Australia Business Talent Visa

Migration to Australia under the Australian Business Talent visa category is open to applicants who have had a successful history of business or investment activity and wish to emigrate to Australia to use these skills. There are several qualifying criteria for this visa subclass and these are outlined below.

Duration

The Australian Business Talent visa is an entitlement to Australian permanent residence.

Eligibility Criteria

Age

An Australian Business Talent visa applicant must be aged 55 years of age or younger at time of lodging the Australia visa application. Please note that applicants who are over 55 years of age may be eligible for the Australian Business Visa if their business proposal is considered to be of exceptional economic benefit to the sponsoring State or Territory.

Business Experience

To qualify for the Australian Business Talent visa the following requirements must be satisfied. An applicant:

• Must have net assets in business of at least A$400,000 in at least 2 of the 4 fiscal years immediately before lodging the visa application

• Must have personal and business net assets of at least A$1,500,000, which are capable of being transferred to Australia within 2 years

• For at least 2 out of the last 4 fiscal years before applying the main business (es) outside -Australia must have had an annual turnover of at least A$3,000,000

• Must have sponsorship by a State or Territory Government at a senior level - i.e. Chief -Minister, Premier, or delegate

• Must be aged under 55, unless the business is endorsed by the sponsoring Government as being of exceptional economic benefit

• Must demonstrate the need to be in Australia to conduct or establish the business

• Must establish or participate in the active management of a qualifying business in Australia, and maintain a substantial ownership interest

• Must agree to monitoring of business activities by the Department of Immigration 24 months after arrival in Australia

Additional Information

Australia has strict health and character requirements that must be met before any permanent visa of more than 12 months will be granted. People attempting to migrate to Australia on an Australian business visa will be required to:

• Undergo a medical examination and chest X-ray undertaken by one of a panel of doctors selected by the Australian authorities, and;

• Obtain police certificates for all countries in which they have lived for more than 12 months in the 10 years leading up to the application.

Processing Times

The current processing time for migration to Australia on a business talent visa is 9 - 12 months, from the start of the process. A Global Visas consultant will be able to advise you of the latest processing times.