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The Business Skills Migration (BSM) program underwent
some major changes from the 1st of March 2003
when the Australian Immigration Department introduced
the two-stage policy.
Under the two-stage arrangements, business migrants
are granted a Business Skills (Provisional) visa
for four years and, after establishing the requisite
level of business or maintaining their eligible
investment, are eligible to make an application
for a Business Skills (Residence) visa.
A direct permanent residence category will still
be available for high-calibre business migrants
sponsored by State/Territory governments. This
is known as the Business Talent visa-subclass
132. |
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Subclass
160 |
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BUSINESS
OWNER VISA (Provisional) |
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About this
Visa
This visa is for people
who have a successful business career,
and have a genuine and realistic commitment
to be involved as an owner in a new
or existing business in Australia. This
visa is also the first step towards
being granted a permanent Business Skills
visa.
Who is this visa
for?
This visa is for business owners from
overseas who intend to own a business
in Australia, and are less than 45 years
of age and have vocational English.
To apply for this visa types, applicants
must: |
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Have a successful
business career. |
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Have at least
10% ownership interest. |
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Have at least
AUD$200,000 invested in a business, or working in a publicly listed company with at least 10% of shareholding. |
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Have net
assets of at least AUD$500,000
lawfully acquired and capable of being transferred to
Australia within two years. |
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Have annual
turnover of at least AUD$500,000
for at least two out of last four
fiscal years. |
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Should be
involved in the day-to-day management
and control of the overseas business. |
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Genuine intention
to establish or participate in
active management of qualifying
business in Australian and realistic
commitment to maintain substantial
ownership interest. |
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Have sufficient
net assets to settle in Australia. |
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Have notified
appropriate regional authority
in state/territory regarding applicant
and business intention in Australia. |
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No history
of unacceptable business activities. |
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Demonstrate
need to be in Australia to conduct
or establish business activity
in Australia. |
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What does this visa let me do?
With this visa you can: |
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Establish
a new business or existing business
in Australia. |
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Travel in
and out of Australia any number
of times as long as the visa is
valid. |
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Have your
family accompany you to Australia.
They will have access to work
and study rights. |
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Establish
a pathway to permanent residence. |
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Subclass
161 |
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SENIOR
EXECUTIVE VISA (Provisional) |
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About this Visa
This visa is for senior executive
employees of major overseas businesses, who
have significant net assets and a genuine
and realistic commitment to participate in
the management of a new or existing business.
This visa is also the first step towards being
granted a permanent Business Skills visa.
Who is this visa for?
Senior executives from overseas who through
their experience have gained the skills to
successfully manage a business in Australia,
are less than 45 years old, and have vocational English.
To apply for this visa types, applicants must: |
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Have a successful
business career. |
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Have net assets
of at least AUD$500,000, are lawfully acquired and capable of being
transferred to Australia within two
years. |
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Have sufficient
net assets to settle in Australia. |
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For at least two
out of four fiscal years immediately
before the application is made, applicant
has occupied a position in three of the
highest management levels and is responsible
for strategic policy development in
major business AUD$50 million turnover. |
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Has notified appropriate
regional authority in state/territory
regarding applicant and business intentions
in Australia. |
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Genuine intention
to establish or participate in active
management of qualifying business in
Australian and realistic commitment
to maintain substantial ownership interest. |
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No history of unacceptable
business activities. |
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Demonstrate the need
to be in Australia to conduct or establish
business activity in Australia. |
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What does this visa let me do?
With this visa you can: |
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Establish a new
or existing business in Australia. |
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Travel in and out
of Australia any number of times as
long as the visa is valid. |
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Have your family
accompany you to Australia. They will
have access to work and study rights.
Your family includes your spouse and
any dependants. |
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Subclass
162 |
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INVESTOR
VISA (Provisional) |
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About this Visa
This visa is for people who
have a successful business or investment career,
and have a genuine and realistic commitment
to be involved in investing or business in
Australia. This visa is also the first step
towards being granted a permanent Business
Skills visa.
Who is this
visa for?
This visa is for investors/business people
from overseas who are willing to invest funds
in a designated investment in Australia for
four (4) years, and are less than 45 years
of age and have vocational Enlish.
