| Summary of Key Criteria – Business
Ownership Visas |
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| Criteria |
Business Owner (Provisional) Subclass 160 |
State/Territory Sponsored Business Owner (Provisional) Subclass 163 |
| Business Background |
Overall successful business career |
Overall successful business career |
| Net Assets – business |
AUD$200,000 |
Nil requirement |
| Net Assets – business and personal |
AUD$500,000 lawfully acquired and capable of being transferred to Australia within 2 years |
AUD$250,000 lawfully acquired and capable of being transferred to Australia within 2 years |
| Annual Turnover – business |
For at least 2 out of the last 4 fiscal years applicants
main businessfs overseas have annual turnover of at least AUD$500,000 |
For at least 2 out of the last 4 fiscal years applicants
main businessfs overseas have annual turnover of at least AUD$500,000 |
| Net assets – settlement |
Applicant and/or spouse have sufficient net assets
to settle in Australia |
Applicant and/or spouse have sufficient net assets
to settle in Australia as determined by sponsoring appropriate regional
authority |
| Shareholding |
If publicly listed company applicant and/or spouse
hold at least 10% |
Nil requirement |
| Role in overseas business |
For at least 2 out of 4 fiscal years immediately
before application is made, applicant has spent at least 50% of time in management
role in business that provides professional, technical or trade services |
For at least 2 out of 4 fiscal years immediately
before application is made, applicant has spent at least 50% of time in management
role in business that provides professional, technical or trade services |
| State/Territory Government |
Has notified appropriate regional authority in state/territory
regarding applicant and business intentions in Australia |
Sponsorship by appropriate regional authority required |
| State/Territory Government |
Has notified appropriate regional authority in state/territory
regarding applicant and business intentions in Australia |
Sponsorship by appropriate regional authority required |
| State/Territory Government |
Has notified appropriate regional authority in state/territory
regarding applicant and business intentions in Australia |
Sponsorship by appropriate regional authority required |
| Genuine business commitment |
To establish or participate in active management
of qualifying business in Australia and maintain substantial ownership interest |
To establish or participate in active management
of qualifying business in Aust and maintain substantial ownership interest |
| Nil unacceptable business activity |
Neither applicant or spouse has history of unacceptable
business activities |
Neither applicant or spouse has history of unacceptable business activities |
| Need to be in Australia |
Demonstrates need to be in Australia to conduct or
establish business activity in Australia |
Demonstrates need to be in Australia to conduct or
establish business activity in Australia |
| Age |
Under 45 years of age |
Under 55 years of age unless business is endorsed
by sponsoring state/territory government as being of exceptional economic
benefit |
| English |
Vocational English |
Nil requirement |