This provisional visa is for people with business skills. It lets you operate a new or existing business in Australia.
Reach a minimum of 65 points on the Migration Scale
Must be under 55 years old
The total value of assets and equity in the enterprise must reach at least AUD800,000.
Be guaranteed by one of the Australian states
For 2 out of 4 fiscal years immediately before you receive an invitation to apply, you must have had an ownership stake in 1 or 2 businesses that had at least AUD500,000 turnover in each of those 2 years.
Whether you have 1 or 2 businesses, you must own at least:
- 51%, of the total value of the business if the business has a turnover of less than AUD400,000 per year
- 30%, of the total value of the business if the business has a turnover of AUD400,000 or more per year
- 10%, of the total value of the business if the business is operated by a publicly listed company