Sponsored Business Visa

State/Territory Sponsored Business Owner (Temporary) 163

Basic Eligibility:
 Must be less than 55 years age (age concession for regional sponsored visa)
Genuine interest in a new business or existing business
Be outside Australia at the time of application, else hold student visa
IELTS 5 within one year validity
Must be sponsored by a state or Region

Financial Requirements:
Annual turn over of $300,000 2/4 years
Ownership of 51% if Turnover less than $400,000
Ownership of 30% if turnover more than $400,000
Ownership 10% if publicly listed Co
Total assets of $500,000/- being able to transfer to Australia within a two year time frame.
You have sufficient assets to settle in Australia

Duration of Visa:
4 Years
Eligible for PR after two years holding sub class160

State/Territory Sponsored Senior Executive (Temporary) 164

Basic Eligibility:
less than 55 years old

Sponsored by State or Territory Government

Have significant net assets.

Genuine/Realistic commitment to participate & manage new or existing business.

Be outside Australia at the time of application, else hold student visa

IELTS 5 within one year validity.

Financial Requirements:
Assets of at least AUD500 000, ready for transfer to Australia within 2 years of visa.

Sufficient assets (additional) to settle in Aus.

Obligations:
Notify State/ Territory

Intention to develop a business in that State/Territory.

A need to live in Australia temporarily

Commitment to ownership interest

Duration:

4 years

Eligible for PR after 2 years after holding sub class 164