Australia welcomes business people who can bring business skills, expertise and investment to Australia. Under the new scheme, business migrants are granted a Provisional Visa for four years at the beginning, and after establishing the business or maintaining their investment, they can apply for a business Skills Residence Visa.
This visa is given initially for a period of four years as a provisional visa. Once the business is established or the required level of investments is maintained, applicants are eligible to apply for permanent residency under this scheme.
This visa is for Business owners who have enjoyed success in their respective fields. It allows you to operate a new or an existing business in Australia. Upon satisfying the requirements, the business visa holders will qualify for the Permanent Residence Visa.
To qualify an applicant must be below 55 years of age. Must have a minimum annual audited turnover of AU $750,000 and net business and personal assets (Applicant and the partner combined) of AU$ 1.25 million. Applicant must secure 65 points in the points calculators against the stated criteria.