Those interested in immigrating to Australia with extensive business expertise are eligible for the Business Owner Visa (subclass 160). The Business Owner Visa (subclass 160) is only available to people who want to invest or start a business in Australia. Applicants must be sincere in their desire to do either of these things. The subclass 160 Business Owner Visa facilitates the acquisition of Australian Permanent Residency. Speak with a committed business visa lawyer in Perth for professional advice and assistance during the business visa application process.
What Is a Subclass 160 Visa?
Business owner provisional visa subclass 160, part of the Business Skills Program, is reserved for individuals who have succeeded in the business world. This visa is perfect for those who want to run an existing business or start a new one in Australia. Those with substantial commercial assets and a sincere desire to serve as a principal in the administration of a new or established company fall under this category, as does senior management or ownership. This is a temporary visa that leads to permanent residency in Australia.
Visa Requirements
Applying for a Business Owner (Provisional, Temporary, Not Sponsored) visa to Australia requires that you fulfil the following criteria:
- Within two years of your visa being granted, you (or you and your spouse jointly) must demonstrate that your personal and company assets have a net worth of at least AUD $500,000. These assets must have been obtained legally and be available for transfer to Australia.
- You have to demonstrate that your business career has been effective generally. You will need a business owner visa lawyer Perth for the best results.
- The applicant must be under 45 at the time of application.
- A statement attesting to your understanding of your responsibilities as the owner of this kind of visa must have been signed by you.
- You and your spouse shouldn’t have a history of engaging in investing or commercial ventures that aren’t customarily accepted in Australia.
- You (or you and your spouse jointly) must have had net assets in a qualified business of at least AUD $200,000 for at least two of the four fiscal years before the application.
- It is not appropriate for you or your spouse to have a past of engaging in commercial or financial endeavours that are not customarily accepted in Australia.
- It is necessary to inform the relevant regional authority of a state or territory about your past commercial dealings and plans to establish a company in that area.
- At least two of the four fiscal years before the application’s submission, your primary business or businesses combined generated at least AUD $500,000.
- You should have disclosed your business background and plans to establish a company in a state or territory to the relevant regional body.
- Establishing or taking part in a qualifying business in Australia requires a realistic commitment on your behalf, as does maintaining a sizable ownership stake and ongoing, direct involvement in the business’s operation.
- It would help if you spoke English at least at a vocational level. You must not have worked for a company where more than half of your time was spent providing professional, technical, or trade services.
- In addition to the assets mentioned above, you (or you and your spouse jointly) must demonstrate that you have additional personal and company assets with a net worth large enough to allow you to settle in Australia.
- As the bearer of this kind of visa, you have to have signed a declaration attesting to your understanding of your responsibilities.
- You must be realistic in your commitment to start or join a qualifying business in Australia, retain a sizable ownership stake in the company, and engage directly and consistently in its management.
- You must show that doing or establishing the intended business activity would require a brief stay in Australia.
- In order to carry out or develop the intended commercial activity, you must have shown that you are temporarily required in Australia.
Conclusion
The business visa program is a motivating route for international business owners who wish to set up and run their operations in Australia. The Australian government provides business owners with a number of temporary visas so they can operate there. It is imperative to know which visa category applies to your personal situation before applying. This is because discrepancies can cause visa rejection, which is a loss of valuable time, money and resources. Since understanding the immigration law system can be challenging, it is advisable to think about hiring a immigration lawyer Perthto help you along the way.
