The Australian Government understands that throughout the years international business people have considerably boosted the skills base of the Australian economy, expanded local business and export activity and created employment opportunities for Australians.
Despite the global economic slowdown,
Australia continues to thrive and boasts one of the most developed and technologically advanced economies in the world. Located in the Asia-Pacific region,
Australia is strategically positioned to offer business migrants an exciting edge and a chance for a better lifestyle.
COMPASS AUSTRALIA helps
successful business visa applicants to apply for 2 stage visa processing system. The initial visa granted is for 4 year provisional visa. After establishing a business, or maintaining an investment in Australia, provisional visa holders are eligible to apply for a permanent residency visa. Complete the below free initial assessment for our Registered Migration Agent to assess the best business migration visa strategy.
To help answer some of these basic questions below is a brief introduction to the Australian immigration system for Business Migration.
Australiahas proactive business immigration regulations. There are three main options: Business Owner, Investor Class and Senior Executive class, plus a number of less popular classes.
If you own and operate a business and possess total assets of at least A$500,000, you can consider an application under the Business Owner class. Under this class, the process is essentially divided into two stages: provisional (4 years) and then permanent. To qualify for the provisional visa, applicants must possess net assets of at least A$200,000 in a qualifying business with an annual turnover of at least A$500,000, for at least 2 years of the 4 years immediately prior to applying. Applicants must be under 45 years of age. You must prepare a viable, well-researched Australian business proposal and have past relevant management experience, and an overall successful business career. Once approved, you will receive a 4-year provisional visa to travel to
Australia in order to establish or purchase a business enterprise.
To qualify for permanent residence, you must have carried out your intention to take up an ownership interest in a qualifying Australian business. For 12 months immediately before applying, you must possess net assets of A$100,000 in that business, a turnover of at least A$300,000 AND overall net personal and business assets in
Australia of at least A$250,000. Furthermore, your Australian business must have employed at least the equivalent of 2 full-time employees who are not members of your family. Applicants aged between 45 and 55 years or those not meeting the above financial thresholds can consider an application under the Business Owner (State Sponsored). Under this class, applicants must apply and be approved for sponsorship with one of the participating State or Territory governments. Most significantly, the financial requirements are reduced under this class. Applicants are required to have had an ownership interest in a business with a lower annual turnover of $300,000 in 2 of the last 4 years, OR a sound continuous business employment record in a senior management role for at least 4 years. You must also be under 55 years of age and possess total personal and business assets of at least A$250,000, plus sufficient assets available to settle in Australia.Furthermore, it is necessary to reside in your nominated state for 4 years in order to be approved for a permanent residence visa.
Under the Investor Class, applicants must have possessed a net worth of A$2,250,000 for at least 2 fiscal years immediately prior to applying. Of this amount, applicants must be prepared to invest A$1,500,000 into
AustralianState treasury bonds for at least 4 years. The investment is Government guaranteed and interest is paid on the investment. Applicants must be under 45 years of age. In addition, applicants must have owned and managed a business OR had a direct involvement in managing eligible investments, AND are required to meet a range of financial/ownership thresholds. The Investor Class allows for the granting of a 4-year provisional visa, after which time a permanent visa can be applied for once investment criteria has been met. Applicants aged between 45 and 55 years or those not meeting the above financial thresholds can consider an application under the Investor Class (State Sponsored). Under this class, applicants must apply and be approved for sponsorship with one of the participating State or Territory Governments.
Most notably, the financial requirements are reduced under this class. Applicants are required to possess a lower net worth of A$1,125,000, of which A$750,000 must be invested for 4 years. Under this option, it is necessary to remain in your nominated state for 4 years in order to be approved for a permanent residence visa. If you are proposing to establish a business in
Australia that your sponsoring State or Territory Government has determined is of exceptional economic benefit, then you can consider an application under the Business Talent class, providing the set financial criteria is met.
All applicants are required to satisfy health, character, police and credibility checks, and a range of other criteria.
COMPASS AUSTRALIA highly recommends its clients to undertake the initial free assessment allowing the Registered Migration Agent to recommend the best strategy.
