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There are several business development visas. The majority of these visas involve a temporary, four year visa followed by a permanent visa (if the applicant satisfies numerous requirements during the first four year period). There is also provision for high calibre business people to obtain a permanent visa from the outset. State and territory governments are supportive of overseas skilled persons who can develop business in particular industries and they can provide sponsorship in each category. How we can help: We can advise with regard to whether or not this type of visa is appropriate. Once this has been established we can handle every aspect of the application process, with a view to making it as streamlined and stress-free as possible. This will include preparation of the relevant application forms, collation of the required supporting documentation and liaison with the authorities.
Please contact Cameron Stone or click here for full contact information. |
There are four main categories under the ‘business development’ visa category:
- Business Owner;
- Senior Executive;
- Investor; and
- Business Talent (identified by the State/Territory)
The first three visas above are ‘provisional’ visas, which after four years become permanent provided criteria can be met. The fourth option enables the applicant to obtain a permanent visa upon successful application for the visa. State/Territory government sponsorship is available for the first three options, and mandatory for the fourth. Age and English language requirements apply.
- Business Owner/State Territory Sponsored Business Owner
The applicant needs to have had a successful business career as a business owner, have significant personal and business assets, demonstrate sufficient annual turnover, and be committed to the ownership and management of a business in Australia. - Senior Executive/State Territory Sponsored Senior Executive
The applicant needs to have had a successful business career as a manager, have significant personal assets and to demonstrate an intention to have an ownership interest and have direct involvement in the management of a business in Australia. - Investor/State Territory Sponsored Investor
The applicant needs to have had direct involvement in managing a qualifying business or eligible investment, have demonstrated a high level of management skill in doing this, have made a significant designated investment in Australia, and be committed to the ownership and management of a business in Australia.
For all the above-mentioned visas, the applicant must be under 45 years of age unless sponsored by a State/Territory, in which case the applicant must be under 55 years.
In relation to the permanent visa application (including the corresponding State/Territory sponsored visa option), the applicant must hold one of the provisional visas for a minimum of four years before they become eligible to apply. Permanent visa applicants are assessed on the state of the business established at the time of application.
- Business Talent:
This is a permanent visa which does not require the applicant to obtain a provisional visa first. The applicant is a high calibre businessperson who must have had at least part ownership of a company, be sponsored by a state or territory government, and have a genuine commitment to managing a business in Australia.
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