April 2021 are not subject to these requirements.

Let the experts at This is Australia guide you through the complexities of the Migration field. Contact us today or call our Gold Coast office on +61 (0)7 5592 0755.