To apply for this visa types, applicants must:
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Have overall successful
qualifying business activity or eligible
investment activity. |
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Have a business and personal assets
of at least AUD$2,250,000 throughout two fiscal years before the applications are made. |
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Have sufficient
net assets to settle in Australia. |
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For at least one
of five fiscal years immediately before
the application is made, applicant has
direct management in qualifying business
where applicant and/or spouse have 10%
ownership or net value of at least AUD$1,500,000. |
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For at least three years
applicant must have directly managed one or
more qualifying business or eligible
investments; and have evidence of high level of management
skill in investment/business activity. |
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Has notified appropriate
regional authority in state/territory
regarding applicant and business intention
in Australia. |
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Genuine intention
to maintain business/investment activity. Able to make a designated investment of an amount of AUD$1 500 000. |
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No history of unacceptable
business activities. |
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What does this visa let me do?
With this visa you can: |
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Make a designated
investment. |
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Travel in and out
of Australia any number of times as
long as the visa is valid. |
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Have your family
accompany you to Australia. They will
have access to work and study rights. |
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Establish a pathway
to permanent residence. |
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Subclass
163 |
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STATE/TERRITORY
SPONSORED BUSINESS OWNER VISA (Provisional) |
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About this Visa
This visa is for people who
have a successful business career, and have
a genuine and realistic commitment to be involved
as an owner in a new or existing business
in Australia. This visa is also the first
step towards being granted a permanent Business
Skills visa.
Who is this
visa for?
This visa is for business owners from overseas
who intend to establish or participate in a business in a state or territory where the sponsor is located, the applicants are less than 55 years old and do not have functional English.
To apply for these visa types, applicants must:
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Have a successful
business career. |
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Have a net value
of at least AUD$250,000 that is available for the conduct or establishment of a business in Australia, lawfully acquired and available for transfer, and capable of being transferred to Australia within 2 years after the grant of a Subclass 163 visa. |
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Have annual turnover
of at least AUD$300,000 for at least
two out of the last four fiscal years, or
demonstrate a sound continuous employment
record at a high level of senior management
for four years before application or a senior manager. |
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Should be involved
in the day-to-day management and control
of the overseas business. |
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Have sufficient
net assets to settle in Australia as
determined by sponsoring appropriate
regional authority. |
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Sponsorship by appropriate
regional authority required. |
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Genuine intention
to establish or participate in active
management of qualifying business in
Australian and realistic commitment
to maintain substantial ownership interest.
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No history of unacceptable
business activities. |
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Demonstrate need
to be in Australia to conduct or establish
business activity in Australia. |
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What does this visa let me do?
With this visa you can: |
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Establish a new
or existing business in Australia. |
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Travel in and out
of Australia any number of times as
long as the visa is valid. |
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Have your family
accompany you to Australia. They will
have access to work and study rights. |
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Establish a pathway
to permanent residence. |
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Subclass
164 |
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STATE/TERRITORY
SPONSORED SENIOR EXECUTIVE VISA (Provisional) |
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About this Visa
This visa is designed is for
senior executive employees of major overseas
businesses, who have significant net assets
and a genuine and realistic commitment to
participate in the management of a new or
existing business. This visa is also the first
step towards being granted a permanent Business
Skills visa.
Who is this
visa for?
Senior executives from overseas who through
their experience have gained the skills to
establish or participitate in a business in a state or territory where the Sponsor is located, the applicants are less than 55 years old and do not have functional English.
To apply for this visa types, applicants must:
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Have a successful
business career. |
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Have a net assets
of at least AUD$250,000 capable of being
transferred to Australian within two
years. |
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Have sufficient
net assets to settle in Australia as
determined by an appropriate regional
authority. |
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For at least two
out of four fiscal years immediately
before the application is made, applicant
has occupied position in three of the
highest management levels and responsible
for strategic policy development in
major business AUD$10 million turnover. |
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Sponsorship by appropriate
regional authority required. |
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Genuine intention
to establish or participate in active
management of qualifying business in
Australian and realistic commitment
to maintain substantial ownership interest. |
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No history of unacceptable
business activities. |
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Demonstrate need
to be in Australia to conduct or establish
business activity in Australia. |
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What does this visa let me do?
