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| The Business Owner (Provisional) Visa (Subclass 160) |
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This visa is for people who can demonstrate a successful business career and now have a genuine and realistic commitment to be involved as an owner in a new or existing business in Australia.
As the holder of a Provisional Business Visa, you are eligible to make an application for a Business Owner (Residence) Visa after establishing the requisite level of business or maintaining an eligible investment for a specified period.
The Business Owner Provisional Visa is for applicants who are owners or part owners of a business and are under 45 years of age at the time of lodging the application. Applicants over 45 years of age, but less than 55, may qualify for the State/Territory Sponsored Business Owner Provisional Visa which has a lower financial threshold.
Applicants are required to demonstrate that they have had an overall successful career with significant turnover in their nominated business for at least two out of the last four years before applying. Applicants must also demonstrate that they have at least vocational-level English.
In addition to satisfying the business turnover level, applicants must demonstrate that they have significant business and personal assets of a sufficient net value to settle in Australia. As part of the process, applicants should also prepare a detailed business proposal in order to demonstrate a realistic commitment to establish or participate in a qualifying business in Australia, and to maintain a substantial ownership and direct and continuous involvement in the management of that business. "
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