With this visa you can: |
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Establish a new
or existing business in Australia. |
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Travel in and out
of Australia any number of times as
long as the visa is valid |
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Have your family
accompany you to Australia. They will
have access to work and study rights.
Your family includes your spouse and
any dependants. |
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Subclass 165 |
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STATE/TERRITORY SPONSORED INVESTOR VISA (Provisional) |
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About this Visa
This visa is for people who have a successful business or investment career, and have a genuine and realistic commitment to be involved in investing or business in Australia. This visa is also the first step towards being granted a permanent Business Skills visa.
Who is this visa for?
This visa is for investors/business people from overseas who are willing to invest funds in a designated investment in Australia for four (4) years, and are less than 55 years of age and do not have functional English.
To apply for this visa types, applicants must: |
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Overall successful qualifying business activity or eligible investment activity. |
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Have business and personal assets of at least AUD$1,125,000 throughout the two fiscal years before the applications were made. |
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Have sufficient net assets to settle in Australia as determined by an appropriate regional authority. |
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For at least one of five fiscal years immediately before the application is made, applicant has direct management in qualifying business where applicant and/or spouse have 10% ownership or net value of at least AUD$750,000. |
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At least three years applicant has directly managed one or more qualifying business or eligible investments; and high level of management skill in investment/business activity evidenced. |
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Sponsorship by appropriate regional authority required. Made a designated investment of an amount of AUD$750 000, in the State or Territory where the sponsored applicant is located. |
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Genuine intention to maintain business/investment activity. |
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No history of unacceptable business activities. |
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What does this visa let me do?
With this visa you can: |
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Make a designated investment. |
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Travel in and out of Australia any number of times as long as the visa is valid. |
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Have your family accompany you to Australia. They will have access to work and study rights. |
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Establish a pathway to permanent residence. |
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Subclass 457 |
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STATE/TERRITORY SPONSORED INVESTOR VISA (Provisional) |
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About this Visa
This subclass allows Australian Employers to sponsor overseas skilled workers to work in Australia on a temporary residency visa for a maximum of four years.
Who is this visa for?
Overseas skilled workers who want to work in Australia or the skilled workers who are not eligible to apply for permanent residency visa or whilst waiting for a permanent residency visa to be granted.
To apply for this visa type: |
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What does this visa let me do?
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Subclass
132 |
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BUSINESS
TALENT VISA (Residence) |
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About this Visa
This visa is designed for
high caliber business people who are owners
or part owners of an overseas business and
have a genuine and realistic commitment to
participate in the management of a new or
existing business in Australia. You must be
sponsored by a state or territory government.
Who is this visa for?
This visa is for high caliber business people
from overseas who are less than 55 years old,
and do not have functional English.
To apply for this visa types, applicants must: |
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Have a successful
business career. |
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Have at least AUD$400,000
invested in a business for two out of
the last 4 fiscal years before applying. |
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Have business and personal assets
of at least AUD$1,500,000 capable of
being transferred to Australia within
two years. |
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Have annual turnover
of at least AUD$3,000,000 for two out
of last four fiscal years. |
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Must be sponsored
by state/territory government (i.e.
Chief Minister, Premier of their delegate). |
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Genuine intention
to establish or participate in active
management of qualifying business in
Australia and realistic commitment to
maintain substantial ownership interest. |
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No history of unacceptable
business activities. |
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What does this visa let me do?
With this visa you can: |
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Work in a new or
existing business in Australia. |
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Travel in and out
of Australia any number of times as
long as the visa is valid. |
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Study in Australia. |
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Have your family
accompany you to Australia. They will
have access to work and study rights. |
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Live in Australia
as a permanent resident for five years. |
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Subclass
890 |
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BUSINESS
OWNER VISA(Residence) |
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About this Visa
This visa is designed to attract
business people to assist in the economic
development of Australia. The visa allows
you to stay in Australia on a permanent basis
for the purpose of owning a new or existing
business. You must have held one of the required
provisional visas and meet the requirements
to be eligible for this visa.
Who
is this visa for?
Business owners from overseas who have held
one of the required provisional visas.
To apply for this visa types, applicants must: |
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In 1 or more main
business/es for at least 2 years. |
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Have net assets - business:
AUD$100,000 for 12 months. |
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Have business
and personal assets: AUD$250,000. |
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2 full time employees who are Australian citizens, Australian permanent residents or New Zealand passport holders. |
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In 12 months applicant's
main business/es have annual turnover
of at least AUD$300,000. |
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What does this visa let me do?
With this visa you can: |
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Work in a new or
existing business in Australia. |
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Travel in and out
of Australia any number of times as
long as the visa is valid. |
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Study in Australia. |
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Have your family
accompany you to Australia. They will
have access to work and study rights. |
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Become a permanent
resident of Australia. |
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Subclass
891 |
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INVESTOR
VISA(Residence) |
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About this Visa
This visa is designed for
investors/business people who: |
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Hold an Investor
(provisional) visa. |
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Have maintained
your designated investments for the
minimum 4 years. |
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Have been in Australia
for at least 2 years in the last 4 years. |
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Who is this visa for?
Investors from overseas who have already made a designated investment in Australia.
To apply for this visa types, applicants must:
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Continue to maintain
business/investment activity in Australia for a minimum of 4 years. |
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Neither applicant
nor spouse has history of unacceptable
business activities. |
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Have been in Australia for two years as the holder of a Subclass 162 (Investor Provisional) visa. |
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What does this visa let me do?
With this visa you can: |
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Work. |
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Travel in and out
of Australia any number of times as
long as the visa is valid. |
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Study in Australia. |
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Have your family
accompany you to Australia. They will
have access to work and study rights. |
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Become a permanent
resident of Australia. |
| Back
To Top |
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Subclass
892 |
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STATE/TERRITORY
SPONSORED BUSINESS OWNER VISA (Residence) |
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About this Visa
This visa is designed to attract
business people to assist in the economic
development of Australia. The visa allows
you to stay in Australia on a permanent basis
for the purpose of owning a new or existing
business. You must have held one of the qualifying
provisional visas, be sponsored by a state/territory
authority, and meet the requirements to be
eligible for this visa.
Who
is this visa for?
People who have an ownership interest in 1 or more actively operating main businesses and are directly involved in managing that business.
To apply for this visa types, applicants must: |
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In 1 or more main
business/es for at least 2 years. |
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Meet 2 out of the
following 3 conditions unless appropriate regional
authority provide waiver:
- Net business assets: AUD$75,000
throughout the period of 12 months ending immediately before the application is made;
- Net business and personal assets:
AUD$250,000 throughout the period of 12 months ending immediately before the application is made;
-have 1 full time employee who is an Australian citizen, Australian permanent resident or New Zealand passport holder. |
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Had annual turnover
of at least AUD$200,000 12 months before the application was made. |
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What does this visa let me do?
With this visa you can: |
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Work. |
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Travel in and out
of Australia any number of times as
long as the visa is valid. |
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Study in Australia. |
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Have your family
accompany you to Australia. They will
have access to work and study rights. |
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Become a permanent
resident of Australia. |
| Back
To Top |
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Subclass
893 |
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STATE/TERRITORY
SPONSORED INVESTOR VISA (Residence) |
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About this Visa
This visa is designed for
investors/business people who: |
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Have an overall
successful record of business or investment
activities. |
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Have significant
net assets. |
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Are willing to invest
funds in a designated investment in
Australia for four years. |
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Have a genuine commitment
to maintain business and investment
activity in Australia. |
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Hold an Investor
(provisional) visa. |
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Are sponsored by
a state/territory authority. |
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Who is this visa for?
The applicants have been residents, as the holders of a Subclass 165 (State/Territory Sponsored Investor (Provisional)) visa, in the State or Territory in which the appropriate regional authority that sponsors the applicant is located for a total of at least 2 years in the 4 years immediately before the application is made.
To apply for this visa types, applicants must:
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Continue to maintain
business/investment activity in Australia for at least 4 years. |
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Neither applicant
or spouse has history of unacceptable
business activities. |
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At least 2 out of
4 years residence in sponsoring state/territory
as the holder of an Investor (Provisional)
visa immediately before the application
is made. |
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What does this visa let me do?
With this visa you can: |
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Work. |
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Travel in and out
of Australia any number of times as
long as the visa is valid. |
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| * |
Study in Australia. |
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| * |
Have your family
accompany you to Australia. They will
have access to work and study rights. |
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| * |
Become a permanent
resident of Australia. |
| Back
To Top |